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Sky Harbour Group Secures $10 Million Promissory Note Financing

Story Highlights
  • Sky Harbour’s subsidiary raised $10 million via an unsecured promissory note to Yorkville.
  • The company will issue 40,000 Class A shares and use proceeds for working capital and operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sky Harbour Group Secures $10 Million Promissory Note Financing

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An update from Sky Harbour Group ( (SKYH) ) is now available.

On January 27, 2026, Sky Harbour LLC, a subsidiary of Sky Harbour Group Corporation, issued a non-convertible, unsecured promissory note in the principal amount of $10 million to YA II PN, Ltd. (Yorkville), bearing interest at 7.75% per annum and maturing on June 8, 2027, with repayment of $833,333.33 scheduled monthly from July 8, 2026 over twelve months and obligations guaranteed by the parent company. As part of the financing, Sky Harbour agreed to issue 40,000 shares of its Class A common stock to Yorkville in a registered direct offering, with the note including customary covenants and default provisions and the proceeds earmarked for working capital and general corporate purposes, underscoring the company’s ongoing need to fund operations and growth initiatives.

The most recent analyst rating on (SKYH) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.

Spark’s Take on SKYH Stock

According to Spark, TipRanks’ AI Analyst, SKYH is a Neutral.

The score is held back primarily by weak financial fundamentals—ongoing losses, high leverage, and negative operating/free cash flow—despite improving revenue and gross margin. Technicals are mixed with only a short-term lift while longer-term trend indicators remain negative. Valuation is difficult to support with a negative P/E and no dividend, partially offset by an earnings call that emphasized rapid growth and nearing cash-flow breakeven with improved financing access.

To see Spark’s full report on SKYH stock, click here.

More about Sky Harbour Group

Sky Harbour Group Corporation operates in the aviation infrastructure sector through its subsidiary Sky Harbour LLC, providing facilities and related services to the general and business aviation market.

Average Trading Volume: 111,974

Technical Sentiment Signal: Sell

Current Market Cap: $704.9M

See more insights into SKYH stock on TipRanks’ Stock Analysis page.

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