Sky Harbour Group ( (SKYH) ) has issued an announcement.
Sky Harbour Group Corporation has initiated a significant equity financing deal, securing an agreement with investors to sell over 3.35 million shares at $9.50 each, totaling approximately $31.8 million in an initial closing, with a subsequent option for a second purchase. Set to close between October 15 and October 25, 2024, this deal could potentially raise up to $63 million and is part of a broader strategy to fund the company’s expansion plans through 2026. The agreement includes provisions for additional investors and is complemented by a planned $150 million in private activity debt financing, aiming to develop aviation infrastructure across the country.
Learn more about SKYH stock on TipRanks’ Stock Analysis page.
