Sky Harbour Group Corp 8-K
Research Summary
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Sky Harbour Group Amends ATM Program, Adds Yorkville as Sales Agent
What Happened
- Sky Harbour Group Corporation (SKYH) filed an 8-K reporting an Amended and Restated At Market Issuance Sales Agreement dated December 31, 2025.
- The amendment adds Yorkville Securities, LLC as an additional sales agent alongside B. Riley Securities, Inc., and continues the company’s ability to sell Class A common stock into the market under an “ATM” program.
Key Details
- The A&R Sales Agreement increases the aggregate offering capacity to up to $100.0 million of Class A common stock.
- As of December 31, 2025, approximately $98.6 million in aggregate gross sales price of ATM Shares remain available for issuance under the amended agreement.
- The original Sales Agreement was dated March 27, 2024; material terms otherwise remain unchanged.
- A copy of the Amended and Restated At Market Issuance Sales Agreement was filed as Exhibit 1.1 to the 8-K.
Why It Matters
- The amended ATM program gives Sky Harbour an on‑going, flexible way to raise capital by selling shares into the open market up to the $100 million cap.
- Adding Yorkville as a sales agent may broaden the company’s ability to place shares.
- If the company sells shares under this program, it would raise cash but also increase the total share count, which can dilute existing shareholders’ ownership.