Sky Harbour Group Corp 8-K

What Happened

• Sky Harbour Group Corp (through its subsidiary Sky Harbour LLC) announced on January 27, 2026 that it issued a $10.0 million non‑convertible, unsecured promissory note to YA II PN, Ltd. (Yorkville). The note bears interest at 7.75% per year (18% upon an event of default), was issued at 100% of principal, and matures on June 8, 2027. The Company guaranteed the Borrower’s obligations under the note.

Key Details

• Principal: $10,000,000 issued January 27, 2026 to YA II PN, Ltd.
• Interest: 7.75% per annum (18% if default occurs).
• Repayment: Monthly principal payments of $833,333.33 beginning July 8, 2026 for 12 months.
• Security/terms: Unsecured, non‑convertible; contains customary reps, warranties and events of default.
• Consideration: Company agreed to issue 40,000 shares of Class A common stock to Yorkville in a registered direct offering.
• Use of proceeds: Working capital and general corporate purposes.

Why It Matters

• This financing provides Sky Harbour with immediate liquidity ( $10M ) but adds a near‑term debt repayment obligation and an explicit corporate guaranty by the parent company. Investors should note the interest cost, the monthly principal repayment schedule that begins mid‑2026, and the issuance of 40,000 Class A shares (a dilutive effect). These facts affect the company’s cash flow needs and capital structure in the coming year.