Sky Harbour Group Corp Announces $40M Registered Direct Offering

What Happened

• Sky Harbour Group Corporation announced a registered direct offering in which it sold 4,000,000 shares of Class A common stock at $10.00 per share, generating $40.0 million in gross proceeds. The offering closed on August 12, 2026. The company said net proceeds will be used for general corporate purposes.
• The offering was made under the company’s Form S-3 shelf registration (File No. 333-278275). The company also filed a legal opinion from Morrison & Foerster LLP regarding the validity of the shares.

Key Details

• 4,000,000 shares sold at $10.00 per share; gross proceeds of $40.0 million (closing Aug 12, 2026).
• Lock-up: Company, directors, executive officers and holders of >5% agreed not to sell or transfer shares for 90 days after closing, subject to exceptions.
• Related private secondary: Boston Omaha Corporation agreed to sell 360,000 shares to investors at $10.00 per share; those closings are expected on or before August 14, 2026.
• Offering made pursuant to Form S-3 shelf registration; prospectus supplement filed Aug 12, 2026. Opinion of counsel filed as Exhibit 5.1.

Why It Matters

• This transaction raises immediate cash for Sky Harbour ($40M gross), giving the company more flexibility to fund operations, investments or other corporate needs.
• Issuing 4.0 million new shares increases the number of shares outstanding and therefore is dilutive to existing shareholders. The 90-day lock-up may provide short-term trading stability by limiting insider sales.
• The Boston Omaha secondary is a separate sale of existing shares by that holder, not new shares issued by Sky Harbour, and may modestly change ownership concentrations once it closes.