Sky Harbour Group Announces $10M Registered Direct Offering

What Happened

• On August 21, 2026, Sky Harbour Group Corporation (SKYH) announced it entered into a Stock Purchase Agreement with M-COR Capital LLC to sell 1,000,000 shares of its Class A common stock at $10.00 per share in a registered direct offering.
• The company expects the offering to close on or before August 26, 2026 and to receive approximately $10.0 million in gross proceeds before offering expenses. The offering will be conducted under Sky Harbour’s effective Form S-3 registration statement.

Key Details

• Transaction counterparty: M-COR Capital LLC (Investor).
• Shares offered: 1,000,000 shares of Class A common stock at $10.00 per share.
• Expected gross proceeds: approximately $10.0 million (before expenses).
• Expected close date: on or before August 26, 2026; subject to customary closing conditions.
• Use of proceeds: general corporate purposes.
• The company furnished a related press release as Exhibit 99.1 to the Form 8-K and included standard forward-looking statement disclosures.

Why It Matters

• The offering provides Sky Harbour with near-term capital (about $10M) that management says will support general corporate needs—this can help fund operations, growth initiatives, or working capital without incurring debt.
• A single investor (M-COR Capital) is buying the full placement in a registered direct transaction, which typically completes faster than a broad public offering but dilutes existing shareholders by the new shares issued.
• Investors should note the expected closing is subject to conditions and the filing includes forward-looking statements; see Sky Harbour’s 2025 Form 10-K risk factors for items that could affect outcomes.