Sky Harbour Group Completes $10M Registered Direct Offering

What Happened Sky Harbour Group Corporation (SKYH) announced it closed a registered direct offering, selling 1,000,000 shares of its Class A common stock to M-COR Capital LLC. The parties entered the Stock Purchase Agreement on August 21, 2026, and the offering closed on August 26, 2026. The shares were sold at $10.00 per share, generating $10.0 million in gross proceeds.

Key Details

• Buyer: M-COR Capital LLC (Stock Purchase Agreement dated August 21, 2026).
• Shares/Price: 1,000,000 shares of Class A common stock at $10.00 per share.
• Timing and proceeds: Closing on August 26, 2026; $10.0 million gross proceeds (before offering-related expenses).
• Offering mechanics: Sold pursuant to the company’s shelf registration statement on Form S-3 (File No. 333-278275, declared effective April 10, 2024) and a prospectus supplement filed August 26, 2026. Legal opinion from Morrison & Foerster LLP was filed as Exhibit 5.1.

Why It Matters This transaction provides Sky Harbour with $10.0 million of additional cash to use for general corporate purposes, improving liquidity and funding flexibility without waiting for other financing. Because new shares were issued, the transaction increases shares outstanding and will proportionally dilute existing shareholders’ ownership. The use of an effective shelf registration allowed the company to register and complete the sale under SEC rules.