Sky Harbour Group Corp. Files 8-K with Material Agreement

TL;DR

Sky Harbour Group Corp. signed a big deal on Dec 18th, filing an 8-K. Old name: Yellowstone Acquisition Co.

AI Summary

Sky Harbour Group Corp. entered into a material definitive agreement on December 18, 2024. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company was formerly known as Yellowstone Acquisition Co. and changed its name on September 3, 2020.

Why It Matters

This 8-K filing indicates a significant new agreement for Sky Harbour Group Corp., which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, requiring further analysis of the agreement's terms.

Key Players & Entities

• Sky Harbour Group Corp. (company) — Registrant
• Yellowstone Acquisition Co. (company) — Former company name
• December 18, 2024 (date) — Date of earliest event reported
• September 3, 2020 (date) — Date of name change

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share SKYH NYSE American LLC
• $11.50 — A common stock at an exercise price of $11.50 per share SKYH WS NYSE American LLC
• $30 million — to make minimum capital improvements of $30 million. TTN is owned and operated by the Coun

Filing Documents

• ysac20241219_8k.htm (8-K) — 35KB
• ex_759398.htm (EX-99.1) — 10KB
• 0001437749-24-037985.txt ( ) — 206KB
• skyh-20241218.xsd (EX-101.SCH) — 4KB
• skyh-20241218_def.xml (EX-101.DEF) — 14KB
• skyh-20241218_lab.xml (EX-101.LAB) — 19KB
• skyh-20241218_pre.xml (EX-101.PRE) — 14KB
• ysac20241219_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 18, 2024, Sky Harbour Group Corporation (the "Company"), through a wholly-owned subsidiary of the Company, entered into a ground lease agreement (the "TTN Lease") at Trenton-Mercer Airport ("TTN") with the County of Mercer, New Jersey. The TTN Lease covers approximately 10 acres of property at TTN. The initial term of the TTN Lease will be 30 years from the earlier of certificate of occupancy or 36 months from the lease commencement date, as defined in the TTN Lease, with lease payments commencing contemporaneously with the term. The TTN Lease contains an option exercisable by the Company to extend the TTN Lease for an additional 20 years following the expiration of such initial term. Under the terms of the TTN Lease, the Company is required to make minimum capital improvements of $30 million. TTN is owned and operated by the County of Mercer, New Jersey, and is located in Ewing Township, New Jersey.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On December 19, 2024, the Company issued a press release (the "Press Release") which announced its execution of the TTN Lease. A copy of the Press Release is furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference. The furnishing of the Press Release is not an admission as to the materiality of any information therein. The information contained in the Press Release is summary information that is intended to be considered in the context of more complete information included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures. The information contained in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). The information contained in this Item 7.01 and the Press Release shall not be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing. Cautionary Statement Regarding Forward-Looking Statements This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Certain of these forward-look

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference. EXHIBIT INDEX Exhibit Number Exhibit Title 99.1 Press Release dated December 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 19, 2024 SKY HARBOUR GROUP CORPORATION By: /s/ Tal Keinan Name: Tal Keinan Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR