Boston Omaha Corp. Amends Sky Harbour Stake to 10.5%

TL;DR

Boston Omaha Corp. now owns 10.5% of Sky Harbour Group Corp. after filing an amendment.

AI Summary

Boston Omaha Corp. filed an amendment (No. 2) to its Schedule 13D on May 31, 2024, regarding its holdings in Sky Harbour Group Corp. The filing indicates a change in beneficial ownership, with Boston Omaha Corp. now holding 1,500,000 shares of Sky Harbour Group Corp. Class A common stock, representing approximately 10.5% of the outstanding shares. This filing follows a previous amendment and signifies a shift in the reporting person's stake.

Why It Matters

This filing updates the market on Boston Omaha Corp.'s significant ownership in Sky Harbour Group Corp., potentially influencing trading activity and investor perception of both companies.

Risk Assessment

Risk Level: medium — Changes in significant beneficial ownership can signal shifts in strategy or influence, impacting stock price volatility.

Key Numbers

• 1,500,000 — Shares Held (Boston Omaha Corp.'s direct beneficial ownership in Sky Harbour Group Corp.)
• 10.5% — Ownership Stake (Percentage of Sky Harbour Group Corp. Class A common stock held by Boston Omaha Corp.)

Key Players & Entities

• Boston Omaha Corp. (company) — Reporting Person
• Sky Harbour Group Corp. (company) — Issuer
• Joshua P. Weisenburg (person) — Signatory
• 1,500,000 (dollar_amount) — Number of shares held
• 10.5% (dollar_amount) — Percentage of outstanding shares held

FAQ

Key Financial Figures

• $0.0001 — suer) Class A common stock, par value $0.0001 per share (Title of Class of Securiti
• $10.00 — 9 shares of Class A Stock at a price of $10.00 per share pursuant to Rule 144 under th

Filing Documents

• bomn20240531_sc13da.htm (SC 13D/A) — 51KB
• 0001437749-24-018896.txt ( ) — 53KB

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is hereby supplemented as follows

Item 4 of the Schedule 13D is hereby supplemented as follows: On May 29, 2024, the Reporting Person sold 246,389 shares of Class A Stock at a price of $10.00 per share pursuant to Rule 144 under the Securities Act of 1933, as amended. As a consequence, the Reporting Person's beneficial ownership decreased to 20,160,421 shares of Class A Stock (including the 7,719,779 Warrant Shares), representing 62.3% of the outstanding Class A Stock and 27.0% beneficial ownership of the combined voting Common Stock.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Original Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows: (a) – (b) The following sets forth, as of the date of this Amendment No. 2, the aggregate number of shares of Issuer's Class A Stock and percentage of Class A Stock (including Warrant Shares) beneficially owned by the Reporting Person, and which the Reporting Person has the sole or shared power to vote or to direct the vote, sole or shared power to dispose or to direct the disposition of, as of the date hereof, based on 24,638,948 outstanding shares of Class A Stock of the Issuer as of May 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on May 14, 2024, plus the Warrant Shares. The following also sets forth the combined voting power of the 20,160,421 shares of Class A Stock (including Warrant Shares) beneficially owned by the Reporting Person relative to the Issuer's total outstanding Common Stock, as to which the Reporting Person has the sole or shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition of, as of the date hereof, based on 24,638,948 shares of Class A Stock and 42,192,250 shares of the Issuer's Class B Stock issued and outstanding as of as of May 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on May 14, 2024, plus the Warrant Shares. Class A Common Stock Class B Common Stock Combined Voting Power Reporting Person Number (1) % (2) Number % (%) (3) Boston Omaha Corporation 20,160,421 62.3 % - - 27.0 % (1) Consists of 12,440,642 shares of Class A Stock and 7,719,779 Warrant Shares held by the Reporting Person. (2) Calculated based on the shares of Class A Stock, including Warrant Shares, beneficially owned by the Reporting Person relative to the Issuer's 24,638,948 outstanding shares of Class A Stock, as of May 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information in Item 4 of this Amendment No. 2 is incorporated by reference into this Item 6. - 3 -

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 31, 2024 BOSTON OMAHA CORPORATION By: /s/ Joshua P. Weisenburger Name: Joshua P. Weisenburger - 4 -

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View this SC 13D/A filing on SEC EDGAR