The latest announcement is out from Sky Harbour Group ( (SKYH) ).
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Sky Harbour Group Corporation has successfully completed the second closing of its equity raise, issuing 3,955,790 additional shares for net proceeds of approximately $37.6 million, bringing the total from both closings to about $75.2 million. The combined funds, along with expected private debt financing and existing cash, will support the development of new airport campuses, expanding Sky Harbour’s portfolio to 23 airports by the end of 2025, demonstrating strong investor interest and strategic growth in the business aviation sector.
More about Sky Harbour Group
Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangars across the United States, catering to private and corporate customers with dedicated service and infrastructure.
YTD Price Performance: 34.78%
Average Trading Volume: 85,430
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $930.1M
For detailed information about SKYH stock, go to TipRanks’ Stock Analysis page.
