Sky Harbour Group Corporation has announced that its subsidiary, Sky Harbour LLC, has entered into a new financing agreement by issuing a non-convertible, unsecured promissory note with YA II PN, Ltd., a Cayman Islands-based firm, for $10 million. The note carries an annual interest rate of 7.75%, increasing to 18% in case of default, and matures on June 8, 2027. Repayment of $833,333.33 will begin monthly from July 8, 2026, for twelve months. The obligations are guaranteed by Sky Harbour Group Corporation, which will also issue 40,000 shares of its Class A common stock to Yorkville as part of the arrangement. Proceeds from this financing will be used for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sky Harbour Group Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-002200), on January 27, 2026, and is solely responsible for the information contained therein.