Boston Omaha Corporation filed an amended beneficial ownership report for Sky Harbour Group Corp’s Class A common stock. On August 11, 2026, Boston Omaha sold 360,000 Class A shares at $10.00 per share, generating $3,600,000 in gross proceeds under an effective registration statement.
After this sale, Boston Omaha beneficially owns 18,699,773 Class A shares, including 7,719,779 Warrant Shares, representing 40.45% of the outstanding Class A stock and 21.18% of the combined voting power of all common stock, based on 38,510,234 Class A and 42,046,356 Class B shares outstanding as of August 12, 2026. This holding includes shares owned through its indirect subsidiary United Casualty and Surety Insurance Company, with investment decisions made by Boston Omaha’s investment committee.
Boston Omaha Corporation, a ten percent owner of Sky Harbour Group Corp, reported a sale of 360,000 shares of Class A common stock on 2026-08-11 at $10.00 per share in an open-market or private transaction. Following this sale, Boston Omaha Corporation directly holds 8,306,163 shares of Sky Harbour Class A common stock.
In addition, United Casualty & Surety Insurance Company, a wholly owned subsidiary of Boston Omaha Corporation, holds 2,673,831 shares of Class A common stock, reported as indirect ownership. Boston Omaha Corporation also continues to own warrants to purchase 7,719,779 shares of Class A common stock.
Sky Harbour Group Corporation entered into a Stock Purchase Agreement with certain investors to sell 4,000,000 shares of its Class A common stock in a registered direct offering at $10.00 per share. The closing occurred on August 12, 2026, and the company received $40.0 million in aggregate gross proceeds before expenses, which it intends to use for general corporate purposes.
In connection with this offering, the company’s directors, executive officers and certain >5% stockholders agreed to a 90-day lock-up on transfers of common stock and related securities, subject to exceptions. Substantially concurrently, Boston Omaha Corporation agreed to sell an aggregate of 360,000 shares of common stock to investors at $10.00 per share in separate private secondary transactions. The primary offering was made under an effective Form S-3 shelf registration statement, supplemented by a prospectus supplement filed on August 12, 2026.
Sky Harbour Group Corporation is conducting a registered direct offering of 4,000,000 shares of Class A common stock at $10.00 per share to certain investors, without a placement agent or underwriter, for gross proceeds of $40,000,000.
The company estimates net proceeds of about $39.8 million after offering expenses of approximately $150,000, which it currently intends to use for general corporate purposes alongside existing cash, cash equivalents and marketable securities. A 90‑day lock-up will restrict sales by directors, executive officers and certain 5% holders.
The share count will increase from 34,510,324 to 38,510,324 shares of common stock. Net tangible book value was $4.75 per share as of June 30, 2026 and would rise to $5.30 per share on an as-adjusted basis, implying an immediate dilution of about $4.70 per share to new investors, despite a $0.55 per-share accretion to existing stockholders.
Sky Harbour Group Corporation reported unaudited financial results for the three and six months ended June 30, 2026 and reaffirmed its 2026 year-end guidance. The results are detailed in a Form 10-Q and an investor presentation made available to investors and analysts.
Management highlighted continued progress in leasing, construction, capital formation and airport operations, noting that per-square-foot revenue is exceeding forecasts and development costs are declining. The company welcomed two long-term strategic investors and raised $40 million of equity at $10 per share, a relatively small discount to its last 30-day VWAP of $10.49, alongside plans to pair this capital with additional tax-exempt debt to fund approximately 400,000 square feet of new hangar capacity, described as accretive for shareholders.
Sky Harbour Group Corporation reported continued growth in its aviation hangar business but remained unprofitable for the quarter ended June 30, 2026. Total Q2 2026 revenue was $9.9 million, up from $6.6 million a year earlier, driven by higher rental and fuel revenue. For the first six months of 2026, revenue was $18.6 million versus $12.2 million in 2025.
The company recorded a Q2 operating loss of $6.8 million and a net loss attributable to shareholders of $1.2 million, with a six‑month loss of $6.8 million versus prior‑year income. Total assets increased to $822.9 million, reflecting significant construction and financing activity, including $150 million of new tax‑exempt Series 2026 bonds and draws on a term loan facility, bringing total bonds and loans payable to $417.3 million in principal. Cash and restricted cash rose to $164.0 million, supported by bond proceeds and other financings. Operating cash use was $3.4 million for the first half, while investing outflows of $96.0 million reflected heavy construction spend. Subsequent to quarter end, the company agreed to sell 4.0 million Class A shares at $10.00 in a registered direct offering for expected gross proceeds of $40.0 million.
Sky Harbour Group Corporation disclosed that its subsidiary Sky Harbour Capital II LLC entered into a Second Amendment to its Draw Down Note Purchase and Continuing Covenant Agreement, a term loan facility arranged by JPMorgan Chase Bank.
The amendment allows the company to request a borrowing not to exceed $20 million to finance or reimburse construction costs for the second phase of its hangar project at Miami-Opa Locka Executive Airport. On June 29, 2026, SH Capital II requested and borrowed the full $20 million amount, referred to as the OPF Phase II Borrowing.
As a condition, the company must make cash contributions to the borrowers totaling at least $20 million, called the Term Loan Facility Replenishment, and may use proceeds of the Series 2026 Public Finance Authority Revenue Bonds for this purpose. Until the replenishment is complete, the borrowers agreed not to create or permit liens on the company’s San José Mineta International Airport hangar campus or related equity and income. The company and Sky Harbour Holdings II LLC have guaranteed the replenishment obligations, and all arrangements remain conditioned on there being no default under the term loan facility.
Sky Harbour Group Corporation reported results from its 2026 Annual Meeting of Stockholders. Stockholders approved an amendment to the 2022 Incentive Award Plan, increasing the Class A common stock reserved for issuance by 1,500,000 shares, with no other plan terms changed.
All seven director nominees were elected, and EisnerAmper LLP was ratified as independent registered public accounting firm for the fiscal year ending December 31, 2026. Stockholders approved executive compensation on a non-binding “say-on-pay” basis and selected a three-year frequency for future advisory votes, which the board adopted.
Sky Harbour Group Corporation ownership disclosure: Raga Partners reports beneficial ownership of 3,000,000 shares of Class A Common Stock, representing 8.7% of the class. The filing shows shared voting and shared dispositive power over the 3,000,000 shares. The form is signed by Atul Joshi on 06/04/2026.
Sky Harbour Group Corp director Andrew J. Gessow reported an open-market purchase of 5,000 shares of Class A Common Stock at $8.95 per share on May 20, 2026. Following this transaction, his reported holdings total 17,910 shares, including 10,000 shares of Class A Common Stock and 7,910 RSUs.