Yellowstone Acquisition Announces Additional Share Purchase in 8-K Filing

Yellowstone Acquisition (OTCMKTS:YSACU) recently disclosed in an 8-K filing concerning a material definitive agreement entered into by Sky Harbour Group Corporation on October 25, 2024. This agreement includes the issuance and sale of shares of Class A common stock to certain investors.

According to the filing, additional investors, referred to as the Additional Investors, joined the purchase agreement on the same date. They agreed to purchase an aggregate of 603,684 shares of Class A Common Stock in addition to the initial shares sold to the Initial Investors. The financing resulted in the issuance of a total of 3,955,790 shares, known as the First Closing PIPE shares, for an aggregate purchase price of $37,580,005.00.

Investors now have the option to purchase up to an additional 3,955,790 shares of Class A Common Stock, known as the Second Closing PIPE Shares, for a purchase price of up to $37,580,005.00. The Second Closing is subject to each investor’s discretion and is set to occur on or before December 20, 2024. Any unsubscribed shares may be acquired by other investors on a pro rata basis.

As part of the agreement, the investors have agreed to a six-month lock-up period on the shares purchased to prevent sales for a specified time. Additionally, the company entered into a Registration Rights Agreement with the investors, entitling them to registration rights and ensuring the preparation and filing of a resale registration statement with the SEC.

The shares issued in the transactions are exempt from registration under the Securities Act of 1933, with investors representing their status as accredited investors. The agreement prohibits the sale of these shares in the United States unless registered or exempt from registration.

On October 28, 2024, Yellowstone Acquisition issued a press release regarding the Initial Closing. This disclosure is provided in Exhibit 99.1 of the 8-K filing. The company emphasizes that this information is furnished pursuant to Regulation FD Disclosure and should not be considered as filed or incorporated by reference for the purposes of the Securities Exchange Act of 1934.

For further details, the full 8-K filing and associated agreements can be accessed on the SEC’s website or through Yellowstone Acquisition’s investor relations page.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Yellowstone Acquisition’s 8K filing here.

Yellowstone Acquisition Company Profile

Yellowstone Acquisition Company does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Omaha, Nebraska.