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Sky Harbour LLC and Yellowstone Acquisition Company announced a proposed business combination involving a forward purchase agreement for up to $70 million with Atalaya Capital Management. The agreement facilitates the sale and possible purchase of up to 7,000,000 shares of Yellowstone's Class A common stock. The business combination aims to provide Sky with public company status by January 25, 2022, under the new ticker symbols SKYH and SKYHWS.
Yellowstone Acquisition Company (NASDAQ: YSACU, YSAC, YSACW) announced that Boston Omaha Corporation will provide
Sky Harbour LLC (SHG) has entered into a business combination agreement with Yellowstone Acquisition Company (YSAC, YSACU, YSACW), allowing SHG to become publicly traded. The deal has an implied market value of approximately $777 million upon closing. Boston Omaha Corporation is providing $55 million in financing, contingent on SHG raising at least $80 million through a private activity bond offering. The transaction is expected to generate up to $238 million in gross proceeds, funding the completion of four initial airport hangar campuses across the U.S.
Yellowstone Acquisition Company (NASDAQ: YSACU, YSAC, YSACW) announced it will restate its 2020 financial statements due to new SEC guidelines regarding SPAC warrants. Previously classified as equity, the 6,799,449 public and 7,719,779 private warrants will now be treated as derivative liabilities, affecting the company's future earnings reports. This change is a non-cash charge but could impact the company's results of operations. The restatement will lead to non-reliance on prior financial statements, and a Form 10-Q filing delay has been announced as they finalize the necessary adjustments.
Yellowstone Acquisition Company (NASDAQ: YSACU, YSAC, YSACW) has filed a Form 12b-25 to extend its filing date for financial statements due to recent accounting changes for SPAC warrants. The extension allows more time to prepare restated audited financial statements for 2020, necessitated by SEC guidelines. The company intends to file its 10-Q for Q1 2021 following the 2020 restatement. Yellowstone had its IPO in October 2020, with no further restatements needed beyond 2020.
Yellowstone Acquisition Company (Nasdaq: YSACU) announced that starting December 8, 2020, holders of units from its initial public offering can separately trade Class A common stock and warrants. The units will continue to trade under YSACU, while separated Class A common stock and warrants will trade under YSAC and YSACW, respectively. This trading option provides greater flexibility for investors. The company is focused on mergers and business combinations in homebuilding and related sectors.
Yellowstone Acquisition Company (NASDAQ:YSACU) announced the closing of an additional sale of 1,098,898 units as part of the underwriters’ over-allotment option following its IPO. This brings the total units sold to 13,598,898, resulting in gross proceeds of approximately $135,988,980. BOC Yellowstone LLC, a subsidiary of Boston Omaha Corporation, has invested $7,744,779, acquiring shares and warrants. The units, which began trading on October 22, 2020, consist of Class A common stock and warrants. The offering was managed by Wells Fargo Securities.
Yellowstone Acquisition Company announced the successful closure of its initial public offering, selling 12,500,000 units at $10.00 each, yielding gross proceeds of $125,000,000. The shares began trading on NASDAQ under the symbol ‘YSACU’ on October 22, 2020. Each unit consists of one share of Class A common stock and a half warrant, which can be exercised to buy additional shares at $11.50. Underwriters have a 45-day option to purchase an additional 1,875,000 units for over-allotments.
Yellowstone Acquisition Company has announced the pricing of its initial public offering (IPO) of 12,500,000 units at $10.00 each, set to trade on NASDAQ under the symbol 'YSACU' starting October 22, 2020. Each unit comprises one share of Class A common stock and half a warrant. The IPO is expected to close on October 26, 2020, pending usual conditions. Wells Fargo Securities is the sole book runner, and there's a 45-day option for underwriters to purchase an additional 1,875,000 units. The registration statement was effective as of October 21, 2020.
