BRIEF-Sky Harbour LLC To Become A Public Co Through A Combination With Yellowstone Acquisition Co

Reuters2021-08-02

Aug 2 (Reuters) - Yellowstone Acquisition Co :

* SKY HARBOUR LLC, A DEVELOPER OF PRIVATE AVIATION INFRASTRUCTURE, TO BECOME A PUBLIC COMPANY THROUGH A COMBINATION WITH YELLOWSTONE ACQUISITION COMPANY

* YELLOWSTONE ACQUISITION CO - COMBINED COMPANY TO HAVE AN ESTIMATED POST-TRANSACTION EQUITY MARKET VALUE OF $777 MILLION

* YELLOWSTONE ACQUISITION - UPON CLOSING SHG WILL BECOME A PUBLICLY TRADED CO, AND IT IS EXPECTED THAT ITS COMMON STOCK WILL BE LISTED ON NASDAQ

* YELLOWSTONE ACQUISITION CO - TAL KEINAN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF SHG, WILL CONTINUE TO LEAD BUSINESS POST-TRANSACTION

* YELLOWSTONE ACQUISITION CO - COMBINED COMPANY EXPECTS TO RECEIVE UP TO $238 MILLION IN GROSS PROCEEDS

* YELLOWSTONE ACQUISITION CO - $55 MILLION INVESTMENT IN SHG TO BE MADE BY A WHOLLY OWNED SUBSIDIARY OF BOSTON OMAHA CORPORATION

* YELLOWSTONE ACQUISITION CO - BOSTON OMAHA CORPORATION HAS AGREED TO PROVIDE A BACKSTOP VALUED AT $45 MILLION WITH SKY HARBOUR DEAL

* YELLOWSTONE ACQUISITION CO - SHG'S EXISTING SHAREHOLDERS WILL HOLD ABOUT 58% OF ISSUED AND OUTSTANDING SHARES OF COMBINED CO'S COMMON STOCK

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment