Sky Harbour Group LLC and Yellowstone Acquisition Company Announce Up to $70 Million Forward-Purchase Agreement in Connection with Proposed Business Combination

Sky Harbour LLC, which aims to address the shortage of private aviation hangars in many areas across the country by establishing a network of turnkey upscale business aviation hangar complexes, and Yellowstone Acquisition Company, a publicly traded special purpose acquisition company, announced that in connection with their proposed business combination, Yellowstone has entered into a forward purchase agreement for up to $70 million with an affiliate of Atalaya Capital Management LP, a privately held, SEC-registered alternative investment advisory firm that focuses primarily on private credit and special opportunities investments.

On Jan. 17, Yellowstone and ACM ARRT VII E LLC, entered into an agreement for an Equity Prepaid Forward Transaction.