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

Jan. 19, 2022

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.