Brief: Sky Harbour LLC To Become A Public Co Through A Combination With Yellowstone Acquisition Co

Sky Harbour

02/08/2021 14:29

Aug 2 (Reuters) - Yellowstone Acquisition Co  YSAC.O :
    * 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:  ID:nBw9X1xYya 
Further company coverage:  YSAC.O 

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