Yellowstone [NASDAQ: YSAC] Confirm $45M PIPE Subscription for Sky Business

Yellowstone Acquisition Company [NASDAQ: YSAC] disclosed that Boston Omaha Corporation, through its affiliate BOC YAC, LLC, has decided to offer $45 million of PIPE financing in line with the execution of the potential business merger with Sky Harbour LLC (Sky), in addition to the $55 million Series B investment that will convert to Class A common stock upon execution of the business merger.

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Boston Omaha is pledging $100 million in total to Sky for speeding up Sky’s business plan. The PIPE Financing will be offered through the acquisition of Yellowstone Class A common stock at a price of $10.00 per share immediately before the closing of the business merger. BOC YAC, LLC has completed a PIPE Subscription Agreement to offer the additional $45 million in equity financing.

Furthermore, in consideration of the investment, Sky has decided to relinquish the $150 million minimum financing condition which mandates that the Company offer cash profit of at least $150 million to Sky as a condition precedent to completing the business merger. In addition, Yellowstone has submitted an initial proxy statement to the U.S. SEC in line with the proposed business merger.

Moreover, Yellowstone will mail the definitive proxy statement and other relevant documents to its stockholders. This notice does not contain all information that should be deemed pertaining to the business merger. It is not meant to lay the groundwork for any investment decision or any other decision regarding the proposed business combination.