Morrison & Foerster advised aviation infrastructure developer Sky Harbour LLC on its go-public merger with a special purpose acquisition company, the law firm said.
Sky Harbour and the SPAC, Yellowstone Acquisition Company, said they closed their tie-up on Jan. 25. The combined company changed its name to Sky Harbour Group Corp., and its shares began trading on the New York Stock Exchange on Jan. 26, according to a statement.
Sky Harbour says it aims to address a shortage of business aviation hangars in the U.S. by establishing a network of turnkey hangar complexes.
The two companies on Jan. 18 announced that, in connection with their merger, they’d entered a forward purchase agreement of up to $70 million with Atalaya Capital Management.
Sky Harbour and Yellowstone did not immediately respond to emails requesting comment.
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