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Note 18 - Subsequent Events
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 18.     SUBSEQUENT EVENTS

 

Subsequent to September 30, 2024, Boston Omaha Broadband borrowed $3,500,000 pursuant to the Credit Agreement established with First National Bank of Omaha established during the third quarter of fiscal 2024.

 

On October 25, 2024, Sky Harbour completed the initial closing of its previously-announced equity raise, issuing 3,955,790 PIPE shares of its Class A Common stock to investors with whom it had previously entered into a securities purchase agreement, for an aggregate purchase price of $37,580,005. The investors have the option to purchase up to an aggregate of 3,955,790 additional shares of Class A Common Stock in a second closing to occur on or before December 20, 2024, for an aggregate purchase price of up to $37,580,005. The amount of the second closing shares, if any, to be issued will be determined by each investor, and the second closing will occur, if at all, at the sole discretion of the investors, on or before December 20, 2024, subject to customary closing conditions.