Yellowstone Acquisition Enters Ground Lease Agreement with County of Mercer

Yellowstone Acquisition, a company operating through a wholly-owned subsidiary, has recently finalized a significant agreement. The company, operating as Sky Harbour Group Corporation, has entered into a ground lease agreement named the “TTN Lease” at Trenton-Mercer Airport with the County of Mercer in New Jersey. The lease covers approximately 10 acres of property at TTN and comes with a 30-year initial term from the earlier of the certificate of occupancy or 36 months from the lease commencement date. Lease payments are set to commence simultaneously with the term. Additionally, the agreement allows for a 20-year extension option following the initial term, with the company obligated to make minimum capital improvements of $30 million as part of the deal.

TTN, situated in Ewing Township, New Jersey, is owned and operated by the County of Mercer. The company’s move to secure this agreement at the airport signifies a strategic development for its future operations.

Furthermore, on December 19, 2024, Yellowstone Acquisition issued a press release, highlighting the execution of the TTN Lease. This press release serves as an official announcement of Sky Harbour Group Corporation’s latest business development. Notably, the company disclosed that the furnished press release is not an admission to the materiality of its contents but is intended to provide a summary alongside its regulatory obligations.

Notably, this move aligns with the company’s broader strategic initiatives and expansion plans, as detailed in their annual filings. Readers are advised to note the cautionary statement outlining forward-looking statements included in the press release, emphasizing the various risks and uncertainties that could influence actual outcomes compared to anticipated results, regardless of current expectations.

With its recent dealings and disclosures, Yellowstone Acquisition continues to position itself for growth and potential expansion in the market.

The exhibit attached to this report, Exhibit 99.1, includes a press release dated December 19, 2024, detailing Yellowstone Acquisition’s endeavors. The press release covers Primis Financial Corp.’s reauthorization of a stock repurchase program and compliance with Nasdaq listing rules. This additional information adds context to Yellowstone Acquisition’s recent activities in the financial markets.

The completion of this agreement and the consequent press release signal an important milestone for Yellowstone Acquisition, solidifying its presence in the industry and paving the way for potential future developments and strategic endeavors.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Yellowstone Acquisition’s 8K filing here.

Yellowstone Acquisition Company Profile

Yellowstone Acquisition Company does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Omaha, Nebraska.