Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Sky Harbour Group Corporation (NYSE: SKYH) Announces $31.8 Million Equity Raise to Expand its Aviation Hangers

• America’s Car-Mart, Inc. (NASDAQ: CMRT) Announces Proposed $65 Million Underwritten Public Offering Of Common Stock

• Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) Closes CAD$65 Million Bought Deal Financing

Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangars across the U.S. The recently announced ~$31.8 million financing includes participation from investors like Altai Capital, Raga Partners, and Boulderado. The company aims to raise an additional ~$63 million through a PIPE financing, with a further $150 million in private debt expected in 2025. The total $240 million will fund phase 1 projects at 6-7 new airport campuses, adding 800,000 rentable square feet. Sky Harbour plans to secure eight more ground leases by 2025, expanding its portfolio to 22 airports. Ongoing discussions with debt providers are progressing as market conditions improve.

America’s Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. America’s Car-Mart operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. The ~$65,000,000 to $74,750,000 raise from the proposed offering will be used to repay a portion of the balance on its revolving credit facilities. Any remaining proceeds will be used for general corporate purposes.

Vizsla Silver Corp. has closed its CAD$65,000,000 bought deal financing, the funds will be allocated The net proceeds of the Offering are expected to be used to advance the exploration, drilling and development of the Company's Panuco Project, as well as for working capital and general corporate purposes. To date, Vizsla Silver has completed over 350,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.

Weekly Money Moves

Lead Investors

• REE Automotive: $45,350,000 | Automotive | Lead Investor: M&G Investments

• Capricor Therapeutics: $15,000,000 | Biotechnology | Lead Investor: Nippon Shinyaku

• BP: $1,000,000,000 | Energy | Lead Investor: Apollo

• SDIC Power Holdings: $986,443,449 | Energy | Lead Investor: National Council for Social Security Fund

• Ascent Resources Plc: $1,004,385 | Energy | Lead Investor: CB Energy VI

• AIMCo: $56,000,000 | Finance | Lead Investor: Sixth Street

• Lawson: $3,470,639,230 | Information Technology | Lead Investor: KDDI

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]