Sky Harbour Group Corp 10-Q

ITEM 4. CONTROLS AND PROCEDURES   Evaluation of Disclosure Controls and Procedures   As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2022. Based on that evaluation, our CEO and CFO concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and is accumulated and communicated to our management, including our CEO and CFO, to allow timely decisions regarding required disclosure.   Changes in Internal Control over Financial Reporting   On January 25, 2022, SHG consummated the Yellowstone Transaction. The historical consolidated financial statements of Sky became the historical consolidated financial statements of the registrant. We are engaged in the process of design and implementation of our internal control over financial reporting in a manner commensurate with the scale of our operations subsequent to the Yellowstone Transaction, including the enhancement of our internal accounting resources and the implementation of additional closing procedures to strengthen our process and shorten its close cycle for financial reporting. Other than such changes related to this integration, there were no other changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15(d)-15(f) promulgated under the Securities Exchange Act of 1934, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.    25 Table of Contents   PART II – OTHER INFORMATION   ITEM 1. LEGAL PROCEEDINGS   The Company is not currently a party to any material legal proceedings.   ITEM 1A. RISK FACTORS   There have been no material changes in our risk factors from those disclosed in our 2021 Annual Report on Form 10-K.