false 0001128281 0001128281 2025-03-04 2025-03-04
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): March 4, 2025
 
SAKER AVIATION SERVICES, INC.
(Exact name of registrant as specified in its charter)
 
Nevada
000-52593
87-0617649
(State of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
20 South Street, Pier 6 East River, New York, NY 10004
(Address of principal executive offices) (Zip Code)
 
(Registrant’s telephone number, including area code): (212) 776-4046
 
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
 
 
 
Item 1.01
Entry into a Material Definitive Agreement.
 
As previously disclosed, pursuant to an Interim Concession Agreement (the “Concession Agreement”) between Saker Aviation Services, Inc. (the “Company”) and the New York City Economic Development Corporation (“NYCEDC”), the Company has the exclusive right to operate as the fixed base operator for the Downtown Manhattan Heliport located at Pier 6 in Manhattan (the “Heliport”) until June 12, 2025, subject to early termination.
 
On March 4, 2025, the Company was notified by NYCEDC that NYCEDC will be terminating the Concession Agreement effective March 29, 2025. Pursuant to the termination the Company must vacate and cease use of the Heliport by March 29, 2025.
 
Operation of the Heliport is the Company’s only revenue generating business.
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: March 6, 2025
  
SAKER AVIATION SERVICES, INC.
  
       
       
 
By:
/s/ Wiliam B. Wachtel
  
   
William B. Wachtel
  
   
President and Chief Executive Officer
  
 
 
v3.25.0.1
Document And Entity Information
Mar. 04, 2025
Document Information [Line Items]  
Entity, Registrant Name SAKER AVIATION SERVICES, INC.
Document, Type 8-K
Document, Period End Date Mar. 04, 2025
Entity, Incorporation, State or Country Code NV
Entity, File Number 000-52593
Entity, Tax Identification Number 87-0617649
Entity, Address, Address Line One 20 South Street
Entity, Address, Address Line Two Pier 6 East River
Entity, Address, City or Town New York
Entity, Address, State or Province NY
Entity, Address, Postal Zip Code 10004
City Area Code 212
Local Phone Number 776-4046
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001128281
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