Harbor Diversified, Inc. (Harbor) has completed the disposition of all its aviation assets, including its membership interests in Air Wisconsin Airlines LLC, on January 9, 2026, for approximately $125.9 million. The company is now a non-operating holding company with no material operating assets or revenue from operations, primarily holding cash, cash equivalents, and marketable securities. For the three months ended September 30, 2025, total operating revenues were $0.9 million, a decrease of 98.3% compared to $53.6 million in the prior year period, resulting in a net loss of $5.1 million ($0.09 per share). For the nine months ended September 30, 2025, total operating revenues were $64.2 million, a decrease of 55.5% compared to $144.4 million in the prior year period, resulting in a net loss of $4.5 million ($0.08 per share). The significant revenue decline is attributed to the termination of the American Airlines capacity purchase agreement on April 3, 2025, and limited charter service operations. Operating expenses also decreased significantly due to the reduced operations, but ongoing corporate expenses and the evaluation of strategic alternatives are now the primary focus. The company has identified a material weakness in its internal control over financial reporting related to revenue recognition under past capacity purchase agreements, though this is no longer relevant to future operations due to the Aviation Disposition.