SKYX News & Events

The company said, "Since reporting $13M in total cash, cash equivalents, restricted cash, and receivables as of September 30, 2025, the Company has raised over $33M in cash from fundamental institutions and existing investors, with a $25 million investment from one fundamental institution at $2.50 per share in straight common with no warrants. All investments were made with no warrants. In light of its strengthened balance sheet following recent capital raises, management believes the Company is well capitalized to execute its growth initiatives while progressing toward sustained cash-flow generation and profitability. Company has extended and converted $13.5M in notes coming due with maturity out to 5 years until 2030. SKYX will be launching a new AI driven software for its e-commerce platform of 60 websites, expected to increase its conversion rate and sales up to 30%. SKYX has successfully demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026. Marriott Hotel chain owner, The Shaner Group, led a $16.5M round. The Shaner Group is an owner and developer of more than 70 hotels worldwide. SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 and are expected to continue to grow. Company is expecting to secure additional significant business opportunities in 2026. SKYX continues its growth and expects to deploy over 100,000 of its products into homes/units during 2026 through retail and pro segments. SKYX's technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, subscriptions, and more. The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including in the U.S., Vietnam, Taiwan, China, and Cambodia."

SKYX Platforms (SKYX) will launch its newly patented all-in-one ceiling plug & play SKYFAN & TURBO HEATER at Walmart (WMT). Management anticipates significant growth in its Walmart business during 2026.

SKYX Platforms (SKYX) announced the launch of its newly patented all-in-one ceiling plug & play SKYFAN & Turbo Heater at Home Depot (HD), including a new dedicated SkyPlug branding page for SKYX's SKYFAN & Turbo Heater and its plug & play products on HomeDepot.com. The Home Depot Turbo Heater launch, including the launch of SKYX's new SkyPlug branding page on HomeDepot.com, is expected to support increased visibility, consumer education, and demand throughout fiscal year 2026, as the Company continues to grow its market penetration in both professional and retail segments.

SKYX Platforms has entered into a securities purchase agreement with one fundamental institutional investor to raise $25M of gross proceeds via a registered direct offering. Under the terms of the securities purchase agreement, the Company will issue, for an aggregate purchase price of $25M, a total of 10M shares of common stock, at a purchase price of $2.50 per share with no warrants. The closing of the offering is subject to customary closing conditions and is expected to close on or about January 26. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering.