4//SEC Filing
Campi John P. 4
Accession 0001493152-24-012546
CIK 0001598981other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 5:53 PM ET
Size
11.4 KB
Accession
0001493152-24-012546
Insider Transaction Report
Form 4
Campi John P.
Chief Executive Officer
Transactions
- Disposition to Issuer
6.0% Subordinated Convertible Promissory Note
2024-03-29Exercise: $15.00Exp: 2023-11-10→ Common Stock, no par value - Award
Subordinated Convertible Promissory Note
2024-03-29Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value
Holdings
- 797,685
Common Stock, no par value
- 120,000
Stock Option (right to buy)
Exercise: $6.00From: 2020-12-31Exp: 2024-09-01→ Common Stock, no par value (120,000 underlying)
Footnotes (3)
- [F1]On March 29, 2024, the issuer and the reporting person entered into an amendment to the 6.0% subordinated convertible promissory note (the "Amendment") in order to, among other things, extend the maturity date of the note to May 16, 2025, increase the interest rate from 6.0% per annum to 10.0% per annum, effective as of January 1, 2024, and change the common stock conversion price from $15.00 per share to $3.00 per share. The Amendment is effective as of the original maturity date of the note and resulted in the cancellation of the "old" convertible note and the acquisition of a "new" convertible note. The issuer's Board of Directors approved the Amendment.
- [F2]Prior to the Amendment, the principal amount, plus any accrued and unpaid interest, was convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00 per share. Following the Amendment, the principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $3.00 per share.
- [F3]Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0001627276
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 5:53 PM ET
- Size
- 11.4 KB