4//SEC Filing
Campi John P. 4
Accession 0001493152-24-039663
CIK 0001598981other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 9:28 AM ET
Size
8.9 KB
Accession
0001493152-24-039663
Insider Transaction Report
Form 4
Campi John P.
Chief Executive Officer
Transactions
- Purchase
Series A-1 Preferred Stock
2024-10-04$25.00/sh+10,000$250,000→ 10,000 total→ Common Stock, no par value (125,000 underlying)
Holdings
Subordinated Convertible Promissory Note
Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value- 797,685
Common Stock, no par value
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]The Series A-1 Preferred Stock (the "Preferred Stock") has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an initial conversion price of $2.00 per share (or 12.5 shares of common stock for each share of Preferred Stock), subject to adjustment provisions (including certain anti-dilution provisions) and a minimum conversion price of $1.20 per share. Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0001627276
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 9:28 AM ET
- Size
- 8.9 KB