SKYX Platforms Corp. 8-K

What Happened

• SKYX Platforms Corp (SKYX) announced it signed and closed Securities Purchase Agreements on December 30, 2025, raising gross proceeds of $500,000 from an existing and a new strategic investor.
• The investors bought 20,000 shares of the Company’s Series A-2 Preferred Stock at $25.00 per share (no price protection). The Purchase Agreements include customary representations, indemnities and certain registration rights.
• Separately, effective December 23, 2025, the Company amended its Certificate of Designation to increase the number of authorized Series A-2 Preferred shares from 40,000 to 160,000.

Key Details

• Gross proceeds: $500,000.
• Shares sold: 20,000 Series A-2 Preferred Stock at $25.00 per share.
• Amendment effective: December 23, 2025 — Series A-2 designation increased from 40,000 to 160,000 shares.
• Securities were sold in a private placement (unregistered) and purchasers received certain registration rights per the Purchase Agreements.

Why It Matters

• This financing provides immediate working capital and general corporate funds ($500K) to the company.
• Increasing the authorized Series A-2 shares (to 160,000) gives SKYX more capacity to issue additional preferred shares in future financings, which can dilute existing equity holders if further issued.
• The Purchase Agreements’ registration rights mean investors may be able to require the company to register the shares for resale in the future, which can affect liquidity for those holders.
• Retail investors should watch for further disclosures (e.g., registration filings or additional issuances) that could affect the company’s capitalization and ownership structure.