SKYX Platforms Corp. Files 8-K on Definitive Agreement & Equity Sales
Ticker: SKYX · Form: 8-K · Filed: Apr 17, 2024 · CIK: 1598981
| Field | Detail |
|---|---|
| Company | Skyx Platforms Corp. (SKYX) |
| Form Type | 8-K |
| Filed Date | Apr 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.4 million, $400,000, $1.0 million, $1.07 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
SKYX Platforms Corp. just dropped an 8-K detailing a new material agreement and equity sales. Big moves ahead.
AI Summary
On April 11, 2024, SKYX Platforms Corp. entered into a material definitive agreement, creating a direct financial obligation. The company also reported unregistered sales of equity securities. This filing details these significant financial and corporate events for SKYX Platforms Corp.
Why It Matters
This 8-K filing indicates new financial obligations and equity transactions for SKYX Platforms Corp., which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered equity sales, which can introduce financial obligations and potential dilution, warranting a medium risk assessment.
Key Players & Entities
- SKYX Platforms Corp. (company) — Registrant
- April 11, 2024 (date) — Date of earliest event reported
- Florida (jurisdiction) — State of incorporation
- 001-41276 (identifier) — Commission File Number
- 46-3645414 (identifier) — IRS Employer Identification No.
FAQ
What type of material definitive agreement did SKYX Platforms Corp. enter into?
The filing states that SKYX Platforms Corp. entered into a material definitive agreement, creating a direct financial obligation, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 11, 2024.
What other significant event is reported in this filing besides the material agreement?
The filing also reports on the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, and unregistered sales of equity securities.
In which state is SKYX Platforms Corp. incorporated?
SKYX Platforms Corp. is incorporated in Florida.
What is the Commission File Number for SKYX Platforms Corp.?
The Commission File Number for SKYX Platforms Corp. is 001-41276.
Filing Stats: 863 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-04-17 17:10:29
Key Financial Figures
- $1.4 million — p. (the "Company") reduced a payment of $1.4 million due to GE Trademark Licensing, Inc. ("G
- $400,000 — Trademark Licensing, Inc. ("GE-TL") by $400,000, in exchange for a 3-year no interest b
- $1.0 million — bearing convertible promissory note of $1.0 million (the "Note") to GE-TL, with a conversio
- $1.07 — ") to GE-TL, with a conversion price of $1.07 per share. The Note was signed on April
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex4-1.htm (EX-4.1) — 67KB
- ex10-1.htm (EX-10.1) — 18KB
- ex10-1_001.jpg (GRAPHIC) — 7KB
- 0001493152-24-015053.txt ( ) — 322KB
- skyx-20240411.xsd (EX-101.SCH) — 3KB
- skyx-20240411_lab.xml (EX-101.LAB) — 34KB
- skyx-20240411_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SKYX PLATFORMS CORP. Date: April 17, 2024 By: /s/ Leonard J. Sokolow Name: Leonard J. Sokolow Title: Co-Chief Executive Officer