SKYX Platforms Corp. Faces Delisting Notice
Ticker: SKYX · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1598981
| Field | Detail |
|---|---|
| Company | Skyx Platforms Corp. (SKYX) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $1.00 m |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
SKYX might get delisted, check the exchange status.
AI Summary
SKYX Platforms Corp. filed an 8-K on October 4, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The filing indicates a potential transfer of listing, with the earliest event reported on October 2, 2024. The company, formerly known as SQL Technologies Corp. and Safety Quick Lighting & Fans Corp., is incorporated in Florida.
Why It Matters
This filing signals potential issues with SKYX Platforms Corp.'s continued listing on an exchange, which could impact its stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards indicates significant financial or operational distress, posing a substantial risk to investors.
Key Players & Entities
- SKYX Platforms Corp. (company) — Registrant
- October 2, 2024 (date) — Earliest event reported
- October 4, 2024 (date) — Filing date
- SQL Technologies Corp. (company) — Former company name
- Safety Quick Lighting & Fans Corp. (company) — Former company name
- Florida (location) — State of incorporation
FAQ
What specific listing rule or standard has SKYX Platforms Corp. failed to satisfy?
The filing does not specify the exact rule or standard that was not met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the expected timeline for the potential transfer of listing?
The filing does not provide a specific timeline for the potential transfer of listing.
What are the implications of a 'notice of delisting' for SKYX Platforms Corp. shareholders?
A delisting notice can lead to increased volatility, reduced liquidity for shares, and potential loss of investor confidence.
Has SKYX Platforms Corp. taken any steps to address the listing deficiency?
The provided text of the filing does not detail any specific actions taken by SKYX Platforms Corp. to address the deficiency.
What was the previous name of SKYX Platforms Corp. before its current name?
SKYX Platforms Corp. was formerly known as SQL Technologies Corp. and prior to that, Safety Quick Lighting & Fans Corp.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 13.7 · Accepted 2024-10-04 17:05:40
Key Financial Figures
- $1.00 — or the Company's common stock was below $1.00 per share for 30 consecutive business d
- $1.00 m — is currently not in compliance with the $1.00 minimum bid price requirement and was pro
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-039558.txt ( ) — 206KB
- skyx-20241002.xsd (EX-101.SCH) — 3KB
- skyx-20241002_lab.xml (EX-101.LAB) — 33KB
- skyx-20241002_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
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: October 4, 2024 By: /s/ Leonard J. Sokolow Name: Leonard J. Sokolow Title: Co-Chief Executive Officer