SKYX Platforms Corp. Files 8-K: Material Agreement & Equity Sales
Ticker: SKYX · Form: 8-K · Filed: Oct 7, 2024 · CIK: 1598981
| Field | Detail |
|---|---|
| Company | Skyx Platforms Corp. (SKYX) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $11.0 million, $2.00, $25.00, $2, $25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
SKYX Platforms Corp. filed an 8-K detailing a new material agreement and equity sales.
AI Summary
On October 4, 2024, SKYX Platforms Corp. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on October 7, 2024.
Why It Matters
This 8-K filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce financial and operational risks that warrant investor attention.
Key Players & Entities
- SKYX Platforms Corp. (company) — Registrant
- October 4, 2024 (date) — Date of earliest event reported
- October 7, 2024 (date) — Filing date
- Florida (location) — State of incorporation
- 001-41276 (other) — SEC File Number
FAQ
What is the nature of the material definitive agreement entered into by SKYX Platforms Corp. on October 4, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary section of the 8-K.
What type of equity securities were sold by SKYX Platforms Corp. under the unregistered sales provision?
The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not elaborated upon in this section.
When was SKYX Platforms Corp. incorporated, and in which state?
SKYX Platforms Corp. was incorporated in Florida, as indicated by the filing.
What is the SEC file number for SKYX Platforms Corp.?
The SEC file number for SKYX Platforms Corp. is 001-41276.
What are the principal executive offices of SKYX Platforms Corp.?
The principal executive offices of SKYX Platforms Corp. are located at 2855 W. McNab Road, Pompano Beach, Florida 33069.
Filing Stats: 2,812 words · 11 min read · ~9 pages · Grade level 14.7 · Accepted 2024-10-07 09:25:11
Key Financial Figures
- $11.0 million — total gross proceeds to the Company of $11.0 million which preferred stock may be converted
- $2.00 — shares of the Company's common stock at $2.00 per share and bears an 8% annual divide
- $25.00 — eferred Stock"), at a purchase price of $25.00 per share. The Series A Purchase Agreem
- $2 — n initial conversion price per share of $2.00, subject to price protection up to a
- $25 — t a redemption price per share equal to $25.00, plus all accrued and unpaid dividen
Filing Documents
- form8-k.htm (8-K) — 60KB
- ex10-1.htm (EX-10.1) — 309KB
- ex10-2.htm (EX-10.2) — 314KB
- 0001493152-24-039660.txt ( ) — 979KB
- skyx-20241004.xsd (EX-101.SCH) — 3KB
- skyx-20241004_lab.xml (EX-101.LAB) — 33KB
- skyx-20241004_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 7, 2024 By: /s/ Leonard J. Sokolow Name: Leonard J. Sokolow Title: Co-Chief Executive Officer