SKYX Closes $25 Million Common Stock Investment at $2.50 per Share from Leading Fundamental Institutional Investor

SKYX Platforms Corp. (NASDAQ: SKYX) announced that it has closed a $25 million common stock investment at $2.50 per share from one fundamental institutional investor. The financing adds incremental balance sheet strength and provides additional liquidity as the company continues to execute on its operating and capital allocation priorities.
The transaction was completed through a registered direct offering of common stock, with SKYX issuing 10 million shares at a purchase price of $2.50 per share. The offering was completed with no warrants, limiting incremental dilution. Gross proceeds totaled $25 million, with net proceeds expected to be approximately $23 million after fees and expenses.
According to the company, net proceeds will be used for working capital and general corporate purposes. The financing follows recent capital activity, including a $4 million strategic placement from Philotimo Fund, LP at $2.00 per share with no warrants, as well as prior commitments totaling approximately $9.5 million from leading investors, bringing total recent inflows to support ongoing growth.
Roth Capital Partners acted as the exclusive placement agent for the offering.
The offering was conducted pursuant to an effective shelf registration statement on Form S-3 previously filed with and declared effective by the U.S. Securities and Exchange Commission. A final prospectus supplement related to the transaction has been filed with the SEC and is available through public filings.
Management indicated that the investment bolsters liquidity to advance commercialization efforts, building on recent milestones such as the U.S. retail launch at Lowe’s and sequential revenue growth, as the company pursues its longer-term strategy.
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