SKYX Platforms Makes Second Strategic Acquisition of 2023

Platform technology company, SKYX Platforms (Nasdaq: SKYX), has acquired Bailey Street Home, a $5 million revenue, profitable, strategic e-commerce private label lighting website.

The acquisition is in addition to the company’s February 2023 acquisition of Belami, Inc., a lighting and décor conglomerate with $86 million in revenues. The deal was funded by two of SKYX’s existing, leading investors.


  •  SKYX has paid $225,000 in cash for 50% of the e-commerce lighting website company.
  • The remaining 50% is owned by Belami, Inc., the strategic e-commerce company with 64 websites and $86 million in revenues that SKYX had signed an agreement to acquire last month.
  • These strategic acquisitions will provide professional and retail distribution channels as well as a marketing platform for SKYX’s Smart Plug & Play technologies for lighting and ceiling fan installations.

SKYX has developed a series of advanced-safe-smart platform technologies, and has over 60 U.S. and global patents and patent pending applications.


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SKYX Platforms Makes Second Strategic Acquisition of 2023

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