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.

Highlights

  •  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.

Disclaimer

This communication was produced by Prism MarketView, an affiliate of PCG Advisory Inc., (together “PCG”). PCG is an integrated investor relations, communications and strategic advisory firm. The information contained on this is ‘Paid Advertising’ for purposes of Section 17(b) of the Securities Act of 1933, as amended (together with the rules and regulations there under, the “Securities Act”). “PCG” and its affiliates are compensated by respective clients for publicizing information relating to its client’s securities. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy…

Read Full Disclaimer

Share This Article

 

About the Author

SKYX Platforms Makes Second Strategic Acquisition of 2023

Editor Prism MarketView