SKYX Announces $4 Million Strategic Investment from Philotimo Fund, LP, Investor in Growing Small-Cap Companies, at $2.00 Per Share in Straight Common with No Warrants
Rhea-AI Summary
SKYX (NASDAQ: SKYX) closed a $4.0 million equity investment from Philotimo Fund, LP at $2.00 per share in straight common stock with no warrants (2,000,000 shares). This new investor joins long‑term and strategic holders and brings recent funding to approximately $14.0 million raised over the past three months. Proceeds are intended to strengthen the balance sheet, support growth across commercial, retail and smart home platforms, and aid the company’s path to becoming cash flow positive.
Positive
- Raised $4.0M from Philotimo Fund at $2.00/share
- Total recent funding of approximately $14.0M in three months
- New institutional investor adds strategic long‑term capital support
- Proceeds intended to support path to cash flow positive
Negative
- Issued 2,000,000 new common shares, creating potential dilution
- Funding via equity may dilute existing shareholders' ownership
News Market Reaction
On the day this news was published, SKYX gained 2.29%, reflecting a moderate positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $6M to the company's valuation, bringing the market cap to $273M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SKYX fell 1.36% while key peers like NEOV (-2.9% spot, -9.7% momentum scan) and NVX (-1.4%) were also down, but only 1 peer appeared on the momentum scanner and sector_momentum was flagged as non‑broad, indicating this move is more company‑specific than a sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 12 | Smart-home contract | Positive | +8.3% | New luxury smart-home community deployment in North Carolina with >10,000 units. |
| Jan 08 | AI collaboration | Positive | -5.3% | Collaboration with NVIDIA Connect Program for AI-enabled smart ceiling platform. |
| Jan 05 | Corporate update | Positive | -1.7% | Update on $9.5M new investment, cash position, and large deployment pipeline. |
| Dec 18 | Retail launch Target | Positive | +4.5% | Launch of SKYFAN & Turbo Heater at Target with winter rollout plans. |
| Dec 03 | E-commerce launch | Positive | +11.7% | E-commerce launch of SKYFAN & Turbo Heater targeting residential and commercial users. |
Across the last five positive operational and financing updates, SKYX showed mixed reactions: 3 aligned with positive price moves, while 2 saw declines despite constructive news.
Over the past few months, SKYX has combined product launches, strategic partnerships, and balance sheet actions. Retail rollout of the SKYFAN & Turbo Heater on e‑commerce and at Target in Q4 2025–Q1 2026 drew strong positive reactions of 11.71% and 4.55%. A corporate update on Jan 5, 2026 highlighted $9.5M in new investment and ongoing deployments, followed by smart‑home project and NVIDIA AI collaboration news with mixed price responses. Today’s new $4M strategic investment extends this recent funding and growth narrative.
Regulatory & Risk Context
An amended shelf registration filed on 2025-10-24 covers the resale of up to 14,719,841 shares of common stock by selling securityholders, largely tied to conversion of $15.6 million of subordinated secured convertible notes at $1.20 per share. The company stated it will not receive proceeds from these resales, and the amendment included language for automatic effectiveness 20 days after filing. A related 424B3 prospectus on 2025-11-14 reflects usage of this shelf.
Market Pulse Summary
This announcement adds a new $4 million strategic equity investment at $2.00 per share, bringing recent funding to about $14 million over three months from institutional and long‑term holders. It extends a trend of balance sheet strengthening alongside commercialization and AI‑driven platform initiatives. In context of prior note financings and registered resales, investors may track how incremental capital supports the path toward cash‑flow positivity and execution on commercial, retail, and smart‑home deployments.
Key Terms
warrants financial
common stock financial
ai ecosystem technical
AI-generated analysis. Not financial advice.
Investment Brings a Total of
MIAMI, Jan. 14, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 issued and pending patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe, advanced and smart as the new standard, today announced that it has closed a
The investment was completed at
With this new investment, SKYX has now raised approximately
The new investor is a growth-focused fund known for building long-term positions in companies with differentiated growth platforms, scalable business models, and large addressable markets.
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said; “We believe this investment further validates our strategy, execution, and momentum. With expanding retail distribution, increasing commercial deployments, and the continued build-out of our AI ecosystem, we are well positioned for our next phase of growth in 2026 and beyond, as we continue to build what we believe is the future standard for smart, safe, and advanced homes and buildings.”
Leonard Sokolow, CEO of SKYX Platforms, added; “We are pleased to welcome a new long-term strategic investor to SKYX. This investment reflects increasing institutional recognition of our platform vision, technology leadership, and the significant global opportunity ahead of us.”
To view SKYX's Technologies demo video Click Here.
About SKYX Platforms Corp.
SKYX Platforms Corp. (NASDAQ: SKYX) is a technology platform company focused on making homes and buildings safe, advanced, and smart as the new standard. As electricity is present in every home and building, SKYX is developing disruptive plug & play technologies designed to modernize traditional electrical infrastructure while improving safety, functionality, and ease of use.
The Company holds over 100 issued and pending U.S. and global patents and owns more than 60 lighting and home décor websites serving both retail and professional markets. SKYX’s platform emphasizes high-quality design, simplicity, and enhanced safety, with applications intended for every room in residential, commercial, hospitality, and institutional buildings worldwide.
SKYX’s technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions. The Company follows a “razor-and-blades” model, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug & play smart home products, including lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. Its plug & play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days.
SKYX estimates its U.S. total addressable market at approximately
For more information, visit www.skyx.com or follow SKYX on LinkedIn.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Investor Relations Contact:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
FAQ
What did SKYX (SKYX) announce on January 14, 2026 regarding new funding?
How much total funding has SKYX (SKYX) raised in the past three months?
Who is the new investor in SKYX (SKYX) and what type of investor are they?
How many shares did SKYX (SKYX) issue in the Philotimo Fund financing and were warrants included?
What will SKYX (SKYX) use the new funds for?
Does the Philotimo Fund investment change SKYX's (SKYX) shareholder base?
