SKYX Announces Additional $4 million in Recent Preferred Stock Funding Representing $2 Per Share from Strategic Investors in a Round Totaling $15 million Led by Global Marriott Hotels Chain Owner The Shaner Group
SKYX (NASDAQ: SKYX), a smart home platform technology company, has secured $4 million in recent funding through preferred stock sales at $2.00 per share. This investment is part of a larger $15 million funding round led by The Shaner Group, which owns and develops over 70 hotels worldwide. The funding round included significant participation from company insiders, including SKYX President Steve Schmidt and Co-CEOs Lenny Sokolow and John Campi. The company, which holds over 97 issued and pending patents globally and manages more than 60 lighting and home décor websites, will use the proceeds for general working capital and corporate purposes.
SKYX (NASDAQ: SKYX), una società tecnologica specializzata in piattaforme per la casa intelligente, ha raccolto 4 milioni di dollari attraverso la vendita di azioni privilegiate a 2,00 dollari per azione. Questo investimento fa parte di un più ampio round di finanziamento da 15 milioni di dollari guidato da The Shaner Group, proprietario e sviluppatore di oltre 70 hotel in tutto il mondo. Il round ha visto una significativa partecipazione da parte degli insider dell’azienda, tra cui il presidente di SKYX Steve Schmidt e i co-CEO Lenny Sokolow e John Campi. La società, che detiene oltre 97 brevetti concessi e in attesa a livello globale e gestisce più di 60 siti web dedicati all’illuminazione e all’arredamento per la casa, utilizzerà i fondi per il capitale circolante generale e scopi aziendali.
SKYX (NASDAQ: SKYX), una empresa tecnológica de plataformas para hogares inteligentes, ha asegurado 4 millones de dólares recientemente mediante la venta de acciones preferentes a 2,00 dólares por acción. Esta inversión forma parte de una ronda de financiación mayor de 15 millones de dólares liderada por The Shaner Group, que posee y desarrolla más de 70 hoteles en todo el mundo. La ronda contó con una participación significativa de los directivos de la empresa, incluyendo al presidente de SKYX, Steve Schmidt, y a los co-CEOs Lenny Sokolow y John Campi. La compañía, que posee más de 97 patentes otorgadas y en trámite a nivel global y gestiona más de 60 sitios web de iluminación y decoración del hogar, utilizará los fondos para capital de trabajo general y fines corporativos.
SKYX (NASDAQ: SKYX)는 스마트 홈 플랫폼 기술 회사로서, 최근 주당 2.00달러에 우선주 판매를 통해 400만 달러의 자금을 확보했습니다. 이번 투자는 전 세계 70개 이상의 호텔을 소유 및 개발하는 The Shaner Group이 주도하는 총 1500만 달러 규모의 자금 조달 라운드의 일부입니다. 이번 라운드에는 SKYX 사장 Steve Schmidt와 공동 CEO인 Lenny Sokolow 및 John Campi 등 회사 내부 인사들도 상당히 참여했습니다. 전 세계적으로 97건 이상의 특허를 보유 및 출원 중이며 60개 이상의 조명 및 홈 데코 웹사이트를 운영하는 이 회사는 이번 자금을 일반 운영 자금과 기업 목적으로 사용할 예정입니다.
SKYX (NASDAQ : SKYX), une entreprise technologique spécialisée dans les plateformes pour maisons intelligentes, a obtenu récemment 4 millions de dollars grâce à la vente d'actions privilégiées à 2,00 dollars par action. Cet investissement fait partie d'une levée de fonds plus importante de 15 millions de dollars menée par The Shaner Group, qui possède et développe plus de 70 hôtels dans le monde. La levée a bénéficié d'une participation significative des dirigeants de l'entreprise, dont le président de SKYX Steve Schmidt et les co-CEO Lenny Sokolow et John Campi. La société, qui détient plus de 97 brevets délivrés et en attente au niveau mondial et gère plus de 60 sites web dédiés à l'éclairage et à la décoration intérieure, utilisera les fonds pour le fonds de roulement général et des fins corporatives.
SKYX (NASDAQ: SKYX), ein Technologieunternehmen für Smart-Home-Plattformen, hat kürzlich 4 Millionen US-Dollar durch den Verkauf von Vorzugsaktien zu 2,00 US-Dollar pro Aktie erhalten. Diese Investition ist Teil einer größeren Finanzierungsrunde über 15 Millionen US-Dollar, die von The Shaner Group geleitet wird, einem Unternehmen, das weltweit über 70 Hotels besitzt und entwickelt. An der Finanzierungsrunde nahmen auch bedeutende Insider des Unternehmens teil, darunter SKYX-Präsident Steve Schmidt sowie die Co-CEOs Lenny Sokolow und John Campi. Das Unternehmen, das weltweit über 97 erteilte und anhängige Patente hält und mehr als 60 Websites für Beleuchtung und Wohnkultur betreibt, wird die Mittel für das allgemeine Betriebskapital und Unternehmenszwecke verwenden.
- Secured $4 million in new funding at $2.00 per share through preferred stock
- Part of a larger $15 million funding round led by strategic investor The Shaner Group
- Strong insider participation in funding round demonstrates management confidence
- Extensive intellectual property portfolio with 97 patents globally
- Dilution of existing shareholders through preferred stock issuance
- Need for additional working capital suggests cash flow concerns
MIAMI, May 13, 2025 (GLOBE NEWSWIRE) -- SKYX (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, announced today that it has secured approximately
The
Proceeds from the financing will be used for general working capital and corporate purposes.
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us 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
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