SKYX Announces Closing of $25 Million in Funding via Offering of Common Stock at $2.50 per share from One Fundamental Institutional Investor
Rhea-AI Summary
SKYX Platforms Corp (NASDAQ: SKYX) announced on January 27, 2026 that it closed a registered direct offering raising $25.0 million from one fundamental institutional investor.
The company issued 10.0 million shares of common stock at $2.50 per share with no warrants. Net proceeds are intended for working capital and general corporate purposes. Roth Capital Partners acted as exclusive placement agent.
The offering was made under a shelf registration on Form S-3 (File No. 333-271698) filed May 5, 2023 and declared effective May 12, 2023; the final prospectus supplement was filed with the SEC.
Positive
- $25.0 million in gross proceeds secured from one institutional investor
- Raised capital via common stock issuance with no warrants, limiting warrant dilution
Negative
- Issued 10.0 million new shares, which will dilute existing shareholders
- Use of proceeds limited to working capital and general corporate purposes with no earmarked revenue-driving projects
News Market Reaction – SKYX
On the day this news was published, SKYX declined 3.65%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.6% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $13M from the company's valuation, bringing the market cap to $343M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Several peers in Electrical Equipment & Parts also showed declines, e.g., NEOV -20.69%, NVX -4.27%, ULBI -4.11%, but the momentum scanner did not flag a coordinated sector move.
Previous Offering Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 23 | Equity offering | Negative | -6.1% | Priced $25M registered direct offering at $2.50 with 10M shares. |
The prior registered direct equity offering tagged as “offering” led to a negative price reaction, indicating dilution headlines have previously coincided with share price pressure.
Recent SKYX news combined strategic growth steps with equity capital raises. On Jan 23, 2026, the company priced a registered direct equity offering of 10,000,000 shares at $2.50, targeting $25.0 million in gross proceeds for working capital and general corporate purposes, and the stock moved about -6.07% over 24 hours. Today’s closing announcement finalizes that transaction, following the same terms and investor structure previously disclosed.
Historical Comparison
In the past 6 months, SKYX had 1 prior “offering” event with an average move of 6.07% in magnitude; today’s equity funding close is similar in size and terms.
This announcement marks the closing of the same $25.0 million registered direct offering at $2.50 per share that was priced on Jan 23, 2026, moving the capital raise from agreement to completion.
Regulatory & Risk Context
An effective Form S-3 resale shelf covers up to 3,350,000 common shares for existing investors, including 750,000 shares issuable on conversion of 60,000 Series A-2 Preferred, an estimated 600,000 dividend shares, and 2,000,000 private placement shares at $2.00. The company receives no proceeds from these resales, while the preferred’s 8% dividend and senior ranking could dilute common holders upon conversion.
Market Pulse Summary
This announcement finalizes a previously priced registered direct offering, delivering $25.0 million in gross proceeds at $2.50 per share from a single institutional investor and issuing 10,000,000 new shares. It follows recent filings under an effective Form S-3 and complements earlier private capital raises. Investors may watch how added liquidity supports growth plans against dilution from new shares and existing registered resale stock.
Key Terms
registered direct offering financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
placement agent financial
AI-generated analysis. Not financial advice.
MIAMI, Jan. 27, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform plug & play technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today announced that it has closed
Under the terms of the securities purchase agreement, the Company issued, for an aggregate purchase price of
Roth Capital Partners acted as the exclusive placement agent for the offering.
The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-271698), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 5, 2023, and declared effective on May 12, 2023. The final prospectus supplement and accompanying prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained on the SEC’s website at www.sec.gov or by contacting Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660 or by email at rothecm@roth.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
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 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, please visit our website at http://skyx.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 use of the net proceeds from the offering in a manner that will increase the value of shareholders’ investment; 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 announce on January 27, 2026?
How will SKYX (NASDAQ: SKYX) use the $25 million raised?
Did the SKYX offering include warrants or other convertible securities?
Who acted as placement agent for SKYX's offering and where is the prospectus filed?
How many shares did SKYX issue in the January 27, 2026 offering?
