SKYX Announces Closing of $25 Million in Funding via Offering of Common Stock at $2.50 per share from One Fundamental Institutional Investor

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.

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

Argus Jan 27 session

-3.65% close to close Open Argus

Details

News Market Reaction – SKYX

On Jan 27, the day this news came out, SKYX closed 3.65% below the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Key Figures

Gross proceeds: $25.0 million Offering price: $2.50 per share Shares issued: 10,000,000 shares +5 more

Gross proceeds

$25.0 million

Registered direct offering of common stock

Offering price

$2.50 per share

Price for new common shares in offering

Shares issued

10,000,000 shares

New common stock sold to institutional investor

Patents

over 100 pending and issued

Global smart home technology IP portfolio

Websites

60 lighting and home décor sites

Company-owned e-commerce and web presence

Form S-3 file date

May 5, 2023

Shelf registration statement filing date

Form S-3 effective

May 12, 2023

Effective date of shelf registration

File number

333-271698

Shelf registration statement identifier

Previous Offering Reports

1 past event · Latest: Jan 23

Same Type 1 event

1. Jan 23

   Equity offering

   24h Move

   -6.1%

   Priced $25M registered direct offering at $2.50 with 10M shares.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, shelf registration statement, form s-3, prospectus supplement, +1 more

5 terms

registered direct offering financial

"closed $25 million in gross proceeds from one fundamental institutional investor via a registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

shelf registration statement regulatory

"The offering was made pursuant to a shelf registration statement on Form S-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"shelf registration statement on Form S-3 (File No. 333-271698), which was filed"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"The final prospectus supplement and accompanying prospectus relating to the offering was filed"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

placement agent financial

"Roth Capital Partners acted as the exclusive placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 $25 million in gross proceeds from one fundamental institutional investor via a registered direct offering of common stock at $2.50 per share with no warrants.

Under the terms of the securities purchase agreement, the Company issued, for an aggregate purchase price of $25 million, a total of 10 million shares of common stock, at a purchase price of $2.50 per share with no warrants. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

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 $500 billion, with more than 4.2 billion ceiling applications in the U.S. alone. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SKYX announce on January 27, 2026?

SKYX closed a registered direct offering raising $25.0 million by issuing 10.0 million common shares at $2.50 per share.

How will SKYX (NASDAQ: SKYX) use the $25 million raised?

The company intends to use the net proceeds for working capital and general corporate purposes.

Did the SKYX offering include warrants or other convertible securities?

No; the offering was completed at $2.50 per share with no warrants issued.

Who acted as placement agent for SKYX's offering and where is the prospectus filed?

Roth Capital Partners was the exclusive placement agent and the final prospectus supplement was filed with the SEC (see the SEC website).

How many shares did SKYX issue in the January 27, 2026 offering?

The company issued 10.0 million shares of common stock in the offering.