SKYX Announces Pricing of $25 Million Registered Direct Offering at $2.50 per share of Common Stock from One Fundamental Institutional Investor

SKYX (NASDAQ: SKYX) entered a securities purchase agreement with one fundamental institutional investor to raise $25.0 million via a registered direct offering.

Rhea-AI Summary

SKYX (NASDAQ: SKYX) entered a securities purchase agreement with one fundamental institutional investor to raise $25.0 million via a registered direct offering. The Company will issue 10.0 million shares of common stock at $2.50 per share with no warrants. Closing is subject to customary conditions and is expected on or about January 26, 2026. Net proceeds are intended for working capital and general corporate purposes. Roth Capital Partners is the exclusive placement agent. The offering uses an existing Form S-3 shelf registration declared effective May 12, 2023.

Positive

• $25.0M gross proceeds committed
• Offering uses an effective Form S-3 shelf (May 12, 2023)

Negative

• Issuance of 10.0M shares at $2.50 may dilute existing shareholders
• Closing is subject to customary conditions and may not occur on the expected date

Argus Jan 23 session

-6.07% close to close Open Argus

Details

News Market Reaction – SKYX

On Jan 23, the day this news came out, SKYX closed 6.07% below the previous close.

Data tracked by StockTitan Argus for the Jan 23 session.

Key Figures

Registered direct gross proceeds: $25 million Offering price: $2.50 per share Shares issued: 10,000,000 shares +5 more

Registered direct gross proceeds

$25 million

Common stock offering to one institutional investor

Offering price

$2.50 per share

Registered direct offering with no warrants

Shares issued

10,000,000 shares

Common stock in registered direct offering

Shelf resale shares

3,350,000 shares

Resale registration on Form S-3 for existing investors

Series A-2 conversion shares

750,000 shares

Issuable upon conversion of 60,000 Series A-2 Preferred shares

Estimated stock dividends

600,000 shares

Potential stock dividends on Series A-2 Preferred Stock

Private placement shares

2,000,000 shares

Issued in January 2026 private placement at $2.00 per share

Preferred dividend rate

8% annually

Series A-2 Preferred Stock dividend senior to common

Historical Context

5 past events · Latest: Jan 21

5 events

1. Jan 21

   Product launch retail

   24h Move

   +2.0%

   Launch of SKYFAN & TURBO HEATER at Lowes with Q1 2026 rollout.

2. Jan 14

   Strategic investment

   24h Move

   +2.3%

   $4M common equity investment at $2.00 per share with no warrants.

3. Jan 12

   Smart-home project win

   24h Move

   +8.3%

   Supply agreement for 140 luxury homes and over 10,000 smart devices.

4. Jan 08

   AI collaboration

   24h Move

   -5.3%

   Collaboration with NVIDIA Connect Program on AI-enabled smart home hub.

5. Jan 05

   Corporate update

   24h Move

   -1.7%

   Update on $9.5M recent investment, cash position, and deployment plans.

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, securities purchase agreement, shelf registration statement, form s-3, +4 more

8 terms

registered direct offering financial

"to raise $25 million of gross proceeds 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.

securities purchase agreement financial

"it has entered into a securities purchase agreement with one fundamental"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

shelf registration statement regulatory

"A shelf registration statement on Form S-3 (File No. 333-271698)"

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

"A shelf registration statement on Form S-3 (File No. 333-271698)"

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 offering is being made only by means of a prospectus supplement and"

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 is acting as the exclusive placement agent for"

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.

u.s. securities and exchange commission regulatory

"originally filed with the U.S. Securities and Exchange Commission (the “SEC”)"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

working capital financial

"use the net proceeds from the offering for working capital and general"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

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MIAMI, Jan. 23, 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 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 entered into a securities purchase agreement with one fundamental institutional investor to raise $25 million of gross proceeds via a registered direct offering.

Under the terms of the securities purchase agreement, the Company will issue, 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 closing of the offering is subject to customary closing conditions and is expected to close on or about January 26, 2026. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

Roth Capital Partners is acting as the exclusive placement agent for the offering.

A shelf registration statement on Form S-3 (File No. 333-271698) relating to the securities being offered was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 5, 2023 and declared effective on May 12, 2023. The offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement. The final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, 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 completion, size and timing of the offering, the Company’s intended use of proceeds from the offering, 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 is SKYX announcing in the January 23, 2026 offering (SKYX)?

SKYX agreed to sell 10.0 million shares at $2.50 per share to raise $25.0 million in a registered direct offering.

When is the SKYX registered direct offering expected to close (SKYX)?

The offering is expected to close on or about January 26, 2026, subject to customary closing conditions.

How will SKYX use the proceeds from the $25 million offering (SKYX)?

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

Who is the placement agent for SKYX's $25 million offering (SKYX)?

Roth Capital Partners is acting as the exclusive placement agent for the offering.

Are there any warrants included in SKYX's January 2026 offering (SKYX)?

No; the transaction involves only common stock and explicitly includes no warrants.

Where was the shelf registration for SKYX's offering filed and when did it become effective (SKYX)?

The offering relies on a Form S-3 shelf registration that was declared effective on May 12, 2023.