SKYX Platforms SEC Filings

Securities reporting shows Steven Mark Schmidt, President and director of SKYX Platforms Corp. (SKYX), reported transactions dated 09/30/2025. He directed the issuer to withhold 5,930 common shares to satisfy tax withholding on vested restricted stock units, reducing his direct common stock by that amount to 484,418 shares held following the transaction. The filing also discloses outstanding derivative holdings: 100,000 options at $12.00 (exercisable 06/01/2026), 250,000 options at $0.90 (expiring 09/15/2029), and 100,000 options at $1.09 (expiring 12/15/2029). He also holds conversion rights to Preferred A-1 convertible into 416,667 common shares and 210,000 RSUs with specified vesting schedules.

SKYX Platforms Corp. filed a Form D disclosing a completed Regulation D offering of a $6.0 million aggregate principal convertible promissory note and the common stock issuable on conversion. The offering was conducted under Rule 506(b) with a reported total sold of $6,000,000 and . The issuer lists its principal place of business in Pompano Beach, Florida. The filing reports one investor to date, no sales commissions or finders' fees, a minimum investment accepted of $0, and that the offering is not intended to last more than one year. The notice was signed by Leonard J. Sokolow, Co-Chief Executive Officer, on 2025-09-05.

This Amendment No. 5 to the Schedule 13D updates beneficial ownership for reporting persons related to SKYX Platforms Corp. The reporting group, including Dov Shiff, Shiff Group Investments Ltd., Shiff Group Assets Ltd. and DZDLUX s.a.r.l., beneficially owns in the aggregate 15,043,859 shares, representing approximately 13.5% of the 111,447,066 shares reported outstanding as of August 1, 2025. The filing discloses that Mr. Shiff holds options to purchase a total of 70,000 shares (67,917 exercisable within 60 days) with detailed exercise prices and expirations, and that Shiff Group Investments Ltd. holds a subordinated convertible promissory note convertible into 40,000 shares at $15.00 per share. No transactions were effected in the past 60 days. The amendment is filed solely to reflect the change in percentage ownership resulting from a change in the Company’s outstanding shares.

SKYX Platforms Corp. filed a Form D reporting a Regulation D, Rule 506(b) equity offering that raised a total of $153,493, all of which has been sold with $0 remaining. The filing states these shares represent common stock issuable to two service providers in exchange for services and that the minimum investment accepted was $0. The issuer identified two investors and indicated no sales commissions or finders' fees were paid. The offering was not intended to last more than one year and the issuer certified reliance on an exemption rather than a public registration.

Motek 7 SQL LLC reports beneficial ownership of 6,118,004 shares of SKYX Platforms Corp., representing 5.5% of the outstanding common stock. The filing states the reporting person has sole voting and dispositive power over all reported shares and that the shares were not acquired to change or influence control of the issuer. The registrant and reporting person are organized in Florida, and the reporting person's business address is listed as c/o Mansfield Bronstein, PA, Fort Lauderdale, FL. The filing identifies the security by CUSIP 78471E105 and the class as common stock.

SKYX Platforms Corp. reported consolidated revenue of $43,175,593 for the six months ended June 30, 2025, a 7% increase from the prior year, driven by higher unit sales of lighting and heating products and growing smart-product offerings. The company recorded a net loss of $17,879,057 for the six months, reflecting operating losses and increased interest and share-based compensation expense, and reported adjusted EBITDA of $(6,300,463) for the period.

The balance sheet shows $15.7 million of cash, including $2.86 million of restricted cash, total assets of $64.44 million and total liabilities of $58.75 million. Convertible notes total $15.59 million (debt principal $19.54 million; debt net of unamortized discount $16.62 million), and minimum operating lease obligations aggregate $21.59 million. Management discloses a working capital deficit of approximately $8.6 million and states there is substantial doubt about meeting obligations within one year absent financing or improved operating cash flow.

SKYX Platforms Corp. furnished a Current Report disclosing that it issued a press release announcing its financial results for the quarter ended June 30, 2025, and furnished that press release as Exhibit 99.1 to the report.

The filing states the exhibit and the information in Item 2.02 are being furnished under SEC rules and therefore are not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference in other filings except by specific reference. The report does not include the substance of the press release text or financial figures within the body of the filing.