SKYX director Efrat L. Greenstein Brayer dies

The notice has no immediate effect on SKYX's Nasdaq listing, though the company must address board and audit committee requirements.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

SKYX Platforms Corp. reported that independent director Efrat L. Greenstein Brayer died on September 26, 2026. She served on the audit and compensation committees and chaired the nominating and corporate governance committee. After her death, SKYX notified Nasdaq that it no longer met the requirement for a majority-independent board or the requirement for an audit committee of at least three members.

Nasdaq notified SKYX of a cure period ending at the earlier of its next annual meeting or September 26, 2027. If that meeting is held before March 25, 2027, SKYX must evidence compliance no later than March 25, 2027. SKYX intends to take action to regain compliance, but said there can be no assurance it will do so within the applicable period. The notice has no immediate effect on its Nasdaq listing, subject to compliance with listing rules.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance works How Sentiment works

0 major · 1 point

How the balance works

Positive

None.

Negative

Moderate pointTwo Nasdaq governance requirements are currently unmet.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Key Figures

Minimum audit committee size: 3 members Cure-period outer date: September 26, 2027 Conditional compliance deadline: March 25, 2027

3 metrics

Minimum audit committee size 3 members Nasdaq listing requirement

Cure-period outer date September 26, 2027 The cure period ends at the earlier of this date or SKYX's next annual meeting

Conditional compliance deadline March 25, 2027 Applies if SKYX's next annual meeting is held before this date

Key Terms

cure period, independent directors, audit committee

3 terms

cure period regulatory

"entitled to a cure period to regain compliance"

A cure period is a set amount of time given to a borrower, counterparty, or contracting party to fix a missed payment, breach, or other problem before more serious consequences—like penalties, higher interest, or contract termination—kick in. For investors, it matters because it creates a short grace window that can prevent immediate losses and influence the timing and likelihood of recovery; think of it like a few extra days to pay a bill before a service is cut off.

independent directors regulatory

"a majority of the Company's Board consist of independent directors"

Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.

audit committee regulatory

"the Company's audit committee consist of at least three members"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

FAQ

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

Why did SKYX lose compliance with Nasdaq governance rules?

After independent director Efrat L. Greenstein Brayer died on September 26, 2026, SKYX said it no longer met Nasdaq's majority-independent-board requirement or the requirement for an audit committee with at least three members. She served on the audit committee and chaired the nominating and corporate governance committee.

What is SKYX's deadline to regain Nasdaq compliance?

Nasdaq's cure period ends at the earlier of SKYX's next annual meeting or September 26, 2027. If that meeting is held before March 25, 2027, SKYX must evidence compliance no later than March 25, 2027.

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

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Available on EDGAR 10/01/2026 - 05:16 PM Accepted by SEC EDGAR 10/01/2026 - 05:15 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 28, 2026

SKYX PLATFORMS CORP.

(Exact name of Registrant as Specified in its Charter)

Florida

001-41276

46-3645414

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

2855 W. McNab Road

Pompano Beach, Florida 33069

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (855) 759-7584

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, no par value per share		SKYX		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 26, 2026, Efrat L. Greenstein Brayer, an independent member of the Board of Directors (the “Board”) of SKYX Platforms Corp. (the “Company”), passed away. Ms. Greenstein Brayer was a member of the audit committee and the compensation committee and the chair of the nominating and corporate governance committee of the Board. Ms. Greenstein Brayer was a highly respected member of the Board, and the Board and management are deeply saddened by her passing.

On September 28, 2026, the Company notified The Nasdaq Stock Market LLC (“Nasdaq”) that, due to Ms. Greenstein Brayer’s passing, the Company was no longer in compliance with Nasdaq Listing Rule 5605(b)(1), requiring that a majority of the Company’s Board consist of independent directors, and Nasdaq Listing Rule 5605(c)(2)(A), requiring that the Company’s audit committee consist of at least three members.

On September 30, 2026, the Company received a letter from Nasdaq notifying the Company of the available cure period. Pursuant to Nasdaq Listing Rule 5605(b)(1)(A) and 5605(c)(4)(B), the Company is entitled to a cure period to regain compliance with Nasdaq Listing Rules 5605(b)(1) and 5605(c)(2)(A), which cure period will expire upon the earlier of the Company’s next annual meeting of stockholders or September 26, 2027; provided, however, that if the next annual meeting of stockholders is held before March 25, 2027, then the Company must evidence compliance no later than March 25, 2027.

The Company intends to take sufficient actions to regain compliance with the foregoing Nasdaq governance requirements on or before the expiration of the applicable cure periods provided in the Nasdaq Listing Rules. However, there can be no assurance that Company will be able to regain compliance with the applicable Nasdaq Listing Rules set forth above within the required cure period.

The foregoing has no immediate effect on the Company’s Nasdaq listing, subject to compliance with the listing rules.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SKYX PLATFORMS CORP.

Date: October 1, 2026	By:	/s/ Leonard J. Sokolow
	Name:	Leonard J. Sokolow
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents