STOCK TITAN

SKYX reports $25.3M stock issuance for Deako

(Neutral)
(Neutral)
Form Type
D

Rhea-AI Filing Summary

SKYX Platforms Corp. (SKYX) filed a Form D for an exempt offering of equity securities in connection with its acquisition of Deako, Inc. The offering relies on Rule 506(b) of Regulation D and is structured as stock consideration in a merger transaction rather than a cash capital raise.

The filing reports a total amount sold of $25,250,000, representing the aggregate value of 25,000,000 shares of SKYX common stock to be issued as merger consideration and 250,000 shares to be issued to a broker of the target. This is a new notice, with the first sale reported as occurring on September 9, 2026, and no remaining amount to be sold. The issuer declined to disclose its revenue range and reports no finders’ fees.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing records $25,250,000 of stock consideration, but issuance of the 25,250,000 shares remains tied to merger closing.

The Form D records an agreement and plan of merger with Deako entered on 2026-09-09; upon closing, SKYX would issue 25,000,000 common shares as merger consideration and 250,000 shares to the target’s broker, increasing the share count for existing holders.

Although the notice reports $25,250,000 as total amount sold, its transaction description says the shares will be issued upon closing, so the filing supports an agreed merger consideration rather than completed share issuance.

If issued, these additional shares would reduce existing holders’ percentage ownership absent offsetting changes.

The material milestone to monitor is closing of the Deako merger, because the filing ties issuance of the disclosed shares to that event.

Total Amount Sold $25,250,000 Aggregate value of equity securities in the exempt offering
Shares Issued as Merger Consideration 25,000,000 shares SKYX common stock to be issued for the acquisition of Deako, Inc.
Shares Issued to Broker 250,000 shares SKYX common stock to be issued to a broker of the target in connection with the merger
Exemption Claimed Rule 506(b) Regulation D exemption for the offering
Date of First Sale September 9, 2026 Initial sale date reported for the exempt offering
Total Remaining to be Sold $0 No additional securities reported remaining to be sold in the offering
Finders' Fees $0 Cash finders’ fees reported for the offering
Form D regulatory
"FORM D Notice of Exempt Offering of Securities"
Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.
Rule 506(b) regulatory
"X | Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D exemption regulatory
"if the issuer is claiming a Regulation D exemption for the offering"
merger consideration financial
"shares of issuer's common stock to be issued as merger consideration"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities""

FAQ

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

What is SKYX (SKYX) disclosing in this Form D filing?

SKYX Platforms Corp. is reporting an exempt offering of equity securities under Rule 506(b) of Regulation D, tied to its acquisition of Deako, Inc., where SKYX will issue common stock as part of the merger consideration.

How large is the SKYX (SKYX) equity issuance for the Deako acquisition?

The filing reports a total amount sold of $25,250,000, representing 25,000,000 shares of SKYX common stock as merger consideration and 250,000 shares issued to a broker of the target in connection with the merger.

Does SKYX (SKYX) report any remaining securities to be sold in this Form D?

No. The filing shows a Total Amount Sold of $25,250,000 and a Total Remaining to be Sold of $0, indicating the full planned amount tied to this offering has been allocated.

Are any finders’ fees reported in the SKYX (SKYX) Form D?

The Form D reports Finders' Fees of $0. However, it notes that 250,000 shares of SKYX common stock will be issued to a broker of the target in connection with the merger.

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

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Learn about SEC filing dates

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001598981
SQL Technologies Corp.
Safety Quick Lighting & Fans Corp.
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
SKYX Platforms Corp.
Jurisdiction of Incorporation/Organization
FLORIDA
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
SKYX Platforms Corp.
Street Address 1 Street Address 2
2855 W. MCNAB ROAD
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
POMPANO BEACH FLORIDA 33069 855-759-7584

3. Related Persons

Last Name First Name Middle Name
Sokolow Leonard J.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Executive Officer
Last Name First Name Middle Name
Kohen Rani R.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Executive Chairman
Last Name First Name Middle Name
Boisseau Marc-Andre
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Financial Officer
Last Name First Name Middle Name
Schmidt Steven M.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

President
Last Name First Name Middle Name
Barron Patricia
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Operations Officer
Last Name First Name Middle Name
DiMattia Nancy
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Golden Gary N.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Greenstein Brayer Efrat L.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Ridge Thomas J.
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Shiff Dov
Street Address 1 Street Address 2
2855 W. McNab Road
City State/Province/Country ZIP/PostalCode
Pompano Beach FLORIDA 33069
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
Real Estate
Commercial
Construction
REITS & Finance
Residential
Other Real Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
X Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
X Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2026-09-09 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes No

Clarification of Response (if Necessary):

Pursuant to an agreement and plan of merger entered into on September 9, 2026, upon closing, the issuer will issue shares of its common stock as partial consideration for the acquisition of Deako, Inc.

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number X None
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount $25,250,000 USD
or Indefinite
Total Amount Sold $25,250,000 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

Represents aggregate value of 25,000,000 shares of issuer's common stock to be issued as merger consideration and 250,000 shares to be issued to a broker of the target in connection with the merger.

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
3

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
SKYX Platforms Corp. /s/ Leonard J. Sokolow Leonard J. Sokolow Chief Executive Officer 2026-09-10

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


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