SKYX Platforms Corp. filings document the regulatory record for a Nasdaq-listed smart home and building technology company with common stock registered under the symbol SKYX. Current reports include furnished financial-results releases, material definitive agreements, securities purchase agreements, common stock issuances, and subordinated secured convertible promissory notes used to raise capital and restructure outstanding debt.
The company’s SEC filings also describe capital-structure terms such as conversion prices, interest provisions, maturity extensions, beneficial ownership limitations, and registration rights. Governance disclosures include executive succession matters, while material-event reports connect financing activity and operating-result announcements to SKYX’s commercialization of electrical fixture, lighting, fan, heating, and smart-platform products.
SKYX Platforms Corp. filed Amendment No. 1 to a shelf registration to register the resale of up to 14,719,841 shares of common stock by selling securityholders. The shares consist of up to 14,700,001 shares issuable upon conversion of $15.6 million of outstanding subordinated secured convertible notes at a $1.20 conversion price, plus any accrued and unpaid interest that may be paid in shares, and 19,840 shares issued or issuable in a private placement.
The company states it will not receive any proceeds from sales by selling securityholders and will bear registration expenses. The notes include beneficial ownership limits of 4.99% or 9.99% and a 19.99% cap on aggregate issuances under the related purchase agreements unless stockholder approval is obtained. An explanatory note indicates the amendment includes language under Rule 473(b) for automatic effectiveness 20 days after filing. SKYX trades on Nasdaq as “SKYX”; the closing price was $1.42 on October 22, 2025.
SKYX Platforms Corp. restructured its debt and raised new capital. The company extended the maturity of four outstanding convertible promissory notes with an aggregate principal balance of $7.6 million by five years to October 17, 2030, and secured $2 million of additional capital from an existing lead investor. Following these actions, the company will have a total of $9.6 million in five-year subordinated secured convertible promissory notes, comprised of a new $8.9 million note and amendments to two notes totaling $700,000. The incremental proceeds are designated for general working capital.
The notes are convertible at $1.20 per share, bear 7% interest payable quarterly in cash and an additional 3% payable quarterly in cash or stock upon repayment or conversion, for a total accrual of 10% per annum. The transaction includes customary registration rights and beneficial ownership limits that cap conversions at 4.99% or 9.99% at the holder’s election. The issuance and amendments were conducted as a private placement under Section 4(a)(2) and Regulation D Rule 506.
SKYX Platforms Corp. reported a planned leadership change under its succession and transition plan. Effective September 30, 2025, Co-Chief Executive Officer John Campi retired from his role. Leonard (Lenny) Sokolow, who had been serving as Co-CEO, will continue as the sole Chief Executive Officer of the company. Campi remains an investor, will continue as a shareholder, and may assist the company if needed, indicating an orderly transition rather than an abrupt departure.
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. is registering up to 5,519,840 shares of common stock for resale by existing securityholders. This includes up to 5,500,000 shares that may be issued upon conversion of a $6.0 million subordinated secured convertible note dated September 2, 2025 at a conversion price of $1.20 per share, plus up to 19,840 shares issued or issuable under an advisory agreement. The note accrues interest at 10% per year, with 8% payable in cash and 2% payable in cash or shares at the conversion price. SKYX will not receive any proceeds from sales of shares by the selling securityholders, though it will cover registration expenses. The note and related agreements include beneficial ownership limits of 4.99% or 9.99% and a 19.99% cap on shares issuable without stockholder approval. SKYX common stock trades on Nasdaq under the symbol “SKYX,” with a closing price of $1.18 on September 25, 2025.
SKYX Platforms Corp. restructured its debt and raised new capital by entering into a new subordinated secured convertible promissory note with a total principal of $6 million on September 2, 2025. This combines the extension of two existing notes and fresh investment from a lead existing investor.
The company extended the maturity of $2.75 million of existing convertible notes by five years to September 2, 2030 and obtained an additional $3.25 million for general working capital. The note bears total interest of 10% per year and is convertible at $1.20 per share, with conversion limited to keep the holder below 4.99% or 9.99% ownership, at the holder’s election.
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.