[SCHEDULE 13G/A] SKYX Platforms Corp. SEC Filing
Rhea-AI Filing Summary
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.
Positive
- Public disclosure of a 5.5% beneficial stake provides transparency to investors
- Sole voting and dispositive power is clearly stated, clarifying control over the reported shares
- Certification included that shares were not acquired to change or influence control
Negative
- None.
Insights
TL;DR: A single entity holds a disclosed 5.5% stake with full voting and dispositive power, a non-controlling but noticeable position.
The disclosure indicates Motek 7 SQL LLC beneficially owns 6,118,004 shares (5.5%). For investors, a >5% stake is material because it must be publicly reported and can signal concentrated ownership without implying control. The filing explicitly states sole voting and dispositive power for all reported shares and includes the certification that the shares were not acquired to effect a change in control. No transactions, purchase prices, or timing details are provided, so further market-impact interpretation is limited by available facts.
TL;DR: Disclosure complies with Schedule 13G reporting standards and shows no group affiliation or control intent.
The statement classifies the filer as an individual reporting person (OO) with no group members and includes the standard certification that the holdings are not intended to change or influence control. The filing lists sole voting and dispositive authority, which is important for governance transparency. There are no indications of coordinated action or of an intent to seek board representation based on the information provided. Absence of additional related-party or transaction details limits further governance conclusions.