SKYX settles $6.2M secured note with $2M cash and 574,713 shares; NBG in Ch.11

SKYX Platforms Corp.

Repaid $6.2M principal+interest to NBG with $2M cash and 574,713 shares (value based on 20-day avg closing price).
Shares locked up: no sales until Dec 31, 2023; then max 60,000 shares/month in 2024.
Transaction requires Bankruptcy Court approval as NBG is in Chapter 11 (Case 23-90071, S.D. Texas).
Upon payment, the Note and Pledge and Security Agreement will be terminated.

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