---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-014700"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:30:05.537280+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-014700
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315223014700/0001493152-23-014700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315223014700/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-014700
- JSON: https://secwatch.observer/filing/0001493152-23-014700.json
- Plain text: https://secwatch.observer/filing/0001493152-23-014700.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.