secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001493152-23-014700
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223014700/0001493152-23-014700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223014700/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-014700

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