---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-014865"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:01:44.548270+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SKYX Platforms completes acquisition of Belami for $7M cash plus 1.92M shares

## Summary
- Purchase price: $7M cash (plus $1M released from escrow) and 1,923,285 shares of SKYX common stock at closing.
- Deferred consideration: $3.1575M cash and shares valued at $5.639M due April 28, 2024, with per-share collar of $3-$4.
- Belami issued $1M 90-day promissory notes and $464,669 1-year notes to sellers, both at 4.86% interest; guaranteed by SKYX.
- Equity awards to Belami employees/consultants: 735,375 RSUs vesting April 2024; 568,927 restricted shares immediate; 150k RSUs vesting over 3 years; 150k options.
- Financial statements of Belami to be filed by amendment within 71 days.

## SEC filing metadata
- accession: 0001493152-23-014865
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315223014865/0001493152-23-014865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315223014865/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-014865
- JSON: https://secwatch.observer/filing/0001493152-23-014865.json
- Plain text: https://secwatch.observer/filing/0001493152-23-014865.txt

## Key facts
- M&A Transactions
  SKYX Platforms Corp. completed an acquisition involving stockholders of Belami, Inc. for $7,000,000 in cash and an aggregate of 1,923,285 shares of the Company’s common stock (closed 2023-04-28).
  - Action: acquisition
  - Counterparty: stockholders of Belami, Inc.
  - Consideration: $7,000,000 in cash and an aggregate of 1,923,285 shares of the Company’s common stock
  - Closing: 2023-04-28
  source text: February 6, 2023, between the Company and the stockholders of Belami (the “Sellers”), and the Amendment as described below. The purchase price paid at the Closing consisted of $7,000,000 in cash (which excluded, among other things, $1.0 million released to the Sellers from escrow) and an aggregate of 1,923,285 shares of the Company’s common stock. At the Closing,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315223014865/0001493152-23-014865-index.htm

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