{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015604","form_type":"8-K","ticker":"SKYX","cik":"0001598981","company_name":"SKYX Platforms Corp.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.596692+00:00","generated_at":"2026-06-15T16:50:28.769613+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SKYX Platforms secures $2.0M secured revolving line of credit with First-Citizens Bank","bullets":["$2.0M secured revolving line of credit entered May 1, 2023, maturing May 1, 2024.","Interest rate: WSJ Prime + 0.25%, floor 5.0%, ceiling 18.0% (or max allowed by law).","Interest payable monthly; line subject to customary default and acceleration provisions.","The credit agreement filed as Exhibit 10.1; no other material terms disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015604","json":"https://secwatch.observer/filing/0001493152-23-015604.json","markdown":"https://secwatch.observer/filing/0001493152-23-015604.md","text":"https://secwatch.observer/filing/0001493152-23-015604.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/0001493152-23-015604-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:50:28.769613+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6fbe25577341dd57af57e6bdb310d3068e0c2274","claim":"SKYX Platforms Corp. incurred revolving credit of $2.0 million with First-Citizens Bank & Trust Company at The Wall Street Journal Prime Rate plus 0.250%, subject to a floor of 5.0% and c maturing May 1, 2024.","evidence_excerpt":"On May 1, 2023, the Company entered into a $2.0 million secured revolving line of credit with First-Citizens Bank & Trust Company","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/0001493152-23-015604-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2.0 million"},{"label":"Counterparty","value":"First-Citizens Bank & Trust Company"},{"label":"Rate","value":"The Wall Street Journal Prime Rate plus 0.250%, subject to a floor of 5.0% and c"},{"label":"Maturity","value":"May 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fd60efcdb1e576daf3cd4f1d4d1cb380ba24e383","claim":"SKYX Platforms Corp. entered into line of credit with First-Citizens Bank & Trust Company valued at $2.0 million (effective 2023-05-01).","evidence_excerpt":"On May 1, 2023, the Company entered into a $2.0 million secured revolving line of credit with First-Citizens Bank & Trust Company (the “line of credit”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/0001493152-23-015604-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"First-Citizens Bank & Trust Company"},{"label":"Value","value":"$2.0 million"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}