secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001493152-23-015604
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX Platforms secures $2.0M secured revolving line of credit with First-Citizens Bank
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/0001493152-23-015604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223015604/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015604

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