SKYX Platforms enters $20M ATM equity offering agreement with Benchmark

SKYX Platforms Corp.

Entered ATM sales agreement with Benchmark to sell up to $20M of common stock at market prices.
Benchmark receives up to 2.0% commission on gross proceeds from any shares sold.
No obligation to sell any shares; sales may be made from time to time.
Offering under existing effective shelf registration statement (S-3 filed May 5, 2023).
Proceeds for general corporate purposes; no assurance of any sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SKYX Platforms Corp. entered into Sales Agreement with The Benchmark Company, LLC valued at up to a maximum of $20.0 million Shares (effective 2023-05-26).

Action: entry
Agreement: atm program
Counterparty: The Benchmark Company, LLC
Value: up to a maximum of $20.0 million Shares
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, SKYX Platforms Corp. (the “Company”) entered into an “at the market offering” (ATM) Sales Agreement (the “Sales Agreement”) with The Benchmark Company, LLC, as agent (“Benchmark”), pursuant to which the Company may, from time to time, offer and sell shares of the Company’s common stock

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SKYX Platforms Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-019313

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