SKYX Platforms Corp. (SKYX): debt financing — SKYX renews GE licensing agreement, restructures trademark royalty payments over 13 quarters

SKYX Platforms Corp.

Renewed five-year MSA with GE Technology Development for global licensing of standard and smart products; replaces 2019 agreement.
Sunsets original License Trademark Agreement; royalty payments restructured into 13 quarterly installments via letter agreement.
SKYX to issue convertible note to GE Trademark Licensing, Inc. with terms to be mutually agreed.
GE will receive a percentage of earned revenue from licensing programs (specific revenue share redacted in exhibit).
Agreement includes automatic one-year renewal provisions.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SKYX Platforms Corp. incurred convertible notes with GE Trademark Licensing, Inc..

Instrument: convertible notes
Counterparty: GE Trademark Licensing, Inc.
Event: incurrence

Exact text from the filing

The Company also agreed to issue a convertible note payable to GE-TL, with note terms and conditions to be mutually agreed upon by both parties.

View on SEC.gov

37 debt financings filed in the last 30 days. Browse all debt financings →

SKYX Platforms Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-044257

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.