secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001493152-23-044257
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX renews GE licensing agreement, restructures trademark royalty payments over 13 quarters
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223044257/0001493152-23-044257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223044257/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044257

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