---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015053"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:42:19.512722+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SKYX issues $1M convertible note to GE at $1.07/sh, reduces $1.4M payment by $400k

## Summary
- Issued $1.0M zero-interest convertible note to GE Trademark Licensing, conversion price $1.07 per share.
- Note matures April 11, 2027; reduces $1.4M payment due by $400,000.
- Amendment extends deadline to issue note to May 1, 2024; no additional payments if note issued by then.
- Note includes piggyback registration rights and prepayment option with premium.

## SEC filing metadata
- accession: 0001493152-24-015053
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/0001493152-24-015053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015053
- JSON: https://secwatch.observer/filing/0001493152-24-015053.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015053.txt

## Key facts
- Debt Financings
  SKYX Platforms Corp. incurred convertible notes of $1.0 million with GE Trademark Licensing, Inc. at no interest bearing maturing April 11, 2027.
  - Instrument: convertible notes
  - Principal: $1.0 million
  - Counterparty: GE Trademark Licensing, Inc.
  - Rate: no interest bearing
  - Maturity: April 11, 2027
  - Event: incurrence
  source text: reduced a payment of $1.4 million due to GE Trademark Licensing, Inc. (“GE-TL”) by $400,000, in exchange for a 3-year no interest bearing convertible promissory note of $1.0 million (the “Note”) to GE-TL, with a conversion price of $1.07 per share. The Note was signed on April 11, 2024, and matures on April 11, 2027. On December 8, 2023, the Company filed a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/0001493152-24-015053-index.htm
- Material Agreements
  SKYX Platforms Corp. amended Amendment to Letter Agreement with GE Trademark Licensing, Inc. valued at amendment extending deadline for issuing convertible note to May 1, 2024 (effective 2024-04-11).
  - Action: amendment
  - Counterparty: GE Trademark Licensing, Inc.
  - Value: amendment extending deadline for issuing convertible note to May 1, 2024
  - Effective: 2024-04-11
  source text: On April 11, 2024, the Company entered into an amendment to the Letter Agreement, which extended the deadline for the Company to issue the convertible note to GE-TL to May 1, 2024, and issued the Note, reflecting a reduction in payments due.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/0001493152-24-015053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.