secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001493152-24-015053
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/0001493152-24-015053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224015053/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer