SKYX subsidiary Belami enters $3.5M secured revolving credit line with Farmers & Merchants Bank

SKYX Platforms Corp.

Belami, Inc. secured a $3.5M revolving line of credit from Farmers & Merchants Bank, increasing and renewing prior facility.
Interest: variable at WSJ Prime rate (floor 7.5%), payable monthly; line matures September 5, 2025.
Covenants require working capital over $1.75M and debt service coverage ratio above 1.25x.
SKYX Platforms Corp. guarantees Belami's obligations under the credit agreement.

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