---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-037887"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:04:27.870114+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-037887
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315224037887/0001493152-24-037887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315224037887/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037887
- JSON: https://secwatch.observer/filing/0001493152-24-037887.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037887.txt

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