---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039660"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:15:06.478007+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SKYX Platforms raises $11M via convertible preferred stock; insiders participate

## Summary
- Sold 440,000 shares of Series A and A-1 preferred at $25 each for $11M gross.
- Preferred pays 8% annual cash dividend; convertible at $2.00 per share.
- Insiders including President Steven Schmidt and Co-CEOs purchased $6M of Series A-1.
- Proceeds from the offering will be used for working capital and general corporate purposes.
- Conversion limited to 19.99% of outstanding common without stockholder approval.

## SEC filing metadata
- accession: 0001493152-24-039660
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315224039660/0001493152-24-039660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315224039660/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039660
- JSON: https://secwatch.observer/filing/0001493152-24-039660.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039660.txt

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