SKYX Platforms raises $1.0M via sale of 40,000 Series A-1 Preferred shares

SKYX Platforms Corp.

Gross proceeds of $1.0 million from issuance of 40,000 Series A-1 Preferred Shares at $25.00 per share on March 11, 2025.
Proceeds will be used for working capital and general corporate purposes.
Shares issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506 of the Securities Act.
Investor also consented to the Company's separate sale of up to 400,000 shares of Series A Preferred Stock.
As of December 31, 2024, SKYX had 103,329,678 common shares and 240,000 Series A-1 shares outstanding.

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