secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001493152-25-009948
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225009948/0001493152-25-009948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225009948/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-009948

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