SKYX secures $3.25M new capital via restructuring $2.75M notes into $6M convertible note due 2030

SKYX Platforms Corp.

Restructured two existing convertible promissory notes with aggregate principal of $2.75M; maturity extended to September 2, 2030.
Received $3.25M incremental capital from a lead existing investor.
New subordinated secured convertible note totals $6M, convertible at $1.20 per share, bearing 10% interest (8% cash + 2% cash/shares at election).
Proceeds from the $3.25M new capital will be used for general working capital purposes.
Beneficial ownership limits restrict conversion to 4.99% or 9.99% of outstanding common stock at holder's election.

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