---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-012759"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2025-09-05T23:59:59+00:00"
generated_at: "2026-05-17T07:57:43.075411+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-012759
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2025-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315225012759/0001493152-25-012759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315225012759/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-012759
- JSON: https://secwatch.observer/filing/0001493152-25-012759.json
- Plain text: https://secwatch.observer/filing/0001493152-25-012759.txt

## Key facts
- Debt Financings
  SKYX Platforms Corp. incurred convertible notes of $6 million at 8% interest payable quarterly in arrears in cash and 2% interest payable quarter maturing September 2, 2030.
  - Instrument: convertible notes
  - Principal: $6 million
  - Rate: 8% interest payable quarterly in arrears in cash and 2% interest payable quarter
  - Maturity: September 2, 2030
  - Event: incurrence
  source text: the Company entered into a new subordinated secured convertible promissory note (“Note”) in the total principal amount of $6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315225012759/0001493152-25-012759-index.htm

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