secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001493152-25-012759
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225012759/0001493152-25-012759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225012759/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-012759

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