---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018513"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:23:48.685715+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SKYX extends $7.6M notes to 2030, secures $2M new capital from lead investor

## Summary
- Restructured four convertible notes totaling $7.6M into $9.6M of new 5-year notes due Oct 17, 2030.
- Obtained $2M additional proceeds from existing investor for general working capital.
- New notes carry 10% interest (7% cash, 3% cash or stock) and convertible at $1.20 per share.
- Prior notes of $6M and $900k fully cancelled; new $8.9M note plus $0.7M in amended notes issued.
- Conversion subject to 4.99%/9.99% beneficial ownership limitation; shares unregistered under Section 4(a)(2).

## SEC filing metadata
- accession: 0001493152-25-018513
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315225018513/0001493152-25-018513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315225018513/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018513
- JSON: https://secwatch.observer/filing/0001493152-25-018513.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018513.txt

## Key facts
- Debt Financings
  SKYX Platforms Corp. incurred convertible notes of $9.6 million at 10% per annum maturing October 17, 2030.
  - Instrument: convertible notes
  - Principal: $9.6 million
  - Rate: 10% per annum
  - Maturity: October 17, 2030
  - Event: incurrence
  source text: the Company will have a total of $9.6 million in 5-year subordinated secured convertible promissory notes by issuing a new note in the total principal amount of $8.9 million and amending two of the outstanding notes with the principal amount of $700,000 for a 5-year term (collectively, the “$9.6 Million Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315225018513/0001493152-25-018513-index.htm

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