secwatch.observer — SEC 8-K summary
======================================

Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001493152-25-018513
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225018513/0001493152-25-018513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315225018513/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-018513

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer