SKYX amends convertible note with director; extends maturity to 2027, conversion at $2.20/share

SKYX Platforms Corp.

Conversion of $835,900 principal plus accrued interest into ~379,954 shares at $2.20/share on Dec 31, 2025.
Maturity date extended to May 1, 2027 under amendment effective Dec 30, 2025.
Interest rate increased from 6% to 10%, retroactive to Jan 1, 2024.
Holder is Shiff Group Investments Ltd., a member of the Board of Directors.
Original note of $835,900 issued Nov 2020; full balance plus interest converted.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SKYX Platforms Corp. amended Note Amendment with a member of the Company’s Board of Directors valued at $835,900 (effective 2025-12-30).

Action: amendment
Agreement: notes offering
Counterparty: a member of the Company’s Board of Directors
Value: $835,900
Effective: 2025-12-30

Exact text from the filing

On December 30, 2025, the Company and the holder entered into an amendment to the Note (the “Note Amendment”), extending the maturity date to May 1, 2027, increasing the interest rate to ten percent (10%) per year, and adjusting the conversion price to $2.20 per share.

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Source: SEC EDGAR

accession 0001493152-26-000028

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