Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SKYX Platforms Corp. issued common stock to a member of the Company’s Board of Directors for $835,900, representing the full principal balance plus accrued and unpaid interest from 2020.
- Security
- common stock
- Purchaser
- a member of the Company’s Board of Directors
- Consideration
- $835,900, representing the full principal balance plus accrued and unpaid interest from 2020
Exact text from the filing
On December 31, 2025, a member of the Company’s Board of Directors converted $835,900, representing the full principal balance plus accrued and unpaid interest from 2020, under his Subordinated Convertible Balloon Promissory Note issued by SKYX Platforms Corp. (the “Company”) on November 3, 2020 (the “Note”) into shares of the Company’s common stock.
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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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