leadership
confidence high
sentiment negative
materiality 0.35
SKYX director Efrat Greenstein Brayer dies; Nasdaq flags board/audit committee noncompliance with cure to 2027
SKYX Platforms Corp.
- Independent director Efrat L. Greenstein Brayer, chair of the nominating and corporate governance committee and member of the audit and compensation committees, died September 26, 2026.
- SKYX notified Nasdaq on September 28, 2026 that it no longer meets Listing Rule 5605(b)(1) (majority independent board) and Rule 5605(c)(2)(A) (three-member audit committee).
- Nasdaq's September 30, 2026 letter grants a cure period expiring at the earlier of the next annual meeting or September 26, 2027; March 25, 2027 if the annual meeting is held before then.
- Company says it intends to regain compliance before the cure period lapses; no immediate effect on its Nasdaq listing, and it warns there is no assurance it will succeed.