SKYX Platforms Corp. 8-K

What Happened
SKYX Platforms Corp. announced on January 23, 2026 that it entered into a securities purchase agreement for a registered direct offering to sell 10,000,000 shares of common stock at $2.50 per share, for gross proceeds of approximately $25.0 million. The Offering is expected to close on January 26, 2026, subject to customary closing conditions, and is being made under the company’s effective Form S-3 shelf registration (File No. 333-271698). Roth Capital Partners, LLC is acting as exclusive placement agent, and legal counsel Thompson Hine LLP provided an opinion related to the shares.

Key Details

• 10,000,000 shares of common stock to be issued at $2.50 per share (approx. $25.0M gross proceeds).
• Expected closing date: January 26, 2026 (subject to customary conditions).
• Placement agent: Roth Capital Partners — 6.5% cash fee on gross proceeds plus reimbursement of $75,000 in out-of-pocket expenses.
• Temporary issuance restriction: Company generally may not issue or agree to issue additional common stock or equivalents for 90 days after closing (subject to exceptions).

Why It Matters
This transaction, if completed, will provide SKYX with additional liquidity (net proceeds after fees and expenses) intended for working capital and general corporate purposes, which can support operations or strategic initiatives without immediately using other financing sources. However, the offering dilutes existing shareholders because new shares are being issued. The placement agent fees and expenses will reduce net proceeds, and the closing remains subject to customary conditions, so the transaction is not guaranteed until closing occurs. The 90-day issuance restriction may temporarily limit the company’s ability to raise further equity capital during that period.