SKYX Platforms Corp. (NASDAQ: SKYX) announced it has entered into a securities purchase agreement to raise $25 million in gross proceeds through a registered direct offering with a single fundamental institutional investor. The company will issue 10 million shares of common stock at a purchase price of $2.50 per share, with no warrants attached. Roth Capital Partners acted as the exclusive placement agent. The closing is expected on or about Jan. 26, 2026, subject to customary closing conditions. Net proceeds are intended for working capital and general corporate purposes, as stated in the press release.
This capital infusion comes at a critical time for SKYX as it seeks to scale its platform of plug-and-play smart home technologies. The company focuses on making homes and buildings safer and smarter by modernizing traditional electrical infrastructure. SKYX holds over 100 issued and pending U.S. and global patents and operates 60 lighting and home décor websites serving both retail and professional markets. According to the company, its technologies enable rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days.
SKYX follows a “razor-and-blades” business model anchored by its advanced ceiling electrical outlet platform. Revenue streams include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights. The company estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications in the United States alone.
The offering’s structure—no warrants and a fixed price—suggests a clean transaction that avoids future dilution from warrant exercises. The involvement of a fundamental institutional investor indicates long-term confidence in SKYX’s strategy. The funds will likely support product development, marketing, and expansion of the plug-and-play ecosystem, which includes lighting, ceiling fans, chandeliers, and smart home devices.
For more details, the full press release is available at https://ibn.fm/X4h41. Updates on SKYX can be found in the company’s newsroom at https://ibn.fm/SKYX.
