SKYX Platforms Corp. (NASDAQ: SKYX) announced a corporate update detailing a $9.5 million investment from leading shareholders, bringing its total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of Sept. 30, 2025. The company also extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and providing what it believes is sufficient capital to reach cash flow positivity.
Recent developments include a strategic agreement with Global Ventures Group to deploy SKYX smart technologies across tens of thousands of homes and hotel rooms in the Middle East, as well as expanded participation in a $4 billion mixed-use smart city project in Miami expected to include more than 500,000 units. The company highlighted collaborations with Home Depot and Wayfair, and reported seven consecutive comparable quarters of revenue growth through Q3 2025.
SKYX also announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, and cited progress toward safety code standardization for its ceiling outlet technology, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. The company holds over 97 U.S. and global patents and patent pending applications for its advanced-safe-smart platform technologies.
For more details, the full press release is available at https://ibn.fm/ATYY8. Additional information about SKYX Platforms Corp. can be found on its website at https://skyplug.com/.
