SKYX Platforms Secures $9.5M Investment, Expands Smart Home Deployments Globally

SKYX Platforms Corp. (NASDAQ: SKYX) announced a $9.5 million investment from leading shareholders, bringing total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025. This financial injection supports the company's continued market expansion efforts and follows the extension and conversion of $13.5 million in near-term notes to 2030, strengthening the balance sheet. Management believes the company now has sufficient capital to reach cash flow positivity, marking a significant milestone in its financial trajectory.

The company has secured 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. This international expansion complements domestic growth through expanded participation in a $4 billion mixed-use smart city project in Miami, expected to include more than 500,000 units. Collaborations with major retailers Home Depot and Wayfair further extend market reach, creating multiple channels for technology adoption. These partnerships demonstrate growing industry acceptance of SKYX's platform technologies.

SKYX reported seven consecutive comparable quarters of revenue growth through the third quarter of 2025, indicating sustained market traction. The company announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, leveraging artificial intelligence to enhance customer experience and operational efficiency. Progress toward safety code standardization for its ceiling outlet technology continues, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. This standardization effort is crucial for widespread adoption across residential and commercial buildings.

The company maintains an extensive intellectual property portfolio with over 97 U.S. and global patents and patent pending applications protecting its disruptive advanced-safe-smart platform technologies. These technologies emphasize high quality and ease of use while significantly enhancing both safety and lifestyle in homes and buildings. SKYX believes its products represent a necessity in every room in both homes and other buildings in the United States and globally, positioning the technology as fundamental infrastructure rather than optional enhancement. Additional information about the company's technologies and corporate developments is available through its newsroom at https://ibn.fm/SKYX.