SKYX Platforms Strengthens Financial Position While Advancing Smart Home Technology and Safety Standards

SKYX Platforms Corp. (NASDAQ: SKYX) reported raising more than $33 million in cash since September 30, 2025, including a $25 million straight common investment at $2.50 per share with no warrants. This capital infusion strengthens the company's balance sheet as it progresses toward sustained cash-flow generation and profitability. The company also extended and converted $13.5 million in notes to 2030, providing additional financial stability.

The company plans to launch new AI-driven e-commerce software across its 60 websites, which could potentially increase conversion rates by up to 30%. SKYX expects continued revenue growth following seven consecutive comparable quarterly increases through the third quarter of 2025. The company highlighted successful technology demonstrations during a Marriott renovation project and a $16.5 million investment round led by hotel owner The Shaner Group.

SKYX anticipates deploying more than 100,000 products in 2026 and has expanded global manufacturing partnerships. The company is actively pursuing mandatory safety standardization through industry code bodies and insurance engagement. SKYX's technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions, with the company focused on a "Razor & Blades" business model.

The company's plug-and-play technology enables installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months. SKYX estimates its total addressable market in the United States at approximately $500 billion with over 4.2 billion ceiling applications. Expected revenue streams include product sales, royalties, licensing, subscriptions, monitoring services, and sale of global country rights. For additional information about the company, visit https://skyplug.com/.

SKYX Platforms has a series of highly disruptive advanced-safe-smart platform technologies with over 100 U.S. and global patents and patent pending applications. The company's technologies place emphasis on high quality and ease of use while significantly enhancing both safety and lifestyle in homes and buildings. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX.