SKYX Secures $11 Million Strategic Investment at $2.00 Per Share, Preferred Stock Convertible, Led by Global Marriott Hotel-Chain Developer, Lance Shaner, Owner of over 60 Hotels, Primarily Marriotts

Core Insights - SKYX Platforms Corp. has secured a strategic investment of $11 million at a conversion price of $2.00 per share, led by Lance Shaner, a prominent hotel developer [1] - The investment includes participation from leading builders and hotel developers, enhancing SKYX's cash position to support growth and collaborations [1] - Management emphasizes that the company has sufficient cash to achieve its goals, including being cash flow positive during 2025 [1] Company Overview - SKYX Platforms Corp. is a technology company focused on creating advanced, safe, and smart platform technologies, holding over 97 patents globally [3] - The company operates more than 60 lighting and home décor websites, targeting both retail and commercial segments [3] - SKYX aims to enhance safety and lifestyle in homes and buildings, positioning its products as essential in every room [3] Investor Insights - Lance Shaner, as a strategic lead investor, recognizes the significant global growth opportunity for SKYX's technologies in the hospitality and building sectors [1] - The involvement of Shaner, who has extensive experience in community and hospitality developments, provides validation of SKYX's value proposition [1] - The investment is seen as a confirmation of SKYX's potential to revolutionize the smart technology landscape in hotels, buildings, and homes [1]