SKYX Announces Pricing of $25 Million Registered Direct Offering at $2.50 per share of Common Stock from One Fundamental Institutional Investor

Core Viewpoint - SKYX Platforms Corp. has announced a registered direct offering to raise $25 million by issuing 10 million shares at a price of $2.50 per share, aimed at enhancing its working capital and general corporate purposes [2][3]. Company Overview - SKYX Platforms Corp. is a technology platform company focused on creating smart and safe homes and buildings, holding over 100 patents globally and operating 60 lighting and home décor websites [2][7]. - The company aims to modernize traditional electrical infrastructure with its plug & play technologies, enhancing safety and functionality [7][8]. Offering Details - The offering will consist of 10 million shares priced at $2.50 each, with no warrants included, and is expected to close around January 26, 2026, pending customary closing conditions [3][4]. - Roth Capital Partners is serving as the exclusive placement agent for this offering [4]. Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [3]. Market Potential - SKYX estimates its total addressable market in the U.S. to be approximately $500 billion, with over 4.2 billion ceiling applications available [11]. - The company’s revenue streams are anticipated to include product sales, licensing, royalties, subscriptions, and monitoring services [11]. Technology and Business Model - SKYX's technologies support recurring revenue through product interchangeability, upgrades, AI-enabled services, and subscriptions, following a "razor-and-blades" business model [9]. - The company offers a range of smart home products, including lighting solutions and fixtures, designed for rapid installation in various building types [10].