Core Viewpoint - SKYX Platforms Corp. has successfully closed a $25 million funding round through a registered direct offering of common stock priced at $2.50 per share, aimed at enhancing its working capital and corporate purposes [2][3]. Group 1: Funding Details - The company issued a total of 10 million shares of common stock for an aggregate purchase price of $25 million, with no warrants included in the offering [3]. - Roth Capital Partners acted as the exclusive placement agent for this funding round [3]. Group 2: 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][6]. - The company aims to modernize traditional electrical infrastructure with its plug & play technologies, enhancing safety and functionality [6][7]. Group 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 [9]. - The company's revenue streams are expected to include product sales, licensing, royalties, subscriptions, and monitoring services [9].