SKYX Platforms Corp. (NASDAQ: SKYX) provided a corporate update on Wednesday, detailing $9.5 million in recent investments from leading shareholders. The company reported total cash, cash equivalents, restricted cash, and receivables of approximately $13 million as of Sept. 30, 2025. SKYX also extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and positioning the company to reach cash flow positivity, according to management.
The investment will support continued market expansion, including 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. Additionally, SKYX expanded its participation in a $4 billion mixed-use smart city project in Miami, which is expected to include more than 500,000 units. The company also highlighted collaborations with Home Depot and Wayfair to broaden retail distribution.
SKYX reported seven consecutive comparable quarters of revenue growth through Q3 2025. The company announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales. Progress toward safety code standardization for its ceiling outlet technology was also cited, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders.
For more details, the full press release is available at https://ibn.fm/ATYY8. Additional updates can be found in the company’s newsroom at https://ibn.fm/SKYX.
