SKYX Platforms Corp. (NASDAQ: SKYX) provided a corporate update on Dec. 18, 2025, revealing a $9.5 million investment from leading shareholders that brings total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of Sept. 30, 2025. The company also extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and positioning it to reach cash flow positivity with existing capital.
The investment comes as SKYX accelerates global expansion through a strategic agreement with Global Ventures Group to deploy its smart technologies across tens of thousands of homes and hotel rooms in the Middle East. Additionally, SKYX has expanded its participation in a $4 billion mixed-use smart city project in Miami expected to include more than 500,000 units, and continues collaborations with Home Depot and Wayfair.
SKYX reported seven consecutive comparable quarters of revenue growth through Q3 2025 and announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales. The company also cited progress toward safety code standardization for its ceiling outlet technology, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders.
“This investment and the extension of our notes demonstrate strong confidence from our shareholders in SKYX’s vision and execution,” said a company spokesperson. “We are well-capitalized to execute our growth strategy and bring our safe, smart home technologies to more customers globally.”
The full press release is available at https://ibn.fm/ATYY8. For more information about SKYX Platforms and its technologies, visit https://skyplug.com/.
