Financing completed at $2.00 per share in straight common stock, reinforcing confidence in SKYX’s execution and path toward cash-flow positivity
SKYX Platforms Corp. (NASDAQ: SKYX) announced a $4 million strategic equity investment from Philotimo Fund, LP, an institutional investor focused on growing small-cap companies. The investment was completed at $2.00 per share in straight common stock with no warrants, underscoring long-term investor confidence in the company’s strategy and business fundamentals.
The investment strengthens SKYX’s balance sheet and provides additional capital to support continued growth initiatives across its smart home, lighting, and advanced electrical technology platforms. Management expects the proceeds to accelerate commercialization efforts, expand distribution, and support the company’s ongoing transition toward cash-flow positivity.
The transaction follows a series of recent financings, bringing total capital raised by SKYX to approximately $14 million over the past three months from strategic and long-term investors. The clean equity structure, with no warrant coverage, highlights conviction in SKYX’s long-term value proposition.
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, stated, “This strategic investment further validates our vision, execution, and momentum. We continue to make meaningful progress as we scale our platform and advance toward our next phase of growth.”
Leonard Sokolow, CEO of SKYX Platforms, added, “We believe this investment reflects growing institutional recognition of our technology leadership, platform strategy, and the significant global opportunity ahead of us.”
SKYX operates in the smart home and advanced electrical technology sector with more than 100 issued and pending patents worldwide and ownership of over 60 lighting and home décor websites, positioning the company to address a large and expanding global market.
The investment is expected to support long-term growth while creating opportunities for recurring revenue through product upgrades, monitoring services, subscriptions, AI-driven functionality, and future platform enhancements as adoption continues to expand.
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