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FAQ: SKYX Platforms Corp. $9.5M Investment, Global Expansion, and Smart Home Technology Deployment
TL;DR
SKYX Platforms' $9.5 million investment and $13 million cash position provide a financial edge to expand smart technology deployment in major projects like Miami's $4 billion smart city.
SKYX Platforms extended $13.5 million in notes to 2030, secured strategic agreements for technology deployment, and reported seven consecutive quarters of revenue growth through Q3 2025.
SKYX's smart ceiling outlet technology advances safety standardization and smart home accessibility, making buildings safer and more efficient for communities worldwide.
SKYX Platforms holds over 97 patents and is launching an AI-driven e-commerce platform while collaborating with Home Depot and Wayfair to revolutionize smart living.
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SKYX Platforms Corp. announced $9.5 million in recent investment from leading shareholders, bringing total cash and equivalents to approximately $13 million as of September 30, 2025, along with multiple strategic partnerships for deploying its smart technologies globally.
This investment strengthens SKYX's balance sheet, extends debt maturities to 2030, and provides sufficient capital to reach cash flow positivity while supporting market expansion through major partnerships in the Middle East and Miami.
SKYX has a strategic agreement with Global Ventures Group to deploy technologies across tens of thousands of homes and hotel rooms in the Middle East and is participating in a $4 billion mixed-use smart city project in Miami expected to include over 500,000 units.
Key partners include Global Ventures Group for Middle East deployment, collaborators like Home Depot and Wayfair, and regulatory/insurance stakeholders supporting safety code standardization for SKYX's ceiling outlet technology.
As of September 30, 2025, SKYX reported approximately $13 million in total cash, cash equivalents, restricted cash, and receivables, along with seven consecutive comparable quarters of revenue growth through Q3 2025.
Deployments are planned in the Middle East through the Global Ventures Group partnership and in Miami through participation in a major smart city project, in addition to existing collaborations with Home Depot and Wayfair.
SKYX has over 97 U.S. and global patents for advanced-safe-smart platform technologies that enhance safety and lifestyle in homes and buildings, with progress toward safety code standardization for its ceiling outlet technology.
SKYX announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, along with continued engagement with regulatory stakeholders for safety code standardization.
Investors can visit the company's newsroom at https://ibn.fm/SKYX for the latest updates, or access the full press release at https://ibn.fm/ATYY8.
SKYX's mission is to make homes and buildings safe-advanced and smart as the new standard, with technologies that are designed to be a necessity in every room in both homes and other buildings globally.
Curated from InvestorBrandNetwork (IBN)
