NewsRamp is a PR & Newswire Technology platform that enhances press release distribution by adapting content to align with how and where audiences consume information. Recognizing that most internet activity occurs outside of search, NewsRamp improves content discovery by programmatically curating press releases into multiple unique formats—news articles, blog posts, persona-based TLDRs, videos, audio, and Zero-Click content—and distributing this content through a network of news sites, blogs, forums, podcasts, video platforms, newsletters, and social media.
FAQ: SKYX Platforms Corp. $25 Million Registered Direct Offering and Company Overview
TL;DR
SKYX Platforms raised $25 million to accelerate its smart home technology, offering investors early access to a company targeting a $500 billion market with disruptive plug-and-play solutions.
SKYX Platforms issued 10 million shares at $2.50 each through a registered direct offering, with net proceeds allocated for working capital and general corporate purposes.
SKYX's smart home technologies improve safety and functionality in buildings worldwide, making homes more secure and efficient through innovative plug-and-play electrical solutions.
SKYX's plug-and-play technology can install smart home systems in high-rise buildings in days instead of months, using over 100 patents to modernize traditional electrical infrastructure.
Found this article helpful?
Share it with your network and spread the knowledge!
SKYX Platforms Corp. has entered into a securities purchase agreement to raise $25 million through a registered direct offering, issuing 10 million shares of common stock at $2.50 per share to one fundamental institutional investor.
The company raised $25 million in gross proceeds through a registered direct offering, issuing 10 million shares at $2.50 per share with no warrants.
The net proceeds are intended for working capital and general corporate purposes.
The closing is expected on or about January 26, 2026, subject to customary closing conditions.
Roth Capital Partners is acting as the exclusive placement agent for this registered direct offering.
SKYX Platforms Corp. is a smart home platform technology company focused on making homes and buildings safe, advanced, and smart as the new standard through disruptive plug & play technologies.
The company develops plug & play technologies designed to modernize traditional electrical infrastructure, including an advanced ceiling electrical outlet platform and smart home products such as lighting, ceiling fans, chandeliers, emergency signage, and themed lighting solutions.
SKYX follows a 'razor-and-blades' model with revenue streams expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights, supported by recurring revenue opportunities through product interchangeability and AI-enabled services.
SKYX estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications in the U.S. alone.
The latest news and updates relating to SKYX are available in the company's newsroom at https://www.investorbrandnetwork.com/clients/skyx-platforms-corp/.
Curated from InvestorBrandNetwork (IBN)
