SKYX Platforms Corp. (NASDAQ: SKYX) has entered into a securities purchase agreement with a fundamental institutional investor to raise $25 million in gross proceeds through a registered direct offering. The company will issue 10 million shares of common stock at a purchase price of $2.50 per share, with no warrants attached. Net proceeds are intended for working capital and general corporate purposes, with closing expected on or about Jan. 26, 2026, subject to customary closing conditions. Roth Capital Partners is acting as exclusive placement agent for the offering.
The funding announcement is significant as it provides capital to advance SKYX's technology platform focused on making homes and buildings safe, advanced, and smart as a new standard. The company is developing disruptive plug-and-play technologies designed to modernize traditional electrical infrastructure while improving safety, functionality, and ease of use. With electricity present in every home and building, SKYX's approach targets a fundamental aspect of modern infrastructure.
SKYX holds over 100 issued and pending U.S. and global patents and owns 60 lighting and home décor websites serving both retail and professional markets. The company's platform emphasizes high-quality design, simplicity, and enhanced safety, with applications intended for every room in residential, commercial, hospitality, and institutional buildings worldwide. The technology supports recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions.
The company follows a "razor-and-blades" business model, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug-and-play smart home products. This includes lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. The plug-and-play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days according to company information.
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. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX.
The $25 million capital infusion comes at a time when smart home technology adoption is accelerating globally. For investors and industry observers, this funding round represents a vote of confidence in SKYX's approach to electrical infrastructure modernization. The company's focus on safety and ease of installation addresses persistent challenges in building electrification and smart technology integration. As buildings increasingly incorporate connected devices and energy management systems, technologies that simplify installation while maintaining safety standards could see growing demand from both residential and commercial markets.
