SKYX Platforms Corp. (NASDAQ: SKYX) will be added to the Russell 2000 and Russell 3000 indexes following the 2025 annual reconstitution. The inclusion, effective June 27, marks a significant milestone for the technology company specializing in smart and safe home solutions.
The index addition represents an important validation of SKYX's market position and potential growth trajectory. By joining these indexes, the company is likely to attract increased attention from institutional investors and market analysts who track these benchmark indices.
Co-CEO Lenny Sokolow emphasized the strategic importance of this development, noting that the inclusion reflects the company's progress and will support broader investor awareness. SKYX currently holds over 97 issued and pending patents worldwide and operates more than 60 lighting and home décor websites.
The Russell indexes are widely used by investment managers and institutional investors as benchmarks for performance tracking and portfolio allocation. Inclusion can potentially lead to increased liquidity and visibility for SKYX's stock, as index funds and investment portfolios that track these indexes will be required to purchase the company's shares.
SKYX's technology focuses on creating safe, advanced, and smart home solutions, with a mission to enhance safety and lifestyle in residential and commercial buildings. The company's index inclusion suggests growing market confidence in its innovative approach to home technology.
