SKYX Platforms Corp. has secured $25 million in gross proceeds through a registered direct offering with a fundamental institutional investor, issuing 10 million shares of common stock at $2.50 per share. Roth Capital Partners acted as exclusive placement agent for the transaction, with net proceeds intended for working capital and general corporate purposes. The closing is expected around Jan. 26, 2026, subject to customary conditions, marking a significant step in funding the company's expansion and technology development initiatives.
The funding supports SKYX's mission to make homes and buildings safe, advanced, and smart as a new standard through disruptive plug-and-play technologies designed to modernize traditional electrical infrastructure. With electricity present in every structure, SKYX's platform targets applications for every room in residential, commercial, hospitality, and institutional buildings worldwide, improving safety, functionality, and ease of use. The company's technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days, which addresses significant market needs in construction and renovation sectors.
SKYX holds over 100 issued and pending U.S. and global patents and owns 60 lighting and home décor websites serving retail and professional markets, following a "razor-and-blades" business model anchored by its advanced ceiling electrical outlet platform and expanding portfolio of smart home products. These include lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. The company's technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions, with revenue streams expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights.
SKYX estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications in the United States alone, positioning the company to capitalize on growing demand for integrated building solutions as smart home technology adoption accelerates globally. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. This capital infusion comes as SKYX's approach to simplifying electrical infrastructure while enhancing safety aligns with industry trends toward more efficient and intelligent building systems.
