SKYX Platforms Corp. has secured $25 million in gross proceeds through a registered direct offering with a fundamental institutional investor. The company issued 10 million shares of common stock at $2.50 per share, with Roth Capital Partners acting as exclusive placement agent. Net proceeds are intended for working capital and general corporate purposes, with closing expected around Jan. 26, 2026, subject to customary conditions.
The funding supports SKYX's mission to make homes and buildings safe, advanced, and smart as a new standard. The company develops disruptive plug-and-play technologies designed to modernize traditional electrical infrastructure, improving safety, functionality, and ease of use. With electricity present in every structure, SKYX's platform targets applications for every room in residential, commercial, hospitality, and institutional buildings worldwide.
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. The company's technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days. This efficiency addresses significant market needs in construction and renovation sectors.
The company follows 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. SKYX's technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions.
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. 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.
This capital infusion comes as smart home technology adoption accelerates globally. SKYX's approach to simplifying electrical infrastructure while enhancing safety positions the company to capitalize on growing demand for integrated building solutions. The registered direct offering represents a significant step in funding the company's expansion and technology development initiatives.
