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The latest announcement is out from SKYX Platforms ( (SKYX) ).
On January 23, 2026, SKYX Platforms Corp. entered into a securities purchase agreement with a single institutional investor for a registered direct offering of 10 million common shares at $2.50 per share, raising approximately $25 million in gross proceeds, with closing expected on or about January 26, 2026, subject to customary conditions. The capital infusion, to be used for working capital and general corporate purposes, underscores SKYX’s effort to fund its growth in the smart-home and building-safety market while accepting a 90-day restriction on issuing additional equity or similar securities, with Roth Capital Partners acting as exclusive placement agent and collecting a 6.5% fee plus expenses.
The most recent analyst rating on (SKYX) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.
Spark’s Take on SKYX Stock
According to Spark, TipRanks’ AI Analyst, SKYX is a Neutral.
The score is held back primarily by weak financial performance—large losses, negative equity, and high leverage—despite some improvement in free cash flow trends. Technicals are supportive with strong upward momentum, but overbought readings add near-term risk. Earnings-call updates and recent financing were constructive for the growth narrative and liquidity, but execution and project-dependency remain key uncertainties.
To see Spark’s full report on SKYX stock, click here.
More about SKYX Platforms
SKYX Platforms Corp., which does business as SKYX Technologies, is a smart-home technology platform company focused on making homes and buildings safer, more advanced and smart through plug-and-play electrical solutions. The company holds more than 100 issued and pending patents globally and owns 60 lighting and home décor websites serving both retail and professional markets, targeting residential, commercial, hospitality, and institutional buildings with a “razor-and-blades” model centered on its advanced ceiling electrical outlet platform and a broad portfolio of plug-and-play smart lighting and fixtures.
Average Trading Volume: 1,118,244
Technical Sentiment Signal: Buy
Current Market Cap: $357.3M
See more data about SKYX stock on TipRanks’ Stock Analysis page.