SKYX Platforms completes insider note conversion to equity

An update from SKYX Platforms ( (SKYX) ) is now available.

On December 31, 2025, a member of SKYX Platforms’ Board of Directors converted $835,900, representing the full principal and accrued interest on a subordinated convertible balloon promissory note originally issued in 2020, into shares of the company’s common stock, in a transaction structured as a private, exempt offering under U.S. securities laws. A day earlier, on December 30, 2025, SKYX Platforms and the same noteholder agreed to amend the note by extending its maturity date to May 1, 2027, increasing the annual interest rate to 10%, and setting a new conversion price of $2.20 per share, signaling continued insider support and providing the company with greater balance-sheet flexibility while avoiding a public securities issuance.

The most recent analyst rating on (SKYX) stock is a Hold with a $2.50 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.

SKYX Platforms’ overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and ongoing losses. Positive technical indicators and a strong earnings call provide some optimism, but the challenging valuation and financial instability weigh heavily on the score.

To see Spark’s full report on SKYX stock, click here.

More about SKYX Platforms

SKYX Platforms Corp. is a publicly traded company that issues common stock and uses subordinated convertible promissory notes as part of its financing structure, reflecting reliance on private capital markets and exempt securities offerings to support its operations and capital needs.

Average Trading Volume: 866,757

Technical Sentiment Signal: Buy

Current Market Cap: $246.8M

Find detailed analytics on SKYX stock on TipRanks’ Stock Analysis page.