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SKYX Platforms ( (SKYX) ) has provided an update.
On December 5, 2025, SKYX Platforms Corp. finalized a Securities Purchase Agreement with an existing strategic investor, resulting in $1.0 million in gross proceeds. The investor acquired 40,000 shares of newly-authorized Series A-2 Preferred Stock at $25.00 per share. The funds will be used for working capital and general corporate purposes. The Series A-2 Preferred Stock offers cumulative cash dividends at an annual rate of 8%, with conversion rights into common stock at a price of $2.00 per share. The stock ranks senior to common stock and has specific voting rights and restrictions on further issuance or modification without approval from the majority of Series A-2 holders.
The most recent analyst rating on (SKYX) stock is a Hold with a $2.00 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.
SKYX Platforms’ overall score is primarily impacted by its financial challenges, including negative profitability and high leverage. While technical indicators show positive momentum, the valuation remains unattractive due to ongoing losses. The earnings call provided positive sentiment, but it was excluded from the weighted calculation.
To see Spark’s full report on SKYX stock, click here.
More about SKYX Platforms
Average Trading Volume: 766,416
Technical Sentiment Signal: Buy
Current Market Cap: $277.5M
For an in-depth examination of SKYX stock, go to TipRanks’ Overview page.