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SQL Technologies ( (SKYX) ) has issued an announcement.
On October 17, 2025, SQL Technologies restructured and extended the maturity date of four convertible promissory notes, totaling $7.6 million, by five years and secured an additional $2 million in capital from a lead investor. This move results in $9.6 million in subordinated secured convertible promissory notes, with the principal amount convertible into common stock at a price of $1.20 per share and bearing a 10% annual interest rate. The additional funds will be used for general working capital, and the restructuring provides the company with greater financial flexibility.
The most recent analyst rating on (SKYX) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on SQL Technologies stock, see the SKYX Stock Forecast page.
Spark’s Take on SKYX Stock
According to Spark, TipRanks’ AI Analyst, SKYX is a Neutral.
The overall stock score is primarily influenced by the company’s challenging financial performance, which poses significant risks. However, positive developments from the earnings call, including revenue growth and strategic collaborations, provide some optimism. Technical indicators suggest moderate strength, but valuation remains a concern due to ongoing losses.
To see Spark’s full report on SKYX stock, click here.
More about SQL Technologies
Average Trading Volume: 454,561
Technical Sentiment Signal: Hold
Current Market Cap: $146.3M
For an in-depth examination of SKYX stock, go to TipRanks’ Overview page.