Skyx Platforms closes $4M equity investment from Philotimo Fund

SKYX Platforms (SKYX) closed a $4M equity investment from a new institutional fund Philotimo Fund. The investment was completed at $2.00 per share in straight common stock with no warrants, representing the purchase of 2,000,000 shares of common stock. The fund is a new investor in SKYX and joins the Company’s growing base of long-term and strategic shareholders. With this new investment, SKYX has now raised approximately $14M in recent funding over the past 3 months from its strategic investors and long-term shareholders, further strengthening the Company’s balance sheet and supporting its path to cash flow positive while accelerating growth across commercial, retail, and smart home platform initiatives.