SKYX Platforms Corp. announced on March 12, 2025, that it has entered into a securities purchase agreement for an additional $1 million in preferred funding. This financing contributes to the company's capital resources.
This $1 million in preferred funding is part of a broader financing strategy, following an $11 million strategic funding round secured in October 2024. The combined funding efforts aim to bolster the company's financial position.
The proceeds from this agreement are intended to support SKYX's general working capital and corporate purposes, enabling the company to continue executing its business plan and market penetration strategies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.