SKYX Platforms Corp. announced on October 7, 2024, the completion of an $11 million strategic investment. This funding was secured through a new class of preferred stock, with a conversion price of $2.00 per common share and an 8% annual dividend.
The investment round was led by Lance Shaner, Chairman & CEO of Shaner Hotel Group, a global Marriott hotel-chain developer and owner of over 60 hotels. His participation underscores a strong belief in SKYX's value proposition for hotels, buildings, and homes.
This strategic capital infusion enhances SKYX's cash position, providing crucial support for its ongoing growth initiatives and recently announced collaborations with leading U.S. and global companies.
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