SKYX Platforms Corp. announced on May 13, 2025, that it has secured approximately $4 million in additional funding from strategic investors through the purchase of preferred stock at $2.00 per share. This latest investment is part of a broader financing round that has now totaled approximately $15 million.
The $15 million funding round was led by The Shaner Group, a global Marriott Hotels chain owner and developer. Notably, company insiders, including President Steve Schmidt and Co-CEOs Lenny Sokolow and John Campi, also participated substantially in this round.
The proceeds from this financing are designated for general working capital and corporate purposes. This continued financial backing from strategic investors and internal leadership underscores confidence in SKYX’s advanced and smart home platform technology and its growth trajectory.
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