SKYX Platforms Corp. (NASDAQ: SKYX) announced a $9.5 million investment from leading shareholders, bringing its total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025. The company has extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and positioning itself with sufficient capital to reach cash flow positivity.
The investment supports continued market expansion, including a strategic agreement with Global Ventures Group to deploy SKYX smart technologies across tens of thousands of homes and hotel rooms in the Middle East. This international partnership represents a significant step in globalizing SKYX's smart home platform. Domestically, the company has expanded its participation in a $4 billion mixed-use smart city project in Miami, which is expected to include more than 500,000 units.
SKYX reported seven consecutive comparable quarters of revenue growth through the third quarter of 2025, demonstrating sustained market traction. The company also announced collaborations with major retailers Home Depot and Wayfair, expanding consumer access to its technologies. These retail partnerships are critical for mainstream adoption of smart home infrastructure.
Looking forward, SKYX plans to launch an AI-driven e-commerce platform designed to boost conversion and sales. This technological enhancement aims to streamline the customer journey and improve purchasing efficiency for smart home products. The company's website at https://skyplug.com/ provides additional information about its product offerings and technological vision.
Perhaps most significantly, SKYX cited progress toward safety code standardization for its ceiling outlet technology. This standardization effort, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders, could establish SKYX's technology as a new safety standard in residential and commercial buildings. The company maintains over 97 U.S. and global patents and patent pending applications for its advanced-safe-smart platform technologies.
For business and technology leaders, SKYX's developments signal several important trends. The $9.5 million investment demonstrates continued confidence in smart home infrastructure despite broader economic uncertainties. The expansion into Middle Eastern markets through the Global Ventures Group partnership highlights the global scalability of smart home technologies. The progress toward safety code standardization suggests potential regulatory tailwinds that could accelerate adoption across the construction and real estate industries.
The company's financial updates are available in its newsroom at https://ibn.fm/SKYX, providing transparency for investors tracking the smart home sector. As electricity remains standard in every building, SKYX's mission to make homes and buildings safe-advanced and smart represents both a technological evolution and a potential market transformation. The combination of financial stability, global expansion, retail partnerships, and regulatory progress positions SKYX as a company to watch in the convergence of construction, technology, and smart living standards.
