SKYX Platforms Corp. (NASDAQ: SKYX) has entered into a securities purchase agreement with a fundamental institutional investor to raise $25 million in gross proceeds through a registered direct offering. The company will issue 10 million shares of common stock at a purchase price of $2.50 per share, with no warrants attached. Roth Capital Partners acted as the exclusive placement agent for the transaction, which is expected to close on or about January 26, 2026, subject to customary closing conditions. The net proceeds are intended for working capital and general corporate purposes.
This capital infusion arrives as SKYX Platforms advances its technology platform focused on making homes and buildings safe, advanced, and smart as a new standard. The company is developing disruptive plug & play technologies designed to modernize traditional electrical infrastructure, with a core emphasis on improving safety, functionality, and ease of use. SKYX's platform targets applications in every room across residential, commercial, hospitality, and institutional buildings worldwide.
The company's business model follows a "razor-and-blades" strategy, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug & play smart home products. This portfolio includes lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, and various indoor and outdoor fixtures. A key operational advantage is the technology's ability to enable rapid installation in structures like high-rise buildings and hotels, potentially reducing deployment timelines from months to days.
For business and technology leaders, the funding underscores the growing financial validation for infrastructure-focused smart home solutions. SKYX estimates its U.S. total addressable market at approximately $500 billion, citing more than 4.2 billion ceiling applications in the U.S. alone. The company's strategy to build recurring revenue streams is notable, with plans encompassing product sales, licensing, royalties, subscriptions, AI-enabled services, and monitoring. This approach aligns with broader industry shifts toward service-based and software-defined models in the proptech and construction technology sectors.
The company's intellectual property portfolio, comprising over 100 issued and pending U.S. and global patents, provides a competitive moat. Additionally, SKYX owns 60 lighting and home décor websites that serve both retail and professional markets, which could facilitate direct consumer engagement and sales channels. The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX.
The successful $25 million raise signals institutional confidence in SKYX's vision to redefine electrical standards. For the industry, it highlights continued investment interest in technologies that bridge physical infrastructure with digital intelligence, aiming to set new benchmarks for safety and convenience in built environments globally.
