SKYX Platforms Corp., a technology company focused on making homes and buildings safe and smart, has announced a $25 million registered direct offering. The company entered into a securities purchase agreement with a fundamental institutional investor, issuing 10 million shares of common stock at $2.50 per share. The offering, which has no warrants attached, is expected to close on or about January 26, 2026, subject to customary closing conditions. Roth Capital Partners acted as exclusive placement agent for the transaction.
The net proceeds from the offering are intended for working capital and general corporate purposes. This capital infusion comes as SKYX Platforms continues to develop its disruptive plug-and-play technologies designed to modernize traditional electrical infrastructure. The company's approach emphasizes improving safety, functionality, and ease of use in residential, commercial, hospitality, and institutional buildings worldwide.
SKYX Platforms holds over 100 issued and pending U.S. and global patents and owns 60 lighting and home décor websites serving both retail and professional markets. The company's technology platform is anchored by its advanced ceiling electrical outlet system and an expanding portfolio of smart home products. This includes lighting solutions, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, and various indoor and outdoor fixtures.
The company's plug-and-play technology enables rapid installation in high-rise buildings and hotels, significantly reducing deployment timelines from months to days. This efficiency could transform construction and renovation processes across multiple industries. SKYX Platforms follows a "razor-and-blades" business model that supports recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions.
According to company estimates, the U.S. total addressable market for SKYX's technologies is approximately $500 billion, with more than 4.2 billion ceiling applications in the United States alone. The company anticipates multiple revenue streams including product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights. This diversified approach positions SKYX Platforms to capture value across different segments of the smart home and building technology market.
The funding announcement represents a significant milestone for SKYX Platforms as it works to establish its technologies as industry standards. For investors and industry observers, the successful $25 million raise demonstrates institutional confidence in the company's vision and execution capabilities. The capital will enable SKYX to accelerate development and deployment of its safety-focused smart home solutions at a time when building automation and electrical safety are receiving increased attention from regulators, builders, and consumers alike.
Additional information about SKYX Platforms is available through the company's newsroom at https://ibn.fm/SKYX. The press release announcing the offering can be viewed at https://ibn.fm/X4h41. InvestorWire, the platform that distributed the original announcement, provides specialized communications services for public and private companies seeking to reach investors and the broader financial community through its website at https://www.InvestorWire.com.
