New York, October 07, 2024 - PRISM MarketView - Smart lighting technology platform SKYX Platforms Corp (SKYX) announced the completion of an $11M strategic investment of a new class of preferred stock in SKYX at a conversion price of $2.00 per common share with an 8% dividend which has been led by global Marriot hotel-chain developer, Lance Shaner, Chairman and CEO of Shaner Hotel Group who owns over 60 hotels, and is joined by other key SKYX investors and management insiders. There are no warrants attached to this preferred stock class, and there was no investment bank involved.
“We are thrilled to have Mr. Shaner as a strategic lead investor, as he contributes vast multi-faceted business experience including in community and hospitality developments. His experience and reputation not only represent success, but his involvement also provides continued validation and a major stamp of approval that SKYX’s advanced and smart technologies are game-changing for buildings, hotels, and homes.”
Rani Kohen, Founder and Executive Chairman of SKYX
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.
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