SKYX Platforms Corp., a smart home platform technology company, has entered into a securities purchase agreement with one fundamental institutional investor to raise $25 million in gross proceeds through a registered direct offering. The company is issuing 10 million shares of common stock at a purchase price of $2.50 per share with no warrants, with net proceeds intended for working capital and general corporate purposes. The closing is expected on or about Jan. 26, 2026, subject to customary closing conditions, with Roth Capital Partners acting as exclusive placement agent.
This capital infusion is significant for SKYX Platforms as it seeks to establish its plug & play technologies as the new standard for making homes and buildings safe, advanced, and smart. The company 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. Its platform emphasizes high-quality design, simplicity, and enhanced safety, with applications intended for every room in residential, commercial, hospitality, and institutional buildings worldwide.
The importance of this funding extends beyond corporate growth to potential industry transformation. SKYX's technologies are designed to modernize traditional electrical infrastructure while improving safety, functionality, and ease of use. As electricity is present in every home and building, the company's disruptive approach could reshape how electrical systems are installed and maintained. The plug & play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days, which could significantly impact construction and renovation industries.
SKYX follows a "razor-and-blades" model, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug & play smart home products. These include lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. The company's technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions.
The market potential for SKYX's technology is substantial, with the company estimating its U.S. total addressable market at approximately $500 billion. There are more than 4.2 billion ceiling applications in the U.S. alone, representing significant growth opportunities. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights.
For consumers and building owners, the implications of SKYX's technology advancement could mean safer, more functional living and working environments with easier installation and upgrade processes. The company's focus on making smart home technology accessible and standardized could accelerate adoption across various building types. Investors and industry observers can find the latest news and updates relating to SKYX in the company's newsroom at https://ibn.fm/SKYX.
The broader smart home industry stands to benefit from SKYX's continued development, as standardized, safer electrical infrastructure could drive innovation and competition. This funding round positions SKYX to advance its technology platform and expand its market presence, potentially influencing building codes, electrical standards, and smart home adoption patterns globally. The company's approach to integrating safety with smart technology addresses growing concerns about electrical safety in increasingly connected environments.
