SKYX Secures $11 Million Strategic Investment at $2.00 Per Share, Preferred Stock Convertible, Led by Global Marriott Hotel-Chain Developer, Lance Shaner, Owner of over 60 Hotels, Primarily Marriotts
SKYX Platforms Corp. (NASDAQ: SKYX) has secured an $11 million strategic investment through a new class of preferred stock, convertible at $2.00 per common share with an 8% annual dividend. The investment is led by Lance Shaner, Chairman & CEO of Shaner Hotel Group, a global Marriott hotel-chain developer owning over 60 hotels. This investment includes participation from other strategic and key SKYX investors.
SKYX management emphasizes having sufficient cash to achieve its goals, including recently announced collaborations and becoming cash flow positive during 2025. The company, with over 97 issued and pending patents globally and 60+ lighting and home décor websites, views this as a significant confirmation of its value proposition for hotels, buildings, and homes.
SKYX Platforms Corp. (NASDAQ: SKYX) ha ottenuto un investimento strategico di 11 milioni di dollari attraverso una nuova classe di azioni privilegiate, convertibili a 2,00 dollari per azione comune con un dividendo annuale dell'8%. L'investimento è guidato da Lance Shaner, Presidente e CEO del Shaner Hotel Group, un sviluppatore globale di catene alberghiere Marriott che possiede oltre 60 hotel. Questo investimento include la partecipazione di altri investitori strategici e chiave di SKYX.
La direzione di SKYX sottolinea l'importanza di avere liquidità sufficiente per raggiungere i propri obiettivi, comprese le collaborazioni recentemente annunciate e diventare positivi in termini di flusso di cassa entro il 2025. L'azienda, con oltre 97 brevetti emessi e in attesa a livello globale e oltre 60 siti web dedicati all'illuminazione e all'arredamento per la casa, considera questo un'importante conferma della propria proposta di valore per hotel, edifici e abitazioni.
SKYX Platforms Corp. (NASDAQ: SKYX) ha obtenido una inversión estratégica de 11 millones de dólares a través de una nueva clase de acciones preferentes, convertibles a 2.00 dólares por acción ordinaria con un dividendo anual del 8%. La inversión es liderada por Lance Shaner, Presidente y CEO del Shaner Hotel Group, un desarrollador global de la cadena hotelera Marriott que posee más de 60 hoteles. Esta inversión incluye la participación de otros inversores estratégicos y clave de SKYX.
La dirección de SKYX enfatiza la importancia de tener suficiente liquidez para alcanzar sus objetivos, incluidas las colaboraciones recientemente anunciadas y convertirse en positivos en flujo de caja durante 2025. La empresa, con más de 97 patentes otorgadas y pendientes a nivel mundial y más de 60 sitios web de iluminación y decoración del hogar, considera esto como una confirmación significativa de su propuesta de valor para hoteles, edificios y hogares.
SKYX Platforms Corp. (NASDAQ: SKYX)는 1100만 달러의 전략적 투자를 새로운 종류의 우선주를 통해 확보했습니다. 이는 주당 2.00달러로 전환 가능하며 연 8%의 배당금이 포함되어 있습니다. 이번 투자는 Lance Shaner에 의해 주도되며, 그는 60 개 이상의 호텔을 소유한 세계적 Marriott 호텔 체인 개발자인 Shaner Hotel Group의 회장이자 CEO입니다. 이 투자에는 다른 전략적 및 핵심 SKYX 투자자들의 참여도 포함되어 있습니다.
SKYX 경영진은 최근 발표된 협력과 2025년까지 현금 흐름이 긍정적으로 전환되는 목표를 달성하기 위해 충분한 현금을 보유하는 것이 중요하다고 강조하고 있습니다. 97개 이상의 등록 및 대기 중인 국제 특허를 보유하고 60개 이상의 조명 및 홈 데코 웹사이트를 운영하는 이 회사는 호텔, 건물 및 가정을 위한 가치 제안에 대한 중요한 확증으로 보고 있습니다.
SKYX Platforms Corp. (NASDAQ: SKYX) a obtenu un investissement stratégique de 11 millions de dollars grâce à une nouvelle classe d'actions privilégiées, convertible à 2,00 dollars par action ordinaire avec un dividende annuel de 8 %. L'investissement est dirigé par Lance Shaner, Président et CEO du Shaner Hotel Group, un développeur mondial de la chaîne hôtelière Marriott possédant plus de 60 hôtels. Cet investissement inclut la participation d'autres investisseurs stratégiques et clés de SKYX.
La direction de SKYX souligne l'importance d'avoir suffisamment de liquidités pour atteindre ses objectifs, y compris les collaborations récemment annoncées et devenir positif en flux de trésorerie d'ici 2025. L'entreprise, avec plus de 97 brevets délivrés et en attente au niveau mondial et plus de 60 sites Web d'éclairage et de décoration intérieure, considère cela comme une confirmation significative de sa proposition de valeur pour les hôtels, les bâtiments et les maisons.
SKYX Platforms Corp. (NASDAQ: SKYX) hat eine strategische Investition in Höhe von 11 Millionen Dollar durch eine neue Klasse von Vorzugsaktien gesichert, die zu einem Preis von 2,00 Dollar pro Stammaktie wandelbar sind und eine jährliche Dividende von 8% bieten. Diese Investition wird von Lance Shaner, dem Vorsitzenden und CEO der Shaner Hotel Group, geleitet, einem globalen Entwickler der Marriott-Hotelkette, der über 60 Hotels besitzt. Diese Investition umfasst auch die Beteiligung anderer strategischer und wichtiger SKYX-Investoren.
Das Management von SKYX betont die Notwendigkeit, über ausreichende liquide Mittel zu verfügen, um die gesetzten Ziele zu erreichen, einschließlich der kürzlich angekündigten Kooperationen und der Erzielung eines positiven Cashflows im Jahr 2025. Das Unternehmen, das weltweit über 97 erteilte und anhängige Patente sowie mehr als 60 Webseiten für Beleuchtung und Wohnkultur verfügt, sieht dies als eine bedeutende Bestätigung seines Wertangebots für Hotels, Gebäude und Wohnungen.
- Secured $11 million strategic investment at $2.00 per share
- Investment led by global Marriott hotel-chain developer Lance Shaner
- Management states sufficient cash to achieve goals and become cash flow positive by 2025
- Validation of SKYX's value proposition for hotels, buildings, and homes
- Enhanced cash position to support continuing growth and recent collaborations
- 8% annual dividend on new preferred stock may impact profitability
Management Emphasizes That It Has Sufficient Cash to Achieve Its Goals Including Recently Announced Collaborations and Being Cash Flow Positive During 2025
The
MIAMI, Oct. 07, 2024 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the "Company" or "SKYX"), a highly disruptive smart platform technology company with more than 97 issued and pending patents globally and over 60 lighting and home décor websites, today announced the completion of a strategic investment of
Mr. Shaner said, “I clearly recognize SKYX’s extreme value proposition for hotels, buildings, and homes, and its significant global growth opportunity. I am now aligned to participate as a significant long term minded SKYX investor. I strongly believe that SKYX’s game-changing advanced and smart platform technologies will make hotels, buildings, and homes, advanced, smart, and safe instantly, while saving cost, time, and lives.”
Steve Schmidt, President of SKYX, said, “We are truly excited about this strategic investment, led by a Marriott global hotel chain developer such as Lance Shaner. This represents another significant confirmation of our value proposition for hotels, buildings, and homes, while enhancing our cash position to support our continuing growth including our recent collaborations with U.S. and world leading companies.”
Rani Kohen, Founder and Executive Chairman of SKYX, said, “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.”
About Shaner Hotels
Headquartered in State College, Pa., Shaner Hotels is one of the foremost owner-operator companies in the hospitality industry with more than
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.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Investor Relations Contact:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
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