SKYX Platforms Corp. Attracts $11M Investment from Industry Leader

Strategic Investment Fuels Growth for SKYX Platforms Corp.

SKYX Platforms Corp. (NASDAQ: SKYX) has proudly announced a strategic investment totaling $11 million. This investment signals a pivotal moment for the company as it continues to navigate its path towards becoming a leader in smart platform technology. The funding comes at a conversion price of $2.00 per common share and is set to yield an 8% annual dividend. The investment is notably led by Lance Shaner, the esteemed Chairman & CEO of Shaner Hotel Group, who also brings onboard other key investors.

Identifying Unique Value in Advanced Technologies

Lance Shaner expressed enthusiasm regarding his partnership with SKYX. His acknowledgment of the company’s unique offerings highlights a significant opportunity for growth within the hospitality sector. According to Shaner, SKYX’s innovative platform is poised to revolutionize how hotels, buildings, and homes operate, ensuring they are not only advanced and smart but also safe. He views this alignment with SKYX as a long-term commitment to driving not just technological advancement but also cost-effectiveness and safety.

Reinforcing Stability and Future Prospects

For SKYX Platforms, this influx of capital is a major boost. Steve Schmidt, President of the company, is optimistic about the trajectory this investment promises. He stressed that having a global hotel chain developer like Shaner backing their efforts is further confirmation of their value in the marketplace. The additional cash flow will support continuing growth initiatives, especially in light of recent collaborations with leading companies around the globe.

Expertise and Validation in the Hospitality Sector

Rani Kohen, Founder and Executive Chairman of SKYX, echoed the sentiment of excitement regarding Shaner’s involvement. He noted that Shaner brings invaluable business acumen developed over years within community and hospitality developments. Such expertise not only enhances the credibility of SKYX but also exemplifies the potential for their technologies to reshape the future landscapes of buildings and hotels. This strategic partnership represents a significant stamp of approval for the company’s innovative approaches to safety and efficiency.

The Legacy of Shaner Hotels

Shaner Hotels, headquartered in State College, Pennsylvania, is an influential owner-operator in hospitality with over $1 billion invested in 60 hotel properties worldwide. With a rich history spanning more than 40 years, the company has been at the forefront of both new developments and the redevelopment of hotels, collaborating with leading brands such as Marriott and Hilton. Shaner Hotels maintains a strategic focus on growth, always seeking to evaluate and capitalize on new opportunities. This ensures they remain adaptable and poised for success in a dynamic industry.

Innovative Directions from SKYX Platforms Corp.

SKYX Platforms aims to redefine how electrical systems serve modern buildings. By developing advanced, smart platform technologies, they aspire to establish new standards for safety and functionality in homes and businesses everywhere. The company’s dedication to quality and ease of use places it in a strong position within both retail and commercial markets. With over 97 patents globally, SKYX is steadfast in its belief that their innovations are essential for contemporary living and working environments.

Frequently Asked Questions

What recent investment has SKYX Platforms Corp. secured?

SKYX Platforms Corp. has completed a $11 million strategic investment, led by Lance Shaner and other key investors.

What is the significance of the $2.00 conversion price?

The $2.00 conversion price pertains to the new class of preferred stock that can be converted into common shares, reflecting a valuation on the company and offering benefits to investors.

How does this investment impact SKYX's future?

This investment enables SKYX to enhance its cash position, supporting growth initiatives and recent collaborations with leading companies.

What role does Lance Shaner play in this investment?

Lance Shaner is the Chairman & CEO of Shaner Hotel Group and leads this investment, showcasing his confidence in SKYX’s technologies and value proposition.

What technologies does SKYX focus on?

SKYX specializes in smart platform technologies that promote safety and enhance living standards in homes and buildings, backed by a considerable patent portfolio.

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