<SEC-DOCUMENT>0001493152-24-039662.txt : 20241007
<SEC-HEADER>0001493152-24-039662.hdr.sgml : 20241007
<ACCEPTANCE-DATETIME>20241007092804
ACCESSION NUMBER:		0001493152-24-039662
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241004
FILED AS OF DATE:		20241007
DATE AS OF CHANGE:		20241007

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SOKOLOW LEONARD J
		CENTRAL INDEX KEY:			0000923890
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41276
		FILM NUMBER:		241356336

	MAIL ADDRESS:	
		STREET 1:		REGATTA OFFICE PARK, WINDWARD THREE
		STREET 2:		4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			E9 KY11102

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SKYX Platforms Corp.
		CENTRAL INDEX KEY:			0001598981
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				463645414
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2855 W. MCNAB ROAD
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
		BUSINESS PHONE:		(855) 759-7584

	MAIL ADDRESS:	
		STREET 1:		2855 W. MCNAB ROAD
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SQL Technologies Corp.
		DATE OF NAME CHANGE:	20160812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Safety Quick Lighting & Fans Corp.
		DATE OF NAME CHANGE:	20140203
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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        <issuerName>SKYX Platforms Corp.</issuerName>
        <issuerTradingSymbol>SKYX</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>SOKOLOW LEONARD J</rptOwnerName>
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            <rptOwnerStreet1>C/O SKYX PLATFORMS CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>2855 W. MCNAB ROAD</rptOwnerStreet2>
            <rptOwnerCity>POMPANO BEACH</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33069</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Executive Officer</officerTitle>
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            <expirationDate>
                <value>2025-01-01</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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            <expirationDate>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
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                <value>3</value>
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                <footnoteId id="F2"/>
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                <underlyingSecurityTitle>
                    <value>Common Stock, no par value</value>
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    <footnotes>
        <footnote id="F1">Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).</footnote>
        <footnote id="F2">The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $3.00 per share.</footnote>
        <footnote id="F3">Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.</footnote>
        <footnote id="F4">Options vest over 3.5 years as follows, subject to continued employment through the vesting date: 120,000 vested on September 12, 2023; 300,000 vest in six semi-annual installments of 50,000, beginning on March 12, 2024; and 30,000 vest on March 12, 2027.</footnote>
        <footnote id="F5">The Series A-1 Preferred Stock (the &quot;Preferred Stock&quot;) has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an initial conversion price of $2.00 per share (or 12.5 shares of common stock for each share of Preferred Stock), subject to adjustment provisions (including certain anti-dilution provisions) and a minimum conversion price of $1.20 per share. Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.</footnote>
        <footnote id="F6">Includes 230,000 restricted stock units, which will vest as follows, subject to continued employment through the vesting date: 200,000 in four semi-annual installments of 50,000 beginning on March 12, 2025 and 30,000 on March 12, 2027.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Leonard J. Sokolow</signatureName>
        <signatureDate>2024-10-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
