SKYX (NASDAQ: SKYX) provided a corporate update on Feb. 19, 2026, announcing new retail launches, an NVIDIA collaboration, manufacturing partnerships, and recent institutional funding.
Key facts: over $33M raised (including a $25M $2.50/share common investment), extension of $13.5M notes to 2030, seven consecutive quarters of revenue growth, and retail rollouts at Home Depot, Target, Walmart, and Lowe’s.
Loading…
Loading translation…
Positive
- $33M total capital raised from institutions and investors
- $25M single investment at $2.50 per share in straight common
- Extended $13.5M of notes with maturities moved out to 2030
- Seven consecutive comparable quarters of revenue growth (Q1 2024–Q3 2025)
- Retail distribution launches at Home Depot, Target, Walmart, and Lowe’s
- NVIDIA AI Ecosystem Connect collaboration announced
- AI e-commerce rollout across 60 websites expected to boost conversion up to 30%
Recent institutional investments
$29 million
Headline reference to recent investments from fundamental institutions
Cash & receivables
$13 million
Total cash, cash equivalents, restricted cash, and receivables as of Sep 30, 2025
Capital raised post-Sep 30
Over $33 million
Cash raised from fundamental institutions and existing investors
Single institutional investment
$25 million at $2.50/share
Straight common equity with no warrants from one fundamental institution
Notes extended/converted
$13.5 million
Notes maturities pushed out five years to 2030
Shaner Group round
$16.5 million
Round led by Marriott hotel chain owner The Shaner Group
Revenue growth streak
7 consecutive quarters
Revenues increased from Q1 2024 through Q3 2025
Planned unit deployments
Over 1 million units
Expected deployment of smart plug & play technologies in upcoming projects
$2.12
Last Close
Volume
Volume 482,415 is below the 1,232,653 20-day average (relative volume 0.39) ahead of this update.
low
Technical
Shares trade above the 200-day MA, with price at $2.12 vs MA200 of $1.57 before the news.
Two peers (e.g., RFIL, ELVA) appeared on momentum scans moving down (median move about -9.2%), while SKYX was modestly lower (-0.93%) pre-release, suggesting pressure tied to broader electrical equipment sector dynamics.
Common Catalyst
No peer-specific headlines were recorded today; moves appear sector-driven rather than tied to a shared news catalyst.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Positive | +4.2% |
Announced Walmart launch of SKYFAN & TURBO HEATER with Q1 2026 rollout plans. |
|
| Feb 06 | Positive | +10.4% |
Launched SKYFAN & Turbo Heater at Home Depot with dedicated SkyPlug branding page. |
|
| Jan 27 | Negative | -3.6% |
Closed $25.0M registered direct common stock offering at $2.50 per share. |
|
| Jan 23 | Negative | -6.1% |
Priced $25.0M registered direct common stock deal at $2.50 with no warrants. |
|
| Jan 21 | Positive | +2.0% |
Announced Lowes launch of SKYFAN & TURBO HEATER targeting winter demand. |
In the last five events, SKYX’s share price consistently moved in the direction implied by the news tone, with launches lifting shares and equity offerings weighing on them.
Over recent months, SKYX has focused on retail expansion and capital raises. Launches of its plug & play SKYFAN & TURBO HEATER at Lowes, Home Depot, and Walmart in early 2026 were followed by positive price reactions. Two January 2026 common stock offerings totaling $25.0 million each under a shelf registration saw modest declines. Today’s broader corporate update, including NVIDIA collaboration and additional product rollouts, builds directly on this retail and capital-raising trajectory.
An effective Form S-3 resale registration dated Jan 16, 2026 covers up to 3,350,000 common shares for existing investors, including convertible preferred and private placement shares. SKYX will not receive proceeds from these resales, but potential conversions and stock dividends could dilute common shareholders and reduce their relative voting power.
This announcement combines operational and balance sheet milestones: over $33 million in recent funding, a $16.5 million strategic round, and seven consecutive quarters of revenue growth through Q3 2025. Management highlights expected deployment of over 1 million smart units and expanded retail channels. Investors may track execution on NVIDIA collaboration, hotel and smart-city projects, progress toward cash-flow positivity, and the impact of recent equity raises and resale registrations on future ownership dilution.
ai driven software
technical
“SKYX will be launching a new AI driven software for its e-commerce platform”
Software that uses artificial intelligence to analyze data, make predictions, or automate decisions, often by finding patterns in large datasets rather than following fixed rules. It matters to investors because AI-driven products can scale faster, cut costs, and create new revenue streams like an autopilot that improves with more flight hours, but they also carry risks around accuracy, regulatory scrutiny, and ongoing data or compute costs that affect profitability.
plug & play
technical
“smart home plug & play technologies during the course of these projects”
Plug & play describes a product, service, or system that can be used immediately with little or no setup or integration—like an appliance you can simply plug in and it works. For investors it matters because plug & play offerings usually speed time to revenue, reduce implementation costs and technical risk, and make partnerships or acquisitions easier to scale, which can support faster returns and steadier forecasts.
national electrical code (nec)
regulatory
“Mark Earley, former head of the National Electrical Code (NEC)”
The National Electrical Code (NEC) is a widely adopted U.S. safety standard that sets minimum requirements for safe electrical design, installation and inspection in buildings and infrastructure. Investors should care because NEC updates influence construction costs, project timelines, regulatory compliance and liability—similar to a building’s rulebook changing the materials and methods contractors must use, which can affect profit margins, budgets and risk on any company with physical facilities or construction projects.
AI-generated analysis. Not financial advice.
SKYX Announced Collaboration with NVIDIA AI Ecosystem Connect Program and Expects to Grow its Collaboration with NVIDIA into its Existing and Future Smart Home Projects
SKYX Announced Launch of its Patented Advanced SKYFAN and Turbo Heater to U.S. Leading Retailer Home Depot Including a New SkyPlug Branding Page on Homedepot.com
Additionally, SKYX has Recently Announced Launches of its Turbo Heater Fan at U.S. leading Retailers Target, Walmart, Lowe’s and on its E-commerce Platform with 60 Websites
Company Expects to Continue its Significant Growth with its SKYFAN & Turbo Heater in 2026 to Advance its Path to Cash-Flow Positive
SKYX Revenues Increased for 7 Consecutive Comparable Quarters from Q1 2024 through Q3 2025 and Expects to Continue its Quarterly Growth and Anticipates Securing Additional Significant Business Opportunities on Several Fronts During 2026
SKYX is Expected to Supply its Advanced and Smart Home Technologies to Upcoming and Future Key Projects in the U.S. and Globally including a North Carolina Smart Home Community, Austin Texas, San Antonio Texas, Miami Florida New
SKYX is Expected to Deploy Over 1 million Units of its Advanced and Smart Home Plug & Play Technologies During the Course of these Projects
SKYX Continues to Grow its Market Penetration and Expects to Deploy over 100,000 of its Products into Homes/Units by the end of 2026 through Retail and Pro Segments
SKYX’s Safety Code Standardization Team is Continuing its Progress Towards its Goal of a Safety Mandatory Standardization in Homes and Buildings of its Ceiling Outlet/Receptacle Technology
MIAMI, Feb. 19, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today provides a corporate update.
Highlights, Recent and Future Events
- Since reporting
$13 million in total cash, cash equivalents, restricted cash, and receivables as of September 30, 2025, the Company has raised over$33 million in cash from fundamental institutions and existing investors, with a$25 million investment from one fundamental institution at$2.50 per share in straight common with no warrants. All investments were made with no warrants. - In light of its strengthened balance sheet following recent capital raises, management believes the Company is well capitalized to execute its growth initiatives while progressing toward sustained cash-flow generation and profitability.
- Company has extended and converted
$13.5 million in notes coming due with maturity out to 5 years until 2030. - SKYX will be launching a new AI driven software for its e-commerce platform of 60 websites, expected to increase its conversion rate and sales up to
30% . - SKYX has successfully demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026.
- Marriott Hotel chain owner, The Shaner Group, led a
$16.5 million round. The Shaner Group is an owner and developer of more than 70 hotels worldwide. - SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 and are expected to continue to grow.
- Company is expecting to secure additional significant business opportunities in 2026.
- SKYX continues its growth and expects to deploy over 100,000 of its products into homes/units during 2026 through retail and pro segments.
- SKYX’s technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, subscriptions, and more.
- The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including in the U.S., Vietnam, Taiwan, China, and Cambodia.
Safety Standardization Mandatory Code / Insurance Specification and Recommendation:
- SKYX’s Safety Code Standardization Team is receiving support from a new significant prominent leader with its government safety agency’s process for a safety mandatory standardization of its electrical ceiling outlet/receptacle technology.
- SKYX’s code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). The Company’s safety Code Standardization team believes it will garner assistance from additional safety organizations with its code mandatory safety standardization efforts based on the product’s significant safety aspects. Mr. Earley and Mr. Jacobson were instrumental in numerous code and safety changes in both the electrical and lighting industries. Both strongly believe that, considering the Company’s standardization progress including its product specification approval voting for by ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturers Association) and being voted into 10 segments in the NEC Code Book, it has met the necessary safety conditions for becoming a ceiling safety standardization requirement for homes and buildings.
- With respect to insurance companies, the Company strongly believes its products can save insurance companies many billions of dollars annually by reducing fires, ladder falls, and electrocutions among other things. Management expects that once it completes an entire range and variations of its safe advanced plug & play products it will start being recommended by insurance companies.
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 100 U.S. and global patents and patent pending applications. Additionally, the Company owns 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.
- SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions. Company is focused on the “Razor & Blades” model and its product range includes its advanced ceiling electrical outlet (Razor) and its advance and smart home plug & play products (Blades) including its advance and smart home plug & play platform products, lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers/pendants, holiday/kids/themes lights, indoor/outdoor wall lights and others. Company’s plug & play technology enables an installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months.
- Company’s total addressable market (TAM) in the U.S. is roughly
$500 billion with over 4.2 billion ceiling applications in the U.S. alone. Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights.
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 First-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, including recent measures adopted by the federal government, 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
FAQ
What funding did SKYX (SKYX) announce on Feb. 19, 2026?
SKYX raised over $33 million in recent financings, including a $25 million investment at $2.50 per share. According to the company, all investments were made in straight common stock with no warrants, strengthening the balance sheet for 2026 growth plans.
How did SKYX describe its retail rollout for SKYFAN and Turbo Heater in 2026?
SKYX announced launches of SKYFAN and Turbo Heater at Home Depot, Target, Walmart, and Lowe’s and on its e-commerce channels. According to the company, products will also appear on its 60 websites and across retail and pro segments during 2026.
What collaboration did SKYX (SKYX) disclose with NVIDIA on Feb. 19, 2026?
SKYX joined the NVIDIA AI Ecosystem Connect program to grow AI integration into smart home projects. According to the company, it expects to expand NVIDIA collaboration across existing and future smart home deployments.
What operational targets did SKYX set for product deployment in 2026?
SKYX expects to deploy over 100,000 products into homes/units during 2026 through retail and pro segments. According to the company, larger smart city and development projects could see cumulative deployments exceeding 1 million units over time.
What did SKYX report about recent debt and note maturities on Feb. 19, 2026?
The company extended and converted $13.5 million in notes, pushing maturities out to 2030. According to the company, this restructuring supports longer-term capitalization and execution of its growth initiatives.
How will SKYX’s new AI e-commerce software affect sales conversion?
SKYX said the AI-driven e-commerce software across its 60 websites is expected to increase conversion rates and sales by up to 30%. According to the company, this tool is part of efforts to accelerate online revenue and profitability.
