Material Agreement (Form 8-K)

On January 13, 2026, SKYX Platforms Corp. (the "Company") reported that it entered into a Securities Purchase Agreement (the "Purchase Agreement") with a new strategic investor. The Company closed on gross proceeds of $4,000,000. Pursuant to the Purchase Agreement, the investor purchased 2,000,000 shares of the Company's common stock, no par value per share (the "Common Stock"), at a purchase price of $2.00 per share.

The Purchase Agreement contains customary representations, warranties, agreements and indemnification rights and obligations of the parties, and provides the purchasers with certain registration rights. The Company intends to use the proceeds for working capital and other general corporate purposes.

The foregoing summary of the Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the form of Purchase Agreement dated January 7, 2026, a copy of which is filed as to this Current Report on Form 8-K (this "Current Report") and is incorporated herein by reference.

The representations, warranties and covenants contained in the Purchase Agreement were made solely for the benefit of the parties to the Purchase Agreement and may be subject to limitations agreed upon by the contracting parties. Accordingly, the Purchase Agreement is incorporated herein by reference only to provide investors with information regarding the terms of the Purchase Agreement, and not to provide investors with any other factual information regarding the Company or its business, and should be read in conjunction with the disclosures in the Company's periodic reports and other filings with the Securities and Exchange Commission (the "SEC").

The disclosures set forth under Item 1.01 of this Current Report are incorporated by reference in this Item 3.02. The issuance of the shares of Common Stock was deemed to be exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, including Regulation D and Rule 506 promulgated thereunder, as transactions by the Company not involving a public offering.