Material Agreement, Amendments to Bylaws (Form 8-K)

On December 30, 2025, SKYX Platforms Corp. (the "Company") signed and closed on Securities Purchase Agreements (the "Purchase Agreements") from an existing and a new strategic investor for gross proceeds of $500,000. Pursuant to the Purchase Agreements, the investors purchased 20,000 shares of the Company's Series A-2 Preferred Stock, no par value per share (the "Series A-2 Preferred Stock"), at a purchase price of $25.00 per share with no price protection.

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 Agreements 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 Agreements, a copy of which is filed as Exhibit 10.1to 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 and Item 5.03 of this Current Report are incorporated by reference in this Item 3.02. The issuance of the Series A-2 Preferred 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.

Effective December 23, 2025, the Company filed an Articles of Amendment (the "Amendment") to the Certificate of Designation of Rights, Preferences and Privileges of Series A-2 Preferred Stock, having an original issue price of $25.00 per share, with the Division of Corporations of the Florida Department of State. Pursuant to the Amendment, the Company increased the number of shares designated as Series A-2 Preferred Stock from 40,000 shares to 160,000 shares.

The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report and is incorporated herein by reference.