SKYX Platforms shares are trading higher after the company announced the completion of a strategic investment of $11 million of a new class of preferred stock in SKYX with a conversion price of $2.00 per common share and an 8% annual dividend.
Portfolio Pulse from Benzinga Newsdesk
SKYX Platforms shares rose following the completion of an $11 million strategic investment in a new class of preferred stock, convertible at $2.00 per common share with an 8% annual dividend.
October 07, 2024 | 1:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
SKYX Platforms shares increased due to a strategic investment of $11 million in a new class of preferred stock, convertible at $2.00 per share, offering an 8% annual dividend.
The strategic investment indicates confidence in SKYX's future prospects, providing capital and potentially increasing shareholder value. The 8% dividend is attractive to investors, likely boosting demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100