Brief: SKYX Platforms Signed Agreement To Acquire Belami

SKYX Platforms

08/02/2023 02:06

Feb 7 (Reuters) - SKYX Platforms Corp  SKYX.O :
    * SKYX SIGNS TO ACQUIRE STRATEGIC LIGHTING E-COMMERCE
CONGLOMERATE
WITH $86 MILLION IN REVENUES AND 64 WEBSITES
    * ACQUISITION PAYMENTS TO INCLUDE UP TO 5,223,991 SHARES OF
SKYX'S
COMMON STOCK AND $8 MILLION IN CASH AT CLOSE
    * SKYX PLATFORMS- AGREED TO ASSUME BELAMI'S LOAN AGREEMENT
WITH
PNC BANK, NATIONAL ASSOCIATION OF $2.0 MILLION CREDIT AND TERM
LOAN OF APPROX $2.5 MILLION

Source text for Eikon:  ID:nEQ2HHHMwa 
Further company coverage:  SKYX.O 
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