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SQL Technologies Restructures Debt and Secures New Capital

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SQL Technologies Restructures Debt and Secures New Capital

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The latest announcement is out from SQL Technologies ( (SKYX) ).

On September 2, 2025, SQL Technologies restructured and extended the maturity date of two outstanding convertible promissory notes, totaling $2.75 million, by five years to September 2, 2030. The company also secured an additional $3.25 million in capital from a leading existing investor, resulting in a new subordinated secured convertible promissory note of $6 million. This move aims to bolster the company’s working capital and offers conversion options into common stock, with interest accruing at 10% per annum. The restructuring and new capital infusion are strategic steps to strengthen SQL Technologies’ financial position and provide flexibility for future growth.

The most recent analyst rating on (SKYX) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on SQL Technologies stock, see the SKYX Stock Forecast page.

Spark’s Take on SKYX Stock

According to Spark, TipRanks’ AI Analyst, SKYX is a Neutral.

The overall stock score is primarily impacted by the company’s challenging financial performance, characterized by persistent losses and high leverage. While the earnings call provided some positive developments, such as revenue growth and strategic collaborations, the financial risks remain significant. Technical analysis and valuation also indicate a cautious outlook, with neutral momentum and unattractive valuation metrics.

To see Spark’s full report on SKYX stock, click here.

More about SQL Technologies

Average Trading Volume: 588,710

Technical Sentiment Signal: Sell

Current Market Cap: $128.2M

Find detailed analytics on SKYX stock on TipRanks’ Stock Analysis page.

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