SKYX Platforms (NASDAQ: SKYX) Receives Notice of Compliance from Nasdaq

On October 22, 2024, SKYX Platforms Corp. (the “Company”) announced that it had received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Company’s compliance with Nasdaq Listing Rule 5550(a)(2). Nasdaq staff determined that the Company had met the requirements outlined in the rule and have closed the matter.

Nasdaq’s assessment was based on the closing bid price of SKYX Platforms’ common stock, which remained at $1.00 per share or higher for 11 consecutive business days, spanning from October 7, 2024, to October 21, 2024.

This notification from Nasdaq signifies that SKYX Platforms is in alignment with the necessary listing standards set by the exchange, ensuring continued compliance with regulatory requirements.

In accordance with the Securities Exchange Act of 1934, the report was duly signed on October 23, 2024, by Leonard J. Sokolow, the Co-Chief Executive Officer of SKYX Platforms Corp.

This compliance update marks a positive development for SKYX Platforms as it maintains its standing within the Nasdaq marketplace, reflecting stability and adherence to regulatory standards.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read SKYX Platforms’s 8K filing here.

SKYX Platforms Company Profile

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products.