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InvestorNewsBreaks – SQL Technologies Inc. (NASDAQ: SKYX) Announces Pricing of Upsized IPO

SQL Technologies Inc. (NASDAQ: SKYX) (“Sky Technologies”), a highly disruptive platform product technology company enhancing safety and lifestyle in homes and buildings, has announced the pricing of its upsized initial public offering of 1,650,000 shares of its common stock, each at an initial public offering price of $14.00. Sky Technologies has additionally granted the underwriters a 30-day option to purchase up to 247,500 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover any over-allotments. According to the news release, the offering price was increased from a preliminary range of $11.00 to $13.00 to $14.00 per share. The shares of common stock are expected to begin trading under the ticker symbol SKYX on the Nasdaq Stock Market on Feb. 10, 2022. Subject to customary conditions, the offering is anticipated to close on Feb. 14, 2022. Gross proceeds to Sky Technologies are expected to be $23.1 million, before deducting underwriting discounts, commissions and other offering expenses and excluding any exercise of the underwriters’ option to purchase additional shares. The Benchmark Company is serving as sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/bDjhk

About Sky Technologies

As electricity is a standard in every home and building, the mission of Sky Technologies is to make homes and buildings become safe-advanced and smart as the standard. Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. The company’s technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. Sky Technologies believes that its products are a necessity in every room in both homes and other buildings in the U.S. and globally.

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