SCHEDULE: SKYX Platforms Corp. Beneficial Ownership Update
Beneficial Ownership Filing (Schedule 13D Amendment)
Dov Shiff and associated entities report a combined 11.5% beneficial ownership of SKYX Platforms Corp. following a share purchase agreement.
Summary
- This filing is an amendment to a previous Schedule 13D, reporting changes in beneficial ownership of SKYX Platforms Corp. common stock.
- Dov Shiff, Shiff Group Investments Ltd., and DZDLUX s.a.r.l. are the reporting persons.
- On July 2, 2026, DZDLUX s.a.r.l. purchased 235,712 shares of SKYX Platforms Corp. common stock from Shiff Group Assets Ltd. for approximately $245,140.
- The total beneficial ownership reported by the individuals and entities is 15,490,320 shares, representing 11.5% of the company's outstanding common stock.
- Dov Shiff also holds options to purchase 50,000 shares of common stock, with 47,083 exercisable within 60 days of the filing date.
- The reporting persons acquired these securities for investment purposes and may acquire or dispose of additional securities in the future.
- There are no current plans for actions described in Item 4(a)-(j) of Schedule 13D, except as may be proposed by Mr. Shiff as a director.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral to slightly positive. While it details a transaction and confirms significant insider ownership, it does not present new strategic initiatives or financial performance data that would strongly influence investor sentiment.
Positives
- The transaction involved a cash purchase of shares, indicating a clear financial commitment.
- Dov Shiff, a director, continues to hold a significant stake (11.5%) in the company, suggesting ongoing commitment.
- The purchase price was determined by reference to the official closing market price on the Nasdaq, implying a fair market value transaction.
- Options held by Mr. Shiff are exercisable within 60 days, indicating potential for increased direct ownership.
Negatives
- The sale of shares by Shiff Group Assets Ltd. to DZDLUX s.a.r.l. means SGA no longer holds shares in the company.
- The filing indicates potential future dispositions of securities, which could lead to downward price pressure if significant.
Risks
- Future acquisition or disposition of securities by the reporting persons could impact the stock price.
- The reporting persons reserve the right to formulate plans that could lead to significant corporate actions, the nature of which is not specified.
Future Outlook
The reporting persons may in the future acquire additional securities of the Company or dispose of some or all of the securities held by them. They do not have any present plan or proposal that would result in significant corporate actions, except as may be proposed by Mr. Shiff as a director or by the Board of Directors with his participation. The reporting persons reserve the right to formulate any such plans or proposals in the future.
Management Comments
- The Reporting Persons acquired the securities reported in this Statement for investment purposes.
- None of the Reporting Persons has any present plan or proposal that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as set forth herein or as may be proposed by Mr. Shiff in his capacity as a director of the Company or by the Board of Directors with his participation.
- The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Company, including any or all of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.
Industry Context
StockSavvy.ai notes that this Schedule 13D filing reflects a significant insider transaction and ownership update for SKYX Platforms Corp., a company operating in the technology sector, likely related to advanced lighting and safety solutions. Such filings are crucial for investors to understand the concentration of ownership and potential strategic intentions of major shareholders and management.
Related Party Transactions
- On July 2, 2026, DZDLUX s.a.r.l. purchased 235,712 shares of Common Stock from Shiff Group Assets Ltd. for approximately $245,140.
Stakeholder Impact
- Shareholders: The continued significant ownership by Dov Shiff and associated entities may provide a sense of stability, but potential future sales could impact share price.
- Management: Mr. Shiff's role as a director and significant shareholder suggests continued influence on company strategy.
- Creditors/Suppliers: No direct impact indicated by this filing.
Next Steps
- Reporting persons may acquire or dispose of additional securities.
- Reporting persons may formulate future plans or proposals regarding the company.
Key Dates
| Date | Description |
|---|---|
| 2021-12-31 | Grant date for options to purchase 25,000 shares of Common Stock at an exercise price of $12.00 per share. |
| 2022-03-11 | Grant date for options to purchase 5,000 shares of Common Stock at an exercise price of $12.34 per share. |
| 2023-04-05 | Grant date for options to purchase 5,000 shares of Common Stock at an exercise price of $3.28 per share. |
| 2024-04-04 | Grant date for options to purchase 5,000 shares of Common Stock at an exercise price of $1.09 per share. |
| 2025-03-27 | Grant date for options to purchase 5,000 shares of Common Stock at an exercise price of $1.26 per share. |
| 2026-03-31 | Grant date for options to purchase 5,000 shares of Common Stock at an exercise price of $1.12 per share. |
| 2026-05-12 | Date as of which 134,484,086 shares of Common Stock were reported as outstanding. |
| 2026-05-13 | Date of filing of the Company's Definitive Proxy Statement on Schedule 14A. |
| 2026-06-10 | Date Mr. Shiff transferred 80,000 shares of Common Stock to his spouse as a gift. |
| 2026-07-02 | Date of the Share Purchase Agreement between Shiff Group Assets Ltd. and DZDLUX s.a.r.l. |
| 2026-07-02 | Closing Date for the sale and purchase of shares. |
| 2026-07-13 | Date of filing of Amendment No. 8 to Schedule 13D. |
| 2026-12-31 | Expiration date for options to purchase 25,000 shares of Common Stock granted on December 31, 2021. |
| 2027-03-11 | Expiration date for options to purchase 5,000 shares of Common Stock granted on March 11, 2022. |
| 2028-04-05 | Expiration date for options to purchase 5,000 shares of Common Stock granted on April 5, 2023. |
| 2029-04-04 | Expiration date for options to purchase 5,000 shares of Common Stock granted on April 4, 2024. |
| 2030-03-27 | Expiration date for options to purchase 5,000 shares of Common Stock granted on March 27, 2025. |
| 2031-03-31 | Expiration date for options to purchase 5,000 shares of Common Stock granted on March 31, 2026. |
Keywords
SKYX Platforms Corp., Schedule 13D, Beneficial Ownership, Dov Shiff, DZDLUX s.a.r.l., Shiff Group Investments Ltd., Share Purchase Agreement, Nasdaq, Investment Purposes, Stock Options
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