SKYX agreed to buy Deako by issuing 25,000,000 shares (18.46%), paying $4,000,000, and issuing $8,500,000 in 12% notes. That creates large share dilution and new secured debt, and the lenders will sell shares under a Rule 10b5-1 plan.
SKYX agreed to buy Deako by issuing 25,000,000 shares (18.46%), paying $4,000,000 and issuing $8,500,000 in 12% secured notes. Those steps create large dilution, new secured borrowing, and planned lender share sales.
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