Oct. 4 at 2:26 AM
$SKYT
From the S-3….generally seems like boilerplate stuff. But the last line about not receiving any proceeds seems to contradict the statement above it where the funds could be used for operations, debt, and working capital, etc.
USE OF PROCEEDS
Unless otherwise described in the applicable prospectus supplement, we intend to use the net proceeds from the sale of the securities to which this
prospectus relates for general corporate purposes. General corporate purposes may include funding of operations, repayment of indebtedness, acquisitions or strategic investments in businesses or technologies, additions to working capital and/or capital expenditures. Pending such use, we may temporarily invest the net proceeds in short-term investments.
We will not receive any proceeds from the sale of shares of common stock by selling stockholders.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001819974/464de9f4-3043-43a0-9088-7f3a4e93249e.pdf
