In calendar 2Q2005 the company concluded a Series A preferred stock offering, raising $1.25M from about 10 investors.

In calendar 2006 the company concluded a Series B preferred stock offering, raising $3M from 5 investors. One of those investors was TXU Corp (NYSE: TXU).

Skyonic is in the process of developing a pilot-scale SkyMine™ plant. It is pursuing multiple funding strategies for it. Interested parties should contact the company.