SKYX Platforms Corp. (NASDAQ: SKYX) has signed a merger agreement with Deako Inc., a Silicon Valley-backed smart home AI platform and intelligent lighting company, the company announced. The deal brings together SKYX’s plug-and-play technologies for ceiling outlets, wall outlets, and wall switches with Deako’s established presence in the U.S. homebuilding market.
Deako has shipped more than 32 million units over the past five years, generated more than $26 million in revenue in 2025, and supplies more than 50 U.S. builders. SKYX said the combination is expected to accelerate deployment of its technologies through Deako’s builder footprint while creating opportunities for Deako products across SKYX hotel and development projects.
Under the agreement, SKYX will issue 25 million common shares as merger consideration, subject to a lockup and leak-out agreement. Current SKYX shareholders are expected to own 84.4% of the post-merger company, while Deako shareholders and its lender will collectively own 15.6%. SKYX will also pay Deako’s lender $4 million at closing and issue an $8.5 million note, with $2.25 million due in the first quarter of 2027 and $6.25 million in the fourth quarter.
The combination will bring together more than 120 patents and pending applications and is expected to create cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing. For more details, see the full press release at https://ibn.fm/OMnC3.
SKYX’s mission is to make homes and buildings safe-advanced and smart as the new standard. The company holds over 100 U.S. and global patents and patent pending applications and owns 60 lighting and home decor websites for both retail and commercial segments. Its technologies emphasize high quality and ease of use while enhancing safety and lifestyle in homes and buildings.
The merger could significantly impact the smart home industry by consolidating advanced plug-and-play technologies and expanding their reach through Deako’s builder network. With more than 120 patents combined, the merged entity may drive innovation in safe, smart, and AI-enabled home solutions. The deal also positions SKYX to capitalize on recurring revenue streams from AI services and subscriptions, potentially reshaping how homes and buildings integrate smart technology.
Investors can find the latest news and updates relating to SKYX in the company’s newsroom at https://ibn.fm/SKYX.
