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, in a move that could significantly reshape the smart home and building technology landscape. The combination 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. builder market. Deako has shipped more than 32 million units over the past five years, generated over $26 million in revenue in 2025, and supplies more than 50 U.S. builders. This merger is expected to accelerate the deployment of SKYX’s technologies through Deako’s builder footprint while creating new opportunities for Deako products across SKYX’s hotel and development projects.
Under the terms of 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 transaction will bring together more than 120 patents and pending applications, positioning the combined company to realize cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing.
The implications of this merger are substantial. By integrating Deako’s smart home AI platform and intelligent lighting with SKYX’s advanced safe, smart, and AI platform technologies, the combined entity aims to make homes and buildings safer, smarter, and more connected as a new standard. SKYX’s mission is to make homes and buildings become safe-advanced and smart as the new standard, and it owns over 100 U.S. and global patents and patent pending applications, as well as 60 lighting and home decor websites for both retail and commercial segments. The merger is expected to enhance SKYX’s ability to penetrate the residential builder market, where Deako already has a strong foothold, and to leverage Deako’s technology in SKYX’s commercial projects, including hotels.
For investors, the deal offers a clear path to accelerated growth and potential recurring revenue streams. The combination of SKYX’s disruptive technologies and Deako’s proven market traction could create a formidable player in the smart home and building automation space. The transaction also underscores the growing convergence of AI, smart home technology, and traditional electrical infrastructure, a trend that is likely to continue as buildings become more connected and intelligent. The full press release can be viewed at https://ibn.fm/OMnC3. For ongoing updates on SKYX, visit the company’s newsroom at https://ibn.fm/SKYX.
