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 deal will combine the companies' plug-and-play technologies across ceiling outlets, wall outlets, and wall switches, according to the press release. The merger is expected to accelerate deployment of SKYX technologies through Deako's builder footprint while creating opportunities for Deako products across SKYX hotel and development projects.
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. 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 business leaders and technology professionals, this merger signals a consolidation in the smart home and AI platform space, potentially accelerating the adoption of interoperable smart building technologies. The combined entity's scale—leveraging Deako's established builder relationships and SKYX's patented technologies—could pressure competitors to innovate or partner, while offering builders and developers a more integrated solution for smart home and commercial installations.
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 retail and commercial segments. Its technologies emphasize high quality and ease of use while enhancing safety and lifestyle in homes and buildings. The merger with Deako aligns with this vision by expanding the reach of plug-and-play smart technologies.
Investors and industry watchers can view the full press release at https://ibn.fm/OMnC3. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. The transaction remains subject to customary closing conditions, and its completion could reshape the competitive landscape for smart home and AI-driven building technologies.
