Mergers & Acquisitions ·
SKYX Platforms Corp. entered into a merger agreement on September 9, 2026, to acquire Deako Inc., an AI smart home and…
SKYXSKYX Platforms Corp.
SKYX Platforms Corp. entered into a merger agreement on September 9, 2026, to acquire Deako Inc., an AI smart home and lighting systems company based in Seattle. Under the terms, SKYX will issue 25,000,000 shares representing 18.46% of its outstanding stock, subject to a 12-month lockup with quarterly releases thereafter. The transaction includes $4 million in cash payments to Deako's senior lenders and the issuance of $8.5 million in secured promissory notes bearing 12.0% annual interest. Post-merger, SKYX shareholders will own approximately 84.4% of the combined entity. Deako reported over $26 million in revenue for 2025 and has shipped more than 32 million units. The deal is expected to close by October 31, 2026, subject to customary conditions including shareholder approval. SKYX Platforms Corp. operates in the smart home technology sector, providing AI-driven lighting and safety solutions.