SKYX Platforms Corp. (NASDAQ: SKYX), a company focused on making homes and buildings safe, advanced, and smart, has signed a merger agreement with Deako Inc., a Silicon Valley-backed smart home AI platform and intelligent lighting company. The deal brings together plug-and-play technologies across ceiling outlets, wall outlets, and wall switches, creating a combined entity with over 120 patents and pending applications.
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. This merger matters because it could significantly expand the reach of both companies' smart home solutions, driving adoption among builders and developers and potentially setting new standards for residential and commercial buildings.
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. These financial terms underscore the strategic bet SKYX is making on Deako's technology and market position.
The combination is expected to create cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing. By integrating Deako's intelligent lighting and smart home AI platform with SKYX's advanced safe and smart platform technologies, the merged company aims to offer a comprehensive suite of products that enhance safety, convenience, and energy efficiency in homes and buildings. This could lead to more widespread adoption of smart home technologies, benefiting consumers and builders alike.
SKYX's mission is to make homes and buildings become safe-advanced and smart as the new standard. The company owns 60 lighting and home decor websites for both retail and commercial segments, and its technologies emphasize high quality and ease of use. With this merger, SKYX is positioning itself to capitalize on the growing demand for smart building solutions. For more details, the full press release is available at https://ibn.fm/OMnC3. Investors can also find the latest news and updates in SKYX's newsroom at https://ibn.fm/SKYX.
The merger's implications extend beyond the companies themselves. It signals a trend toward consolidation in the smart home and AI platform space, as companies seek to combine complementary technologies and customer bases to accelerate growth. For builders and developers, the combined entity could offer a one-stop shop for smart home infrastructure, simplifying installation and reducing costs. For consumers, it could mean more seamless and integrated smart home experiences. As the smart home market continues to evolve, SKYX's move to join forces with Deako could give it a competitive edge in delivering next-generation solutions.
