SKYX Platforms Completes Merger With AI Smart Home Tech Developer Deako
SKYX Platforms Corp. (NASDAQ:SKYX) has finalized its merger with Silicon Valley-backed smart home technology supplier Deako, Inc. Under the terms of the transaction, existing SKYX shareholders retain an 84.4% ownership stake in the combined entity, while Deako shareholders and its lender hold the remaining 15.6%. As part of the merger consideration, SKYX issued 25 million common shares under lock-up terms and paid $4 million in cash alongside an $8.5 million promissory note to Deako's senior lender.
The deal merges SKYX's safety and smart platform patent portfolio with Deako's established builder relationships. Deako generated more than $26 million in revenue in 2025 and has delivered over 32 million units to major home builders such as D.R. Horton and Toll Brothers. The combined entity possesses a product pipeline estimated at over 4 million units with an average selling price near $50. Combining operations is expected to eliminate more than $6 million in redundant annual expenses, pushing Deako toward profitability and aiding SKYX's goal of becoming cash flow positive.
Investors will look for SKYX to integrate its plug-and-play lighting, outlet, and safety technologies across Deako's network of more than 50 home builders. Market observers will also watch whether the company can expand Deako's revenue per home up to five-fold and realize recurring income from AI services, monitoring fees, subscriptions, and commercial hotel installations.
Key points
- SKYX Platforms shareholders hold 84.4% of the combined firm, with Deako shareholders and lender owning 15.6%.
- The transaction involved issuing 25 million shares, $4 million in cash payments, and an $8.5 million promissory note.
- Overlapping annual cost reductions are projected to exceed $6 million, assisting profitability and cash flow goals.
- Deako brings relationships with over 50 builders, having shipped over 32 million units and generated $26 million in 2025 revenue.
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How we writeDisclaimerQuestions and answers
What are the terms of the SKYX and Deako merger?
SKYX issued 25 million shares subject to a lock-up schedule, paid $4 million in cash, and issued an $8.5 million secured promissory note. Post-merger, SKYX shareholders hold 84.4% of the company, while Deako owners and its lender hold 15.6%.
How will Deako impact SKYX Platforms revenue?
Deako generated over $26 million in revenue in 2025 and supplies over 50 home builders. SKYX expects its full product suite to increase Deako's revenue per home up to five-fold while cutting annual expenses by over $6 million.
What home builders work with Deako?
Deako supplies over 50 U.S. home builders, including D.R. Horton, Toll Brothers, Risewell Homes, Adams Homes, Maronda Homes, Shea Homes, and Schumacher Homes.