SKYX Platforms to Merge with Deako, Creating Smart Home Powerhouse with 120 Patents

SKYX Platforms Corp. (NASDAQ: SKYX) has entered into 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 technology landscape. The combination will integrate SKYX's plug-and-play technologies for ceiling outlets, wall outlets, and wall switches with Deako's established builder network and product suite, according to the full press release. The deal is expected to accelerate the deployment of SKYX's technologies through Deako's extensive builder footprint while creating new opportunities for Deako products across SKYX's hotel and development projects.

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 brings together more than 120 patents and pending applications, positioning the combined company as a formidable player in the smart home and AI platform space. The strategic rationale is clear: by leveraging Deako's builder relationships, SKYX can rapidly scale its advanced safety and smart home technologies, while Deako gains access to SKYX's commercial projects and intellectual property.

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, with Deako shareholders and lender collectively owning 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. This financial structure reflects confidence in the combined entity's future cash flows and growth prospects.

The merger is expected to create cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing. As electricity is a standard in every home and building, SKYX's mission is to make homes and buildings safe-advanced and smart as the new standard. With over 100 U.S. and global patents and patent pending applications, the company also owns 60 lighting and home decor websites for both retail and commercial segments. The addition of Deako's technology and market presence could accelerate the adoption of SKYX's products, which are designed to enhance safety and lifestyle in homes and buildings.

For investors, the merger represents a significant step in consolidating the fragmented smart home market. The combined company's ability to offer end-to-end solutions—from ceiling outlets to wall switches—could make it a preferred partner for builders and developers. The latest news and updates relating to SKYX are available in the company's newsroom. Additionally, TechMediaWire, a specialized communications platform focused on pioneering technology companies, provides further coverage of such developments, with more information available at TechMediaWire.com. The deal's success will depend on integration execution and the realization of anticipated synergies, but the strategic fit and complementary technologies suggest a promising future for the combined entity.