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, in a move that could significantly reshape the smart home and building technology landscape. The combination brings together SKYX's plug-and-play technologies for ceiling outlets, wall outlets, and wall switches with Deako's established builder network and product line.
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. That footprint is expected to accelerate the deployment of SKYX's technologies through Deako's builder relationships, while also creating opportunities for Deako products across SKYX's hotel and development projects. The deal underscores a growing trend of consolidation in the smart home sector, where scale and integration are increasingly critical to driving adoption and recurring revenue.
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.
The strategic rationale extends beyond simple product integration. By combining SKYX's advanced, safe, smart, and AI platform technologies—protected by over 100 U.S. and global patents and patent pending applications—with Deako's builder-centric distribution, the merged entity aims to make smart home technology a standard feature in new construction. SKYX also owns 60 lighting and home decor websites for both retail and commercial segments, which could provide additional cross-selling opportunities. The company believes its products are a necessity in every room in both homes and other buildings in the U.S. and globally.
For investors, the merger signals a potential acceleration in SKYX's path to commercialization and recurring revenue. The lockup and leak-out agreement on the 25 million shares issued to Deako shareholders may help stabilize the stock post-merger. The combined company's ability to generate recurring revenue from AI services, monitoring, and subscriptions could provide a more predictable financial profile over time. However, integration risks and the execution of cost-saving synergies remain key factors to watch.
The full press release can be viewed 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. For more information about TechMediaWire, visit https://www.TechMediaWire.com.
