SkyX Platforms agrees to merge with Deako
SkyX Platforms agreed to merge with Deako, issuing 25M shares (~18.5% post-merger), paying $4M cash, and $8.5M in 12% secured notes.
SKYX Platforms Corp. (NASDAQ:SKYX) agreed to merge with Deako in a deal that will combine the two businesses into an integrated smart home and buildings platform. 5M of 12% secured notes. SKYX said the combined platform is aimed at builders and hotels and is intended to support recurring revenue and cost synergies, pending Deako holder approval.