SKYX Platforms Closes Deako Merger, Issues 25 Million Shares and $8.5 Million Secured Note
SKYX Platforms closed its acquisition of Deako, issuing 25 million shares placed in escrow and subject to a 12-month lock-up with staged releases at 12, 15, 18 and 21 months. The headline also reports an $8.5 million secured note.
Story updates
01:04:59 PM UTC
SquawkNews
SKYX Platforms Corp. (SKYX) filed a Form 8K - Acquisition or Disposition of Assets - with the U.S Securities and Exchange Commission on October 14, 2026.On October 13, 2026, SKYX Platforms Corp. (the "Company") completed its previously announced merger (the "Closing") with Deako, Inc., a Delaware c…
01:22:51 PM UTC
SquawkNews
SKYX Announces Closing Of Merger With Leading AI Smart Home Technology Company Deako, Positioning The Combined Company To Become A Leader In The AI Smart Home Market >SKYX
01:27:33 PM UTC
SquawkNews
Combined Companies Have an Estimated Pipeline Exceeding 4 Million Units, with an Expected Average Selling Price of Approximately $50 per ProductDeako is a Leading Technology Supplier to Over 50 U.S. Home Builders Including D.R. Horton and Toll Brothers, Among OthersMIAMI, Oct. 14, 2026 (GLOBE NEWSW…
01:27:52 PM UTC
SquawkNews
SKYX Platforms Corp. closed its merger with Deako, citing a combined pipeline exceeding 4M units with an expected ~$50 ASP per product.Material DetailsContext by AI AnalystThis is an early-stage confirmation of SKYX’s push into scaled builder channels via M&A. For this to be a larger catalyst, watc…
SKYX Platforms completed its acquisition of Deako. It issued 25,000,000 shares, which were placed in escrow and are subject to a 12-month lock-up, with releases scheduled in stages at 12, 15, 18, and 21 months. 4% of the company and form…