SKYX Platforms issues $8.5 million senior secured promissory note to Deako lenders at 12% interest

SKYX Platforms completed its merger with Deako on Oct. 13, 2026, issuing a senior secured promissory note to Deako’s senior lenders. Promissory note totals USD 8,500,000, secured by the company’s personal property, with 12% annual interest. USD 2,250,000 matures 120 days post-closing; remaining balance due on the 12-month closing anniversary. Cash payments to the senior lenders totaled USD 4,000,000, split between Sept. 9, 2026 and the closing date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SKYX Platforms Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-046938), on October 14, 2026, and is solely responsible for the information contained therein. (C)