SKYX Platforms closes merger with smart home tech company Deako
SKYX Platforms closed its merger with smart home technology provider Deako to expand into AI-enabled builder and hotel markets. Legacy SKYX shareholders hold 84.4% of the combined company; Deako shareholders and a lender hold 15.6%. Consideration included 25,000,000 SKYX shares, subject to a 21-month lock-up and leak-out structure. SKYX paid USD 4 million to Deako’s senior lender, issued an USD 8.5 million secured promissory note due in 2027. Combined pipeline estimated above 4 million units; expected average selling price about USD 50 per product; targeted annual cost savings above USD 6 million. 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 (Ref. ID: 202610140922PRIMZONEFULLFEED9845625) on October 14, 2026, and is solely responsible for the information contained therein. (C)
SKYX Platforms closed its merger with smart home technology provider Deako to expand into AI-enabled builder and hotel markets. 6%. Consideration included 25,000,000 SKYX shares, subject to a 21-month lock-up and leak-out structure. 5 million secured promissory note due in 2027.
Combined pipeline estimated above 4 million units; expected average selling price about USD 50 per product; targeted annual cost savings above USD 6 million. 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 (Ref. ID: 202610140922PRIMZONEFULLFEED9845625) on October 14, 2026, and is solely responsible for the information contained therein. (C)