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 Platforms closed its merger with Deako, Inc., a Silicon Valley-backed smart home company with over $26 million in 2025 revenue and 32 million units shipped. As consideration, SKYX issued 25 million shares (Deako holders receive 15.6% of the combined company, with SKYX holders retaining 84.4%), paid $4M in cash to Deako's senior lender, and issued an $8.5M secured promissory note payable through Q4 2027. The combined company cites a pipeline of over 4 million units at roughly $50 average selling price and over $6 million in annual expense synergies, with Deako supplying 50+ U.S. home builders including D.R.
Key figures
- Deal Value Usd
- 25,000,000 shares of common stock plus $12.5M cash and an $8.5M secured promissory note
- Shares Offered
- 25000000
- Expected asp
- approximately $50 per product
- Skyx ownership
- 84.4%
- Deako ownership
- 15.6%
- Promissory note
- $8.5M secured promissory note ($2.25M payable Q1 2027, $6.25M payable Q4 2027)
- Deako 2025 revenue
- over $26 million
- Deako units shipped
- over 32 million units
- Combined pipeline units
- over 4 million units
- Annual expense synergies
- over $6 million
AI analysis
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