SKYX Platforms Corp. (NASDAQ: SKYX) has signed a merger agreement with Silicon Valley-backed smart home AI platform and intelligent lighting company Deako Inc., a move that could significantly reshape the smart home technology landscape by combining two complementary plug-and-play ecosystems. The merger brings together SKYX’s advanced ceiling and wall outlet technologies with Deako’s intelligent lighting and wall switch products, creating a unified platform that promises to simplify and accelerate the adoption of smart home and AI-driven solutions in residential and commercial buildings.
The strategic rationale is clear: Deako has shipped more than 32 million units over the past five years, generated over $26 million in revenue in 2025, and supplies more than 50 U.S. builders. This extensive builder footprint provides SKYX with a ready-made distribution channel to deploy its technologies at scale. Conversely, Deako’s products will gain exposure across SKYX’s hotel and development projects, opening new market opportunities. The combination is expected to create cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing—a critical shift toward higher-margin, recurring income streams in the smart home sector.
Under the agreement, SKYX will issue 25 million common shares as merger consideration, subject to a lockup and leak-out agreement. Current SKYX shareholders are expected to own 84.4% of the post-merger company, while Deako shareholders and its lender will collectively own 15.6%. SKYX will also pay Deako’s lender $4 million at closing and issue an $8.5 million note, with $2.25 million due in the first quarter of 2027 and $6.25 million in the fourth quarter. The deal brings together more than 120 patents and pending applications, underscoring the technological depth of the combined entity.
The implications for the smart home and building technology markets are substantial. By integrating SKYX’s safe, smart, and AI platform technologies—which include over 100 U.S. and global patents and patent pending applications—with Deako’s proven builder relationships, the merged company is positioned to set a new standard for safe-advanced and smart homes and buildings. SKYX’s mission to make electricity a standard in every home and building, with an emphasis on high quality and ease of use, aligns with Deako’s focus on intelligent lighting and controls. The combined portfolio could accelerate the adoption of plug-and-play smart technologies that enhance both safety and lifestyle, a necessity in every room in homes and other buildings across the U.S. and globally.
For investors, the merger offers a potential growth catalyst. The expected cost-saving synergies and recurring revenue opportunities from AI services, monitoring, subscriptions, and licensing could drive long-term value. The lockup and leak-out agreement on the 25 million shares issued as consideration may help stabilize the stock post-merger. Additionally, SKYX’s ownership of 60 lighting and home decor websites for retail and commercial segments provides a direct-to-consumer and commercial channel that could be leveraged to cross-sell Deako products.
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