Curated News
By: NewsRamp Editorial Staff
October 14, 2026
SKYX Completes Merger with Deako, Creating Smart Home Powerhouse
TLDR
- SKYX's merger with Deako creates a pipeline of over 4 million units and expands patents to 120, positioning the company for significant market advantage.
- The merger involves SKYX issuing 25 million shares to Deako, resulting in 84.4% ownership for SKYX shareholders and 15.6% for Deako, with $6 million in annual cost savings.
- The merger aims to make homes safer and smarter by accelerating the adoption of plug-and-play smart home products, enhancing lifestyle and safety for homeowners.
- Deako shipped over 32 million units and generated more than $26 million in revenue in 2025, serving major home builders like D.R. Horton and Toll Brothers.
Impact - Why it Matters
This merger significantly impacts the smart home industry by combining SKYX's advanced AI and safe platform technologies with Deako's established builder relationships, potentially accelerating the adoption of smart home products in new residential construction. Homebuyers can expect more integrated, user-friendly smart home features, while investors may benefit from the company's expanded patent portfolio, recurring revenue opportunities, and anticipated cost savings. The deal also underscores the growing trend of consolidation in the smart home market, as companies seek to offer comprehensive solutions to builders and consumers.
Summary
SKYX Platforms (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has closed its merger with Deako Inc., a smart home technology provider that serves more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company boasts an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product, and anticipates more than $6 million in annual cost savings from operational synergies. Deako, which shipped over 32 million units and generated more than $26 million in revenue in 2025, brings established builder relationships that SKYX expects will accelerate adoption of its plug-and-play smart home products. The merger also expands the combined patent portfolio to over 120 issued and pending patents and creates opportunities for recurring revenue through AI services, subscriptions, and licensing. Under the transaction, SKYX issued 25 million common shares, leaving existing SKYX shareholders with 84.4% ownership and Deako shareholders and its lender with 15.6%.
This merger positions SKYX to capitalize on the growing demand for smart home technology. By integrating Deako's extensive builder network and proven track record, SKYX aims to make homes and buildings safer, smarter, and more advanced. The company's mission is to establish these technologies as a new standard, leveraging its portfolio of over 100 U.S. and global patents and patent pending applications. Additionally, SKYX owns 60 lighting and home decor websites for both retail and commercial segments. The combined entity is expected to drive significant value through operational efficiencies and new revenue streams, including AI-driven services and licensing. For more information, visit the full press release at https://ibn.fm/SDvVZ.
TechMediaWire, a specialized communications platform focused on pioneering technology companies, announced the merger. TechMediaWire is part of the Dynamic Brand Portfolio @ IBN, which provides comprehensive wire solutions, editorial syndication, press release enhancement, social media distribution, and corporate communications solutions. With a broad reach and a seasoned team, TechMediaWire serves private and public companies seeking to reach investors, influencers, consumers, and journalists.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Completes Merger with Deako, Creating Smart Home Powerhouse
