Curated News
By: NewsRamp Editorial Staff
September 10, 2026
SKYX Merges with Deako to Revolutionize Smart Home Tech
TLDR
- SKYX acquires Deako to gain 50 builder clients and 32 million shipped units, accelerating smart home market share.
- SKYX issues 25 million shares, pays 4 million dollars and an 8.5 million dollar note to merge with Deako.
- SKYX and Deako merge to advance safe smart home tech, making daily living easier and safer for everyone.
- SKYX and Deako combine over 120 patents to create plug-and-play smart lighting and outlets for homes.
Impact - Why it Matters
This merger matters because it combines two innovative companies in the smart home and intelligent lighting space, potentially accelerating the adoption of advanced, safe, and smart technologies in homes and buildings. With over 120 patents and a strong builder network, the combined entity is poised to drive significant advancements in home automation, energy efficiency, and safety. Consumers can expect more integrated and user-friendly smart home solutions, while investors may benefit from the synergies and recurring revenue streams generated by AI services, monitoring, and subscriptions. The deal also highlights the growing trend of consolidation in the smart home industry, which could lead to faster innovation and broader market penetration.
Summary
SKYX Platforms (NASDAQ: SKYX) has signed a merger agreement with Silicon Valley-backed smart home AI platform and intelligent lighting company Deako Inc., combining their plug-and-play technologies across ceiling outlets, wall outlets, and wall switches. The deal brings together more than 120 patents and pending applications, and is expected to accelerate the deployment of SKYX's technologies through Deako's extensive builder footprint while creating new opportunities for Deako products across SKYX's hotel and development projects. Deako has shipped over 32 million units in the past five years, generated more than $26 million in revenue in 2025, and supplies more than 50 U.S. builders, making it a significant player in the smart home market.
Under the terms of 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%. Additionally, SKYX will 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 combination is anticipated to create cost-saving synergies and future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing.
To view the full press release, visit https://ibn.fm/OMnC3. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. TechMediaWire is a specialized communications platform focused on pioneering public and private companies driving the future of technology, and is part of the Dynamic Brand Portfolio @ IBN.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Merges with Deako to Revolutionize Smart Home Tech
