SKYX Platforms Corp. (NASDAQ: SKYX) has entered into a merger agreement with Deako Inc., a Silicon Valley-backed smart home AI platform and intelligent lighting company, according to a company announcement. The transaction pairs SKYX's plug-and-play technologies for ceiling outlets, wall outlets, and wall switches with Deako's established footprint in the U.S. homebuilding market.

Deako has shipped more than 32 million units over the past five years, generated revenue exceeding $26 million in 2025, and supplies more than 50 U.S. builders. According to SKYX, the combination is expected to accelerate the deployment of its technologies through Deako's builder network while creating opportunities for Deako products across SKYX's hotel and development projects. This gives the agreement two stated channels for expansion: builder distribution for SKYX products and access to hotel and development projects for Deako products.

Under the terms of the agreement, SKYX will issue 25 million common shares as merger consideration, subject to a lockup and leak-out agreement. Existing SKYX shareholders are expected to hold 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 the remaining $6.25 million payable in the fourth quarter.

The combined business will bring together more than 120 patents and pending applications and is expected to generate cost-saving synergies along with future recurring revenue opportunities from product upgrades, AI services, monitoring, subscriptions, and licensing. The full press release is available at

SKYX states that its mission is to make homes and buildings safe-advanced and smart as the new standard. The company holds over 100 U.S. and global patents and patent pending applications and owns 60 lighting and home decor websites serving both retail and commercial segments. Its technologies are designed to combine high quality and ease of use with enhanced safety and lifestyle benefits for homes and buildings.

The merger brings together product distribution, intellectual property, and potential recurring-revenue offerings across residential, hospitality, and development applications. The agreement's stated areas of focus include integrating the companies' technologies, pursuing cost-saving synergies, and developing product upgrades, AI services, monitoring, subscriptions, and licensing. These initiatives provide the main areas to watch as the proposed combination progresses.

The latest news and updates on SKYX are available in the company's newsroom at