SKYX completes Deako merger, adding a smart-home supplier to more than 50 U.S. builders

SKYX Platforms completed its merger with smart-home company Deako on October 14, 2026, bringing a supplier to more than 50 U.S. home builders into its business. The closing gives SKYX an established route to builders for its plug-and-play products, while management’s promised sales gains and cost savings still lie ahead.

The transaction’s payment trail began at signing on September 9, when SKYX paid Deako’s senior lender $2 million. It paid another $2 million at closing and issued an $8.5 million secured promissory note. Of that note, $2.25 million is payable in the first quarter of 2027, with the remaining $6.25 million due in the fourth quarter.

SKYX also issued 25 million common shares as merger consideration. Those shares carry a 21-month agreement restricting their sale: a full lock-up for the first 12 months, followed by releases at months 12, 15, 18 and 21. Sales are subject to a Rule 10b5-1 trading plan.

The resulting ownership leaves SKYX’s existing shareholders with a large majority of the combined company. Deako’s shareholders and its lender collectively hold the remaining stake. The announced consideration therefore includes both equity and obligations to Deako’s senior lender, with note payments extending into next year.

84.4%Existing SKYX shareholders

SKYX shareholders retain 84.4% of the combined company.

15.6%Deako shareholders and lender

Deako’s shareholders and lender collectively own 15.6%.

Deako brings operating history as well as customer access. According to SKYX’s announcement, it has shipped more than 32 million units, including smart plug-in wall switches, and generated more than $26 million in revenue in 2025. Its builder customers include D.R. Horton, Toll Brothers, Shea Homes and Schumacher Homes.

The product fit runs from walls to ceilings. Deako supplies plug-and-play lighting wall switches; SKYX says the combination will let it offer wall outlets, wall switches and ceiling outlet boxes for lighting, ceiling fans, smoke detectors and other smart-home and safety products. The aim is a broader system for homes and buildings rather than one category of device.

Management’s distribution plan works in both directions. SKYX expects to introduce its products through Deako’s builder relationships. It also sees openings for Deako products in SKYX projects, including Marriott and European hotels and Miami’s Smart City development. Those are intended deployment opportunities, not completed installations resulting from the merger.

The companies estimate a combined pipeline exceeding 4 million units, at an expected average selling price of about $50 per product. That is a pipeline estimate, not booked revenue. SKYX also projects that offering its full product range could increase Deako’s revenue per home by as much as fivefold.

On expenses, SKYX expects to eliminate more than $6 million in annual overlap. It says those reductions should move Deako into profitability and support SKYX’s goal of becoming cash-flow positive. These are projected benefits of combining the businesses, rather than financial results achieved at closing.

Beyond hardware sales, SKYX identifies AI services, monitoring, subscriptions, licensing and interchangeable plug-and-play products as possible sources of recurring revenue. Its risk disclosures flag the ability to integrate technologies, achieve market acceptance and pay the merger-related notes. With ownership settled, execution now rests on those commercial and financial steps.