SKYX Merges with Deako to Create End-to-End Smart Home Platform — SKYX Platforms Corp.

Event summary

SKYX Platforms Corp. merges with Deako Inc., a smart home AI platform and intelligent lighting company, to create an end-to-end smart home solution.
Deako has shipped over 32 million units of its technologies, including smart home plug-in wall switches, with $26 million in revenue in 2025.
The merger will enable SKYX to address the entire smart electronic real estate of electrical outlet boxes in homes and buildings with plug & play solutions.
SKYX will issue 25 million shares of common stock to Deako shareholders, representing 18.46% of the company, subject to a 2-year lockup agreement.
The merger will expand the collective patent portfolio to over 120 patents and patent pending applications.

The big picture

The merger between SKYX and Deako aims to address the fragmented smart home market by offering an end-to-end, plug & play solution. This strategic move comes as the smart home industry seeks to simplify installation and enhance safety, aligning with broader trends in AI-driven home automation. The combined entity will leverage Deako’s extensive builder relationships and SKYX’s patented safety technologies to target the smart home, builder, and hotel markets.

What we're watching

Market Penetration: How the merger will accelerate SKYX’s entry into Deako’s vast builder market footprint of over 50 U.S. builders.
Recurring Revenue: Whether the combined company can capitalize on future recurring revenue opportunities from plug & play product interchangeability, AI services, monitoring, subscriptions, and licensing.
Integration Challenges: The pace at which SKYX and Deako can integrate their technologies and operations to realize the expected cost-saving synergies.