SKYX Platforms Finalized Merger With Deako
The Miami-based company completed its acquisition of Deako to expand its footprint in the AI smart home market.
Updated on Oct. 14, 2026 in Healthcare
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SKYX Platforms Corp. officially closed its merger with Deako, Inc. on October 14, 2026. The deal, which issued 25 million shares of common stock, aims to combine technology portfolios and achieve annual expense savings exceeding $6 million.
Why it matters
This strategic consolidation integrates SKYX smart home technology into Deako’s established network of over 50 U.S. home builders. The move is expected to position the combined entity as a leader in AI home automation while steering the previously acquired firm toward profitability.
The transaction involved the issuance of 25 million shares and an $8.5 million secured promissory note. Deako previously generated $26 million in revenue during 2025 and has shipped over 32 million units historically.
The players
SKYX Platforms Corp.
This Miami-based firm specializes in smart home technology integration and platform development.
Deako, Inc.
This company is a provider of smart home lighting systems that serves a network of over 50 U.S. home builders.
The details
SKYX paid $2 million to Deako's senior lender at signing and another $2 million at closing, while implementing a 21-month lock-up agreement for issued shares. The combined company now manages a portfolio of over 120 issued and pending patents to support an estimated pipeline of 4 million units at an average price of $50 per product.
Timeline
Deako generated $26 million in revenue during 2025.
SKYX paid $2 million to Deako's senior lender on September 9, 2026.
The merger between SKYX and Deako closed on October 14, 2026.
A $2.25 million promissory note payment is due in Q1 2027.
A $6.25 million promissory note payment is due in Q4 2027.
Market Landscape
This merger follows the ongoing consolidation trend within the U.S. smart home and AI automation sector by integrating hardware and software capabilities under a single parent company. By absorbing Deako's builder network, SKYX positions itself to compete more aggressively against major home automation rivals.
Home builders and residential customers may see increased availability of integrated smart home lighting and automation systems as the companies merge their product pipelines. The combined patent portfolio suggests potential improvements in the interoperability and features of new smart home installations.
The takeaway
The merger signals a shift toward vertical integration in the smart home industry as companies look to consolidate technology portfolios. Investors and stakeholders should monitor the upcoming 2027 promissory note payments as a metric for the company's financial health post-acquisition.
What happens next
The company is scheduled to pay $2.25 million toward its secured promissory note in Q1 2027, followed by a payment of $6.25 million in Q4 2027.
Further reading
For more context on regional developments, visit the Miami Healthcare page.
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