Techmediabreaks SKYX Platforms Corp. (NASDAQ: SKYX) Signs Merger Agreement With Deako To Expand Smart Home And AI Platform

(MENAFN- Investor Brand Network) SKYX Platforms (NASDAQ: SKYX) signed a merger agreement with Silicon Valley-backed smart home AI platform and intelligent lighting company Deako Inc., combining the companies plug-and-play technologies across ceiling outlets, wall outlets and wall switches. Deako has shipped more than 32 million units over the past five years, generated more than $26 million in revenue in 2025 and supplies more than 50 U.S. builders. SKYX said the combination is expected to accelerate deployment of its technologies through Deako builder footprint while creating opportunities for Deako products across SKYX hotel and development projects.

Under the agreement, SKYX will issue 25 million common shares as merger consideration, subject to a lockup and leak-out agreement, with current SKYX shareholders expected to own 84.4% of the post-merger company and Deako shareholders and lender collectively owning 15.6%. SKYX will also pay Deako 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 will bring together more than 120 patents and pending applications and is expected 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

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced, safe, smart and AI platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally.

NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company's newsroom at

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 75+ brands within the Dynamic Brand Portfolio IBN: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today's market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

MENAFN10092026000224011066ID1111648479