SKYX Platforms Has Closed Its Merger With Deako
The Miami-based company finalized the acquisition on October 14, 2026, to expand its AI smart home technology portfolio.
Updated on Oct. 14, 2026 in Healthcare
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Miami-based SKYX Platforms Corp. has finalized its merger with the smart home company Deako, Inc. The deal aims to combine the companies into a leader in the AI smart home market.
Why it matters
The combined company expects the merger to generate over $6 million in annual expense savings and move Deako into profitability. This integration puts SKYX smart home technologies into a network serving more than 50 U.S. home builders.
SKYX shareholders now hold 84.4% of the combined firm, while former Deako stakeholders control 15.6% following the issuance of 25 million common shares. The deal includes $8.5 million in secured promissory notes, with payments scheduled for 2027.
The players
SKYX Platforms Corp.
A Miami-based technology company that has now finalized its acquisition of Deako, Inc.
Deako, Inc.
A smart home company that has historically shipped over 32 million units.
The details
SKYX Platforms integrated its technology with Deako's network of over 50 home builders, bringing the total portfolio to over 120 patents. Issued shares are subject to a 21-month lock-up and leak-out agreement to manage the transition. The company intends to pay down its $8.5 million debt with installments of $2.25 million in Q1 2027 and $6.25 million in Q4 2027.
Timeline
2025: Deako generated $26 million in revenue.
September 9, 2026: SKYX made an initial $2 million payment to Deako's lender.
October 14, 2026: The merger between SKYX and Deako officially closed.
Q1 2027: A $2.25 million payment on the secured promissory note is due.
Q4 2027: A $6.25 million payment on the secured promissory note is due.
Beyond the 305
This merger follows the documented trend of integrating proprietary AI technology into existing residential construction networks to achieve scale. The move mirrors consolidation efforts seen in the broader U.S. smart home sector over the last two fiscal years.
As a local technology firm gains a larger footprint in the U.S. home-building market, residents involved in the local tech and construction sectors may see shifts in industry presence. Shareholders should note that common shares remain under a 21-month lock-up agreement.
The takeaway
The merger successfully combines a 120-patent portfolio with a reach of over 50 national home builders. Investors should watch the upcoming 2027 debt payment schedule to track the company's path toward projected profitability.
What happens next
Investors and stakeholders should monitor the scheduled debt repayments in Q1 and Q4 of 2027.
Further reading
For more on local business trends, visit Healthcare.
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