SKYX Platforms closes merger with smart home tech company Deako
Bitget2026/10/14 13:22- SKYX Platforms closed its merger with smart home technology provider Deako to expand into AI-enabled builder and hotel markets.
- Legacy SKYX shareholders hold 84.4% of the combined company; Deako shareholders and a lender hold 15.6%.
- Consideration included 25,000,000 SKYX shares, subject to a 21-month lock-up and leak-out structure.
- SKYX paid USD 4 million to Deako’s senior lender, issued an USD 8.5 million secured promissory note due in 2027.
- Combined pipeline estimated above 4 million units; expected average selling price about USD 50 per product; targeted annual cost savings above USD 6 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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