SKYX to Acquire Deako for 25M Shares, $4M Cash, and $8.5M Note — 18.46% Dilution
SKYX sits 45% above its 52-week low of $0.946.
Summary
SKYX Platforms signed a merger agreement to acquire Deako, an AI smart home company, for 25 million shares (18.46% dilution), $4 million cash, and an $8.5 million secured note. The deal adds Deako's builder channel and 32 million units shipped, but brings significant dilution and new debt.
Key Events · M&A and Partnerships · SKYX
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Merger Agreement Signed
SKYX will acquire Deako, an AI smart home and lighting company, with Merger Sub merging into Deako. Deako's 2025 revenue was $26M with 32M units shipped over 5 years.
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Consideration: 25M Shares + $4M Cash + $8.5M Note
SKYX issues 25,000,000 shares (18.46% of outstanding) into escrow, pays $4M cash ($2M at signing, $2M at closing), and delivers an $8.5M senior secured note at 12% interest ($2.25M due 120 days post-close, $6.25M due 12 months post-close).
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Senior Lender Priority Payment
Deako's senior lenders (MassMutual entities) receive a priority payment of $18,050,000 plus 12% simple interest, funded by sale of escrowed shares under a Rule 10b5-1 plan.
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Lock-Up and Release Schedule
Escrowed shares are locked for 12 months, then released in 25% tranches at 12, 15, 18, and 21 months. Early release triggers if SKYX stock closes at or above $5.00, with a $4.00 floor price on sales.
Analysis · SKYX · Manufacturing
SKYX is acquiring Deako, an AI smart home and lighting company, in a stock-and-cash deal that will issue 25 million new shares — 18.46% of the company — plus $4 million in cash and an $8.5 million senior secured note at 12% interest. The shares go into escrow and are sold over 12–21 months to repay Deako's senior lenders a priority payment of $18.05 million plus interest. This is a transformative acquisition that gives SKYX access to Deako's 50+ builder relationships including D.R. Horton and Toll Brothers, but it comes with meaningful dilution and a new secured debt obligation. The deal is subject to Deako stockholder approval and must close by October 31, 2026.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.7% of the 1838 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SKYX was trading at $1.37 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $189.6M. The 52-week trading range was $0.95 to $3.29. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.