SKYX Platforms (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has closed its merger with Deako Inc., a smart home technology provider serving more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company has an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product, and anticipates more than $6 million in annual cost savings from operational synergies. Deako, which shipped more than 32 million units and generated over $26 million in revenue in 2025, brings established builder relationships that SKYX expects will accelerate adoption of its plug-and-play smart home products. The merger also expands the combined patent portfolio to more than 120 issued and pending patents and creates opportunities for recurring revenue through AI services, subscriptions and licensing. Under the transaction, SKYX issued 25 million common shares, leaving existing SKYX shareholders with 84.4% ownership and Deako shareholders and its lender with 15.6%.
This merger is significant for the smart home industry, as it combines SKYX's advanced safe and smart platform technologies with Deako's established builder network. The combined entity is poised to drive adoption of AI-enabled smart home products in new residential construction, potentially setting a new standard for home safety and automation. With a pipeline of over 4 million units, the merger could accelerate the integration of smart technologies into mainstream housing, benefiting homeowners through enhanced convenience and safety features. The expected cost savings and expanded patent portfolio further strengthen the company's competitive position and open avenues for recurring revenue streams, which could lead to more sustainable business models in the smart home sector.
For investors, the deal's structure leaves existing SKYX shareholders with 84.4% ownership, indicating confidence in the combined company's growth prospects. The merger also underscores the increasing convergence of AI and home building, as major builders like D.R. Horton and Toll Brothers are already customers of Deako. This could signal a broader trend of technology companies partnering with or acquiring firms that have direct relationships with home builders to scale smart home adoption. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. For full details on the merger, visit https://ibn.fm/SDvVZ.
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