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.
You may also like
Pi Network News: PI Price Jumps 4% as Team Announces Three-Day Developer Summit
These Alts Bleed the Most as Bitcoin (BTC) Settles Below $82K: Weekend Watch
New York Fed warns: Service sector input and sales prices surge, significant price pressure
A survey by the New York Federal Reserve shows that service sector input costs and prices in October rose sharply, while the business activity index fell to its lowest level since March. Businesses have turned pessimistic about the outlook, with increasing inflation and interest rate pressures.
Crypto prices
More
