SKYX to acquire smart home firm Deako in stock-and-cash merger

What's the deal? SKYX PlatformsDealroom has a profile for this one. Try Dealroom → has signed a merger agreement to acquire Deako, a US AI smart home and lighting company backed by Silicon Valley investors. SKYX will issue 25 million new common shares — equal to 18.46% of the company — plus cash and note payments.

What each side brings: Deako supplies smart home AI and intelligent lighting technology to more than 50 US homebuilders, including D.R. HortonDealroom has a profile for this one. Try Dealroom → and Toll BrothersDealroom has a profile for this one. Try Dealroom →. It shipped over 32 million units in the past five years and generated more than $26 million in revenue in 2025.

The terms: Beyond the shares, SKYX will pay Deako's lender $4 million at closing and issue an $8.5 million note, with payments scheduled through 2027. The new shares carry a lockup and leak-out of up to two years.

What changes: Post-merger, current SKYX shareholders are expected to own 84.4% of the combined company; Deako shareholders and its lender would hold 15.6%. The combined patent portfolio is expected to exceed 120 filings.

What could go wrong? The agreement is signed but names no closing date or conditions, so the share issuance and payments remain tied to a future close. The deal also adds equity dilution and new debt, with deferred payments of $2.25 million in the first quarter of 2027 and $6.25 million in the fourth quarter of 2027.

The signal: The merger positions SKYX to expand across the smart home, builder, and hotel markets on a combined platform, deepening its footprint in homebuilder supply chains and its patent library.

Read more: stocktitan.net

Image credit: Generated with Gemini