secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2026-09-10T12:32:03+00:00
Accession:  0001493152-26-042086
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX signs merger with Deako: 25M shares (18.46%) plus $4M cash and $8.5M note
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- SKYX to acquire Deako, AI smart home firm, for 25M shares (18.46% of SKYX) plus $4M cash and $8.5M senior secured note at 12% interest.
- Deako shipped 32M units in 5 years, $26M revenue in 2025, supplies 50+ U.S. builders incl. D.R. Horton, Toll Brothers.
- Post-merger SKYX shareholders own 84.4%; Deako holders/lenders 15.6%; Deako CEO Derek Richardson remains CEO.
- Merger expected to close by Oct 31, 2026; investor call Sept 10, 2026 at 8:30 a.m. ET.
- Also issuing 250,000 shares to Deako's broker; note payments: $2.25M due 120 days post-close, $6.25M due 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315226042086/0001493152-26-042086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315226042086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-042086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer