---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-046938"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2026-10-14T13:00:09+00:00"
generated_at: "2026-10-14T13:01:17.971629+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SKYX completes Deako merger; issues 25M shares, $8.5M note at 12%; SKYX holders keep 84.4%

## Summary
- Closed merger with Deako, Inc. on Oct 13, 2026; issued 25,000,000 SKYX shares subject to 12-month lock-up with 25% releases at 12, 15, 18, 21 months.
- Post-merger ownership: pre-deal SKYX holders ~84.4%, Deako former shareholders ~15.6%; Merger Shares held in escrow and sold by Senior Lenders via Rule 10b5-1 plan.
- Paid Senior Lenders $4M cash ($2M Sept 9, 2026; $2M at closing) plus an $8.5M senior secured promissory note; total $12.5M on behalf of Deako.
- Note carries 12.0% fixed interest; $2.25M due 120 days after closing and $6.25M at the 12-month anniversary; secured by SKYX personal property; holders MassMutual and MassMutual Ascend.
- Note default rate is 17%; events of default include Nasdaq delisting, change of control, and cross-default on debt over $1M.

## SEC filing metadata
- accession: 0001493152-26-046938
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2026-10-14T13:00:09+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315226046938/0001493152-26-046938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315226046938/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046938
- JSON: https://secwatch.observer/filing/0001493152-26-046938.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046938.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.