SKYX Platforms issues $8.5 million senior secured promissory note to Deako lenders at 12% interest
SKYX•SKYX Platforms issued Deako’s senior lenders an $8.5 million senior secured promissory note bearing 12% annual interest after completing its merger with Deako on Oct. 13, 2026. The note includes a $2.25 million payment due 120 days after closing, with the remaining balance due on the 12-month closing anniversary.
1. Note repayment terms
SKYX Platforms completed its merger with Deako on Oct. 13, 2026, and issued a senior secured promissory note to Deako’s senior lenders. The $8.5 million note is secured by the company’s personal property and bears 12% annual interest. A $2.25 million portion matures 120 days after closing, and the remaining balance is due on the 12-month closing anniversary. Cash payments to the lenders totaled $4 million, split between Sept. 9, 2026, and the closing date.
