Skyx Signs Merger With Leading U.S. Ai Smart Home Silicon Valley Backed Company Deako, Aiming To Lead The Smart Home, Builder & Hotel Markets With Their Combined Platform Technologies
SKYX•Merger with Deako announced
SKYX Platforms Corp said it has signed a merger with leading U.S. AI smart home Silicon Valley-backed company Deako, aiming to lead the smart home, builder and hotel markets with their combined platform technologies.
Transaction terms and expected benefits
- SKYX Platforms Corp said it will pay Deako lender $4 million at closing and issue an $8.50 million note.
- The company said the merger is expected to enable significant cost-saving synergies.
