SKYX Platforms Corp. 8K

SKYX Platforms Corp. agreed to acquire Deako, Inc. via a merger in which Deako will become a wholly owned subsidiary, with consideration consisting of escrowed SKYX shares and significant cash and note payments to retire Deako’s senior notes and other obligations.

On September 9, 2026, SKYX Platforms Corp. entered into an Agreement and Plan of Merger with Deako, Inc., under which SKYX formed Lumineer Merger Sub, Inc. to merge with and into Deako so that Deako will survive as a wholly owned subsidiary of SKYX; the consideration structure includes SKYX common shares to be deposited with an escrow agent under a detailed release mechanism, plus a complex cash and promissory-note package used principally to satisfy Deako’s Fixed Rate Senior Notes, Series 2022-B through payments totaling $4 million in cash around signing and closing and an $8.5 million senior secured promissory note with staged repayment, along with provisions addressing the treatment of Deako’s capital stock, options, warrants, and convertible notes, customary representations and covenants, working capital adjustments, indemnification, termination rights, and post-closing tax and registration matters.

Filing Facts

CIK

1598981

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-042086

Alert Tier

8