Every material Form 8-K SKYX Platforms Corp. has filed with the SEC since September 10, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SKYX Platforms completed its merger with Deako, Inc. on October 13, 2026, making Deako a wholly-owned subsidiary. The Company issued 25,000,000 shares, which existing SKYX shareholders will own about 84.4% of post-merger, with Deako's former holders owning about 15.6%, and also took on an $8,500,000 senior secured promissory note at 12.0% interest. The share issuance adds substantial dilution for current shareholders, and the note adds a debt obligation, the Company's ability to repay which is listed as a risk factor.
Merger with Deako, Inc. closed October 13, 2026; 25,000,000 unregistered common shares issued
Post-merger ownership: current SKYX shareholders about 84.4%, former Deako shareholders about 15.6%
Senior secured promissory note of $8,500,000 at 12.0% per annum; $2,250,000 due 120 days after closing, remainder due at 12 months
Merger Shares subject to 12-month lock-up, with 25% released at 12, 15, 18 and 21 months after closing
SKYX Platforms said independent director Efrat L. Greenstein Brayer died on September 26, 2026, leaving the company out of compliance with Nasdaq rules requiring a majority-independent board and an audit committee of at least three members. Nasdaq sent a cure-period letter on September 30, 2026, and the filing says there is no immediate effect on the listing, but the company cannot assure it will regain compliance in time.
Director Efrat L. Greenstein Brayer died on September 26, 2026; she sat on the audit, compensation and nominating committees.
Company notified Nasdaq on September 28, 2026 of non-compliance with Listing Rules 5605(b)(1) and 5605(c)(2)(A).
Nasdaq cure period ends at the earlier of the next annual meeting or September 26, 2027; if that meeting is before March 25, 2027, compliance is due by March 25, 2027.
The filing states there is no immediate effect on the Nasdaq listing, but no assurance was given that compliance will be regained within the cure period.
SKYX Platforms signed a merger agreement on September 9, 2026, under which Deako, a Seattle-based AI smart home and lighting systems company, will become a wholly owned subsidiary. SKYX will issue 25,000,000 shares, or 18.46% of its outstanding common stock, plus $4 million in cash and $8.5 million in senior secured notes to Deako's senior lenders, and closing requires Deako securityholder approval. The filing does not include SKYX or Deako financial results beyond a press release statement that Deako had over $26 million in 2025 revenue, so shareholders face dilution and new debt without a stated effect on SKYX's profit.
Consideration: 25,000,000 common shares (18.46% of outstanding), with a 12-month lock-up and releases of 25% each at 12, 15, 18 and 21 months after closing, held in escrow for Deako's senior lenders.
Cash: $4 million total, of which $2 million was paid at signing and $2 million is due at closing.
Notes: $8.5 million senior secured promissory notes at 12.0% per annum; $2.25 million due 120 days after closing and the remainder due on the 12-month anniversary of closing.
Termination right if closing conditions are not met or waived by October 31, 2026; closing also requires Deako securityholder approval.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SKYX Platforms Corp. filing is on SEC EDGAR ↗. 8-K briefs of other companies →