SKYX Platforms To Acquire U.S. AI Smart Home Company Deako For 18.46% Of SKYX; Will Pay Deako’s Lender $4M By Closing And Issue A Note Of $8.5M
Deako Inc. is a smart home AI platform and intelligent lighting company with 20 U.S. and global patents and patent pending applications for plug & play advanced, smart home and AI activated lighting wall
SKYX is buying a smart home lighting company called Deako by giving up part of its own stock plus paying some cash and a loan note. When a company buys another one, watch to see if the new business helps make more money or if it costs too much.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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