Short answer
SKYX Platforms Corp. (SKYX) filed an 8-K current report with the SEC on September 10, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation), Item 3.02 (Unregistered Sales of Equity Securities), Item 7.01 (Regulation FD Disclosure), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). SKYX issued merger shares to Deako and a broker as merger consideration.
SKYX Platforms Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- SKYX issued merger shares to Deako and a broker as merger consideration
- Shares claimed exempt from SEC registration under Section 4(a)(2), Regulation D, and Rule 506
- Unregistered issuance creates potential resale restrictions and dilution for existing shareholders
Item 7.01 · Regulation FD Disclosure
- Investor call scheduled for September 10, 2026, at 8:30 a.m. Eastern Time
- Event provides investors access to management commentary and potentially new business updates
Item 8.01 · Other Events
- SKYX announced a Merger Agreement with Deako on September 10, 2026, creating a material pending transaction for shareholders
- Completion depends on regulatory approvals and satisfaction or waiver of closing conditions
- Merger-related costs, litigation, operational disruption, and management distraction could pressure near-term performance
- Promissory notes issued in connection with the merger create future interest and principal repayment obligations
- Failure to complete the merger could trigger a decline in SKYX’s common-stock price and delay expected strategic benefits
Item EX-99.1 · Exhibit EX-99.1
- Merger adds Deako’s 32M shipped units, $26M 2025 revenue, and relationships with over 50 U.S. builders
- SKYX will issue 25M shares equal to 18.46% of the company, creating meaningful dilution for existing shareholders
- Deako shareholders and lender collectively receive 15.6% ownership; current SKYX shareholders retain 84.4%
- Additional merger consideration includes $4M cash at closing and an $8.5M note, with $2.25M due Q1 2027 and $6.25M due Q4 2027
- Strategic upside centers on combining SKYX ceiling technologies with Deako wall switches, targeting builder, hotel, and recurring AI-service markets
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
- Item 3.02: Unregistered Sales of Equity Securities
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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