Apex Tech Acquisition agrees to merge with Korai Flix

Bitget2026/10/21 10:46

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Apex Tech Acquisition agreed on October 20, 2026, to merge with South Korea-based AI entertainment platform Korai Flix.
The transaction values Korai at $3.5 billion on a pre-money equity basis, with no minimum cash condition.
The combined company will be renamed Krflix Group, with its Class A common stock expected to list on the NYSE.
Closing is expected in the first quarter of 2027, subject to both companies’ shareholder approvals, regulatory approval and other customary conditions.
Korai had approximately 26 million registered users across 15 Asian countries or regions as of June 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apex Tech Acquisition Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-047836), on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Apex Tech Acquisition agrees to merge with Korai Flix

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