APEX Tech announces proposed $3.5 billion Korai Flix merger

• APEX Tech Acquisition (NYSE:TRAD) reportedly agreed to merge with Korai Flix at a $3.5 billion pre-money equity valuation, with closing targeted for the first quarter of 2027.
• Following the proposed transaction, Korai Flix would become a wholly owned subsidiary of a Delaware-domiciled public company named Krflix Group, with Class A and Class B shares carrying one and 20 votes, respectively.
• Korai Flix reportedly had 26 million registered users across 15 Asian countries and regions as of June 30, 2026; completion remains subject to shareholder and regulatory approvals.

APEX Tech Acquisition (NYSE:TRAD) reportedly agreed to merge with entertainment platform Korai Flix at a pre-money equity valuation of $3.5 billion.

The transaction, dated October 20, 2026, is expected to close during the first quarter of 2027, subject to shareholder approvals and regulatory clearance.

Both companies' boards unanimously approved the proposed merger, which does not include a minimum cash condition, according to the transaction details.

Following completion, Korai Flix would become APEX's wholly owned subsidiary, while APEX would redomicile from the Cayman Islands to Delaware and adopt the Krflix Group name.

Existing APEX shareholders would receive an equal number of Class A shares, while Korai shareholders would receive Class A or Class B shares carrying different voting rights.

Korai Flix's AI-powered entertainment platform reportedly served approximately 26 million registered users across 15 Asian countries and regions at June 30, 2026.

The combined company's Class A shares are expected to trade on the New York Stock Exchange, provided the transaction closes and applicable listing requirements are satisfied.