Perfect Corp shareholders approve $2-per-share merger deal
- Perfect Corp shareholders approved its proposed merger with ProjectNY, with approximately 99.99% of votes cast supporting the transaction.
- The previously announced agreement provides $2 in cash per eligible ordinary share, representing a 48.1% premium to the March 17, 2026 closing price.
- Perfect Corp will work to satisfy remaining merger conditions, after which the company would become privately held and cease trading publicly.
Perfect Corp (NYSE:PERF) received shareholder approval for its proposed $2-per-share merger with ProjectNY, securing approximately 99.99% of votes cast at its extraordinary general meeting.
The vote advances the July 10 agreement with ProjectNY, controlled by Chief Executive Officer Alice H. Chang, which offers eligible shareholders a 48.1% premium to the March 17 closing price.
Approximately 68.6% of outstanding ordinary shares attended or were represented at the meeting, accounting for 87.4% of total voting rights.
Each Class A share carried one vote and each Class B share carried ten, while the transaction remains subject to outstanding closing conditions.
Perfect Corp plans to complete the merger after satisfying those conditions, which would end its public-company status.
Under the agreement, ProjectNY will merge into Perfect Corp, with the surviving company becoming privately held and eligible shareholders receiving $2 per share.
Perfect Corp develops AI-powered beauty and augmented reality software, reporting first-half 2026 revenue of $34.3 million and net income of $3.6 million.
