Mergers & Acquisitions ·
APEX Tech Acquisition Inc. agrees to merge with Korai Flix in $3.5B deal
TRAD-UNAPEX Tech Acquisition Inc.
APEX Tech Acquisition Inc. entered into a definitive Agreement and Plan of Merger with Korai Flix, Inc., valuing the target at $3.5 billion on a pre-money equity basis. Under the transaction, APEX will re-domicile to Delaware and change its name to Krflix Group Inc. prior to a merger where Korai survives as a wholly-owned subsidiary. Korai shareholders will receive new shares of the combined company valued at $10.00 per share. The deal requires approval from both companies' shareholders and regulatory clearance, with closing expected in the first quarter of 2027. APEX Tech Acquisition Inc. is a blank check company organized to effect a business combination.