Recent Updates — TRAD

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.

On July 20, 2026, Shaoren Liu resigned as Chief Executive Officer of Apex Tech Acquisition Inc., effective immediately. Mr. Liu will remain with the company as Chief Financial Officer, Chairman of the Board, and a director. The Board of Directors appointed Florence Ng as the new Chief Executive Officer, effective July 20, 2026. Ms. Ng brings extensive experience in mergers and acquisitions and capital markets, having previously founded FNC Advisory LLC and held leadership roles at Mega Matrix Corp. Apex Tech Acquisition Inc. is a special purpose acquisition company (SPAC).