Korai Flix Inc. and APEX Tech Acquisition Inc. Agree to Merge and Create a Publicly Listed, Interactive Online Entertainment Platform
APEX Tech Acquisition Inc. (NYSE: TRAD) signed a definitive merger agreement with Korai Flix Inc., an AI-powered interactive entertainment platform, taking it public under the name Krflix Group Inc. The deal values Korai at $3.5 billion on a pre-money equity basis with no minimum cash condition, and is expected to close in Q1 2027 pending shareholder and regulatory approvals. Korai launched in June 2024 and reports roughly 26 million registered users across 15 Asian countries, using AI for short dramas and companion avatars.
Key figures
- Deal Value Usd
- $3.5 billion
- Expected close
- Q1 2027
- Registered users
- approximately 26.0 million
- Target countries
- 15
- Pre money equity value
- $3.5 billion
- Class b votes per share
- 20
AI analysis
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