APEX Tech Acquisition Inc. (TRAD) Form 8-K — Oct 21, 2026
$TRADForm 8-KItems 1.01, 7.01, 9.01Filed Oct 21, 2026, 6:45 AM ET0001493152-26-047836Original filing
APEX Tech Acquisition Inc. entered into a definitive merger agreement on October 20, 2026 to combine with Korai Flix, Inc., a Delaware holding company for Korean AI-entertainment operator Vane Global Technology Co., Ltd., in a transaction valuing the target at $3.5 billion in stock. The SPAC will re-domicile from the Cayman Islands to Delaware, rename itself Krflix Group, Inc., and issue New Korai shares valued at $10.00 each to Korai stockholders, with significant holders locked up for 6-12 months post-closing.
Key figures
- Deal Value Usd
- 3500000000
- Bonus shares
- 35000
- Outside date
- October 19, 2027
- Merger share value
- $10.00 per New Korai share
- Due diligence deadline
- December 19, 2026
- Min net tangible assets
- $5,000,001
- Lockup bonus shares months
- 12
- Trust account balance aug 31 2026
- $116,695,840.92
- Lockup consideration shares months
- 6
- Closing condition min registered users
- 20000000
- Closing condition min consolidated net assets
- $100,000,000
AI analysis
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