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Perfect Corp. completes merger with ProjectNY

PRIVATEOct 23, 2026

Acquiring Company

ProjectNY

Acquired Company

Perfect

Cayman IslandsParisArtificial IntelligenceE CommerceFashionMachine Learning

Description

Perfect Corp. announced the completion of its merger with ProjectNY, a Cayman Islands company controlled by Ms. Alice H. Chang, effective October 23, 2026. Under the merger, each Class A ordinary share was cancelled in exchange for US$2.00 in cash, and the company's shares ceased trading on the NYSE. Holders of warrants may exercise them at a temporarily reduced price of US$1.999647 through November 23, 2026.

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Company Information

Company

ProjectNY

Location

Cayman Islands

About

ProjectNY is a company controlled by Alice H. Chang. It is structured to merge into Perfect Corp. as part of a going-private transaction. The company operates in a manner that supports the interests of its founder and affiliated entities.

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Frequently asked

Who acquired Perfect?

Perfect was acquired by ProjectNY, based in Cayman Islands. The deal was reported on October 23, 2026. ProjectNY is a company controlled by Alice H. Chang. It is structured to merge into Perfect Corp. as part of a going-private transaction. ProjectNY is privately held.

When did ProjectNY acquire Perfect?

ProjectNY's acquisition of Perfect was reported on October 23, 2026. Perfect Corp. announced the completion of its merger with ProjectNY, a Cayman Islands company controlled by Ms. Alice H. Chang, effective October 23, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Perfect do?

Perfect Corp. is an AI and augmented reality software company listed on the New York Stock Exchange. It serves the beauty, fashion, and creative industries with a dual consumer and enterprise model. Founded in 2015, it is known for its YouCam family of apps. It is publicly traded (PERF), operating in Artificial Intelligence, and is based in Paris.

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