Acquiring Company
APEX TECH ACQUISITION
Acquired Company
Korai Flix
United States
SeoulVenture CapitalAngel InvestmentArtificial IntelligenceMachine LearningDescription
APEX Tech Acquisition Inc. and Korai Flix Inc. entered into a definitive merger agreement on October 20, 2026, creating Krflix Group Inc., which is expected to be listed on the NYSE. The transaction values Korai at $3.5 billion on a pre-money equity basis and is expected to close in the first quarter of 2027, subject to shareholder, regulatory, and other customary approvals.
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Frequently asked
Who acquired Korai Flix?
Korai Flix was acquired by APEX TECH ACQUISITION, based in United States. The deal was reported on October 20, 2026. APEX TECH ACQUISITION INC. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, primarily focused on identifying and merging with technology-driven businesses. APEX TECH ACQUISITION is publicly traded (TRAD) and operates in Venture Capital.
When did APEX TECH ACQUISITION acquire Korai Flix?
APEX TECH ACQUISITION's acquisition of Korai Flix was reported on October 20, 2026. APEX Tech Acquisition Inc. and Korai Flix Inc. entered into a definitive merger agreement on October 20, 2026, creating Krflix Group Inc., which is expected to be listed on the NYSE. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Korai Flix do?
Korai Flix Inc. is an interactive online entertainment platform launched in June 2024. Its platform offers AI-powered interactive content, including AI short dramas and AI companion avatars, along with AI-powered content creation tools. It is privately held, operating in Artificial Intelligence, and is based in Seoul.
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