Korai Flix Inc.

Korai Flix and APEX signed a definitive all-stock business combination agreement Oct 20, announced Oct 21. Korai's AI-powered interactive entertainment platform offers short dramas, companion avatars and content creation tools; approximately 26M registered users across 15 Asian markets as of June 30, 2026. Proposed deal values Korai at $3.5B pre-money equity, not a cash purchase price or new financing amount. Combined entity expected to be named Krflix Group and list on NYSE. Closing subject to shareholder and regulatory approvals; no minimum cash condition. Stake split and cash proceeds not disclosed.

Date

2026-10-21

Sector

Film & TV production

Acquirer / investor

APEX Tech Acquisition Inc. (NYSE: TRAD)

Deal type

SPAC merger / business combination

Stake %

Undisclosed

Deal value ($M)

Undisclosed

Implied valuation ($M)

3500.0

Value confidence

Disclosed

Status

Announced; closing pending

Term

Expected Q1 2027

Last verified

2026-10-26

Source: APEX Tech Acquisition / GlobeNewswire

Deal value and implied valuation are separate measures. Blank financial terms are undisclosed; figures are not inferred. Read the methodology.