APEX Tech Acquisition Inc.

APEX Tech Acquisition Inc. (TRAD-UN) announced a definitive agreement to merge with Korai Flix, Inc., an interactive online entertainment platform. The combined entity will be renamed Krflix Group Inc. and is expected to be listed on the NYSE. The transaction values Korai Flix at $3.5 billion on a pre-money equity basis and is anticipated to close in the first quarter of 2027, subject to shareholder and regulatory approvals. Korai Flix, headquartered in South Korea, boasts approximately 26 million registered users across 15 Asian countries and offers AI-powered interactive content and creation tools.

Apex Tech Acquisition Inc. announced a change in its Chief Executive Officer. Shaoren Liu resigned from the CEO position, effective July 20, 2026, but will continue in his roles as CFO, Chairman of the Board, and director. The company's Board of Directors appointed Florence Ng, an experienced professional with over 17 years in M&A and capital markets, as the new Chief Executive Officer, effective the same day.

APEX Tech Acquisition Inc., a blank check company, reported its unaudited financial results for the three and nine months ended May 31, 2026. Following its IPO in February and April 2026, the company generated $115 million in gross proceeds, which are held in a Trust Account. It recorded a net income of $68,355 for the three months ended May 31, 2026, primarily from interest earned on these investments, while incurring general and administrative expenses. Management also highlighted substantial doubt about the company's ability to continue as a going concern if a business combination is not completed within 15 months.

APEX Tech Acquisition Inc. announced the full exercise of its underwriters' over-allotment option, generating an additional $3,028,690 in gross proceeds from the sale of 302,869 units at $10.00 each. Concurrently, the company completed a private placement of 3,029 units to APEX INNOVATION ACQUISITION CORP., raising $30,285. These transactions, which closed on April 15, 2026, bring the total gross proceeds from the IPO and related offerings to over $115 million.

APEX Tech Acquisition Inc. (TRAD-UN) filed its quarterly report on Form 10-Q for the period ended February 28, 2026, on April 7, 2026. The filing confirms the company's status as a shell company, indicating it is a Special Purpose Acquisition Company (SPAC) actively seeking a business combination. As of April 6, 2026, the company reported 14,255,385 ordinary shares outstanding. This routine filing provides an update on the company's compliance and structural details as it continues its search for a target, without disclosing specific operational or financial results in the provided excerpt.