Korai Flix Inc. and APEX Tech Acquisition Inc. Agree to Merge and Create a Publicly Listed, Interactive Online Entertainment Platform

Seoul, South Korea, and Houston, Texas, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Korai Flix Inc. (“Korai”), an interactive online entertainment platform, and APEX Tech Acquisition Inc. (“APEX”) (NYSE: TRAD), a blank check company organized to acquire or merge with one or more businesses, today announced that on October 20, 2026, they entered into a definitive agreement and plan of merger (the “Merger Agreement”). Upon closing of the transaction contemplated by the Merger Agreement (the “Proposed Transaction”), the combined company will be renamed “Krflix Group Inc.” (the “Combined Company”) and its Class A common stock is expected to be listed on the New York Stock Exchange (the “NYSE”), subject to the satisfaction of the listing requirements. The Proposed Transaction is expected to close in the first quarter of 2027, subject to approval by shareholders of APEX and Korai, regulatory approval and the satisfaction or waiver of certain other customary closing conditions.