South Korean AI short-drama platform Korai Flix plans to list on the New York Stock Exchange via a merger with US SPAC shell company APEX Tech Acquisition.
On October 21, 2026, announcements were released simultaneously in Seoul, South Korea and Houston, the United States that South Korean AI short-drama platform Korai Flix plans to list on the New York Stock Exchange via a merger with US SPAC shell company APEX Tech Acquisition.
The two parties signed the merger agreement on October 20. The transaction values Korai Flix at a pre-combination equity valuation of US$3.5 billion, equivalent to approximately RMB 23.4 billion. Upon completion of the merger, the new entity will be named Krflix Group Inc. and listed on the NYSE. The transaction is expected to close and go public in Q1 2027, subject to shareholder approvals from both parties, US regulatory clearance and satisfaction of closing conditions.
It may be delayed or terminated. This deal stands as a high-profile capitalization case in the global AI short-drama overseas expansion track.