Korai Flix, a South Korean entertainment platform, is set to go public in the United States via a $3.5 billion special purpose acquisition deal, listing on the New York Stock Exchange. The deal is expected to close in Q1 2027, aligning with the platform's growth ambitions.
Key points
Korai Flix, a leading entertainment platform with 26 million users across 15 countries, i…: Korai Flix, a leading entertainment platform with 26 million users across 15 countries, is set to go public in the United States via a $3.5 billion special purpose acquisition deal, listing on the New York Stock Exchange.
The deal is expected to close in Q1 2027, aligning with the platform's growth ambitions.: The deal is expected to close in Q1 2027, aligning with the platform's growth ambitions.
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Oct 21 : South Korean entertainment platform Korai Flix will go public in the US through a $3.5 billion special purpose acquisition deal with blank-check firm APEX Tech Acquisition, the companies said on Wednesday.
The deal comes as special purpose acquisition companies (SPACs), an alternative route to public markets, are making a comeback in the US after years of subdued activity.
Korai's platform, launched in 2024, offers AI-generated short dramas and AI companion avatars to roughly 26 million users across 15 countries in Asia.
The combined company will be renamed Krflix Group and is expected to list on the New York Stock Exchange. The deal is expected to close in the first quarter of 2027.
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