APEX Tech Acquisition Inc. (TRAD) units are the subject of Amendment No. 1, in which UBS Group AG reports beneficial ownership of 0.00 units, or 0.00% of the class. UBS Group AG filed on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC. The report lists zero sole and shared voting power and zero sole and shared dispositive power. The amendment was signed by Andrew Johnson, Director.
APEX Tech Acquisition Inc. (TRAD) agreed to combine with Korai Flix, Inc. APEX is to redomicile from the Cayman Islands into Delaware before the effective time, and its wholly owned Merger Sub is to merge into Korai, which will survive as APEX’s wholly owned subsidiary. Korai stockholders are to receive $3,500,000,000 in aggregate consideration, paid solely in new shares valued at $10.00 per share. Hongdae Lee, Korai stockholders’ representative, is to receive 35,000 shares upon completion.
Closing requires shareholder approvals, expiration of any applicable antitrust waiting period, required governmental and third-party consents, an effective Form S-4 registration statement, NYSE listing approval for New Korai Class A shares, and APEX having at least $5,000,001 in net tangible assets after redemptions. Additional conditions require Korai’s consolidated net assets for the calendar quarter immediately before closing to be at least US$100,000,000 and its platform to have at least 20,000,000 registered users. Either party may terminate if closing conditions remain unsatisfied or unwaived by October 19, 2027.
APEX Tech Acquisition Inc. (TRAD) agreed to merge with Korai Flix, with $3.5 billion in aggregate merger consideration payable to Korai stockholders solely in New Korai common shares valued at $10.00 per share. At closing, an APEX subsidiary is to merge into Korai, which would survive as APEX’s wholly owned subsidiary. The agreement calls for APEX to redomicile from the Cayman Islands to Delaware and be renamed Krflix Group, Inc. or another name agreed by the parties. APEX shareholders would receive the same number of Class A shares in the combined company.
The transaction is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals and other conditions; it has no minimum cash condition. After redemptions, APEX must have net tangible assets of at least $5,000,001. Korai must have at least US$100,000,000 in consolidated net assets and 20,000,000 registered users for the calendar quarter immediately before closing; Korai reported approximately 26.0 million registered users as of June 30, 2026. The post-closing board is to have five members: one designated by APEX and four by Korai, with at least two required to qualify as independent under NYSE rules.
Karpus Management, Inc., doing business as Karpus Investment Management, reports beneficial ownership of shares of APEX Tech Acquisition Inc. common stock. Karpus is a New York corporation and a registered investment adviser under the Investment Advisers Act of 1940.
Karpus has beneficial ownership of 1,171,450 common shares of APEX Tech Acquisition Inc., representing 8.22% of the class. Karpus holds sole voting and sole dispositive power over all these shares, with no shared voting or dispositive power. The shares are owned directly by accounts managed by Karpus, which is controlled by City of London Investment Group plc, though effective informational barriers mean voting and investment power over these securities is exercised independently by Karpus.
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report beneficial ownership of ordinary shares of Apex Tech Acquisition Inc. They collectively report beneficial ownership of 1,076,558 ordinary shares, representing 7.6% of the class, with shared voting and dispositive power over all reported shares and no sole voting or dispositive power. Highbridge Capital Management, LLC is identified as a person on whose behalf more than 5% may be owned, with rights to dividends or sale proceeds. Goldman Sachs & Co. LLC, a broker-dealer and registered investment adviser, is a subsidiary of The Goldman Sachs Group, Inc., and certain Goldman Sachs reporting units disclaim beneficial ownership of some client and fund-related holdings.
Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. filed an amended Schedule 13G reporting that they now beneficially own 0 shares, or 0%, of the Class A shares of APEX Tech Acquisition Inc. (CUSIP G0R21F121). All voting and dispositive powers are reported as zero.
The change results from an internal reorganization effective June 30, 2026, after which the reporting persons are no longer beneficial owners of the securities previously reported. The amendment is characterized as an exit filing for these reporting persons, who had previously reported ownership of more than five percent of the Class A common stock.
Decagon Asset Management LLP and Benjamin John Durham report beneficial ownership of APEX Tech Acquisition Inc. Ordinary Shares. They collectively beneficially own 1,101,744 shares, representing 7.73% of the outstanding Ordinary Shares. All voting power over these shares is shared, with no sole voting or dispositive power reported for either filer.
Apex Tech Acquisition Inc. announced that on July 20, 2026, Shaoren Liu resigned as Chief Executive Officer, effective the same day. He will continue to serve as Chief Financial Officer, Chairman of the Board and a director, and his resignation as CEO was stated not to result from any disagreement on operations, policies or practices.
On the same date, the Board appointed Florence Ng, age 62, as Chief Executive Officer. She has over 17 years of experience in mergers and acquisitions, capital markets, corporate governance and public company advisory, including leadership roles at Mega Matrix Corp. and prior corporate law practice. The company states there are no family relationships or related-party transactions involving Ms. Ng under Item 404(a) of Regulation S-K, and no arrangements or understandings behind her appointment. A Service Agreement dated July 20, 2026 between the company and Ms. Ng is filed as Exhibit 10.1.
Apex Tech Acquisition Inc., a Cayman Islands blank check company, reported its first post-IPO quarter for the period ended May 31, 2026. Cash was $2,667, while $115,658,787 was held in a Trust Account invested in U.S. government securities. Ordinary shares subject to possible redemption totaled 11,500,000 at a redemption value of $10.06 per share.
The company recorded net income of $68,355 for the quarter and $20,684 for the nine months since inception, driven by $658,787 of interest on Trust investments and offset by general and administrative expenses of $590,432 for the quarter. As of May 31, 2026, it had a working capital deficit of $14,351 and no operating revenues. Management states it has 15 months from the effectiveness of its Form S-1 to complete an initial business combination and discloses that these conditions raise substantial doubt about its ability to continue as a going concern if a transaction is not completed within that period.
Feis Equities LLC and Lawrence M. Feis filed an amendment to a Schedule 13G reporting beneficial ownership of 656,596 ordinary shares of APEX Tech Acquisition Inc., representing 4.61% of the class.
The filing states the percentage is calculated on 14,255,385 ordinary shares outstanding as of April 6, 2026 per the issuer's 10-Q for the period ended February 28, 2026. The amendment is signed by Lawrence M. Feis on May 21, 2026 and is labeled as ownership of 5 percent or less of a class.