Apex Tech Acquisition Inc. filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended August 31, 2026, disclosing its status as a blank check company incorporated in the Cayman Islands and its entry into a merger agreement with Korai Flix, Inc.

Key Highlights

  • Merger agreement signed: On October 20, 2026, the company entered into a merger agreement with Korai Flix, Inc., a Delaware corporation headquartered in South Korea, according to the filing.
  • Shares outstanding: As of October 27, 2026, there were 14,637,000 ordinary shares, par value $0.0001 per share, issued and outstanding, including ordinary shares underlying the units.
  • IPO structure: The company sold 11,500,000 ordinary shares as part of units in its initial public offering, with the Sponsor holding 2,875,000 founder shares issued prior to the IPO.
  • Private placement: The Sponsor purchased 212,000 units in private placements conducted concurrently with the closings of the IPO and the over-allotment option.
  • Exchange listings: The company's units (NYSE:TRADU), ordinary shares (NYSE:TRAD), and rights (NYSE:TRADR) are each registered on the New York Stock Exchange.
  • Company classification: The registrant is identified in the filing as a smaller reporting company, an emerging growth company, a non-accelerated filer, and a shell company.
  • PRC restriction: The company disclosed it does not intend to consummate a business combination with a company whose principal operations are in the PRC or that relies on a variable interest entity structure.

Apex Tech's SPAC Structure and Korai Flix Combination

Apex Tech Acquisition Inc. is a blank check company incorporated in the Cayman Islands on August 29, 2025 as an exempted company with limited liability, according to the filing. The company was formed specifically to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The filing states that the company's search for a prospective target business was not limited to a particular industry or geographic region.

The filing discloses that on October 20, 2026, the company entered into a merger agreement with Korai Flix, Inc., a Delaware corporation headquartered in South Korea. The company's principal executive offices are listed at 13501 Katy Freeway, Houston, Texas 77079. The ordinary shares of the registrant did not begin trading on the NYSE until April 2026, which the filing states is why the company could not calculate the aggregate market value of ordinary shares held by non-affiliates as of February 27, 2026, the last business day of its most recently completed second fiscal quarter.

The Sponsor is identified as APEX INNOVATION ACQUISITION CORP., a Delaware corporation, and Mr. Shaoren Liu holds an indirect ownership interest in the Sponsor. The filing includes forward-looking statements regarding the company's ability to complete an initial business combination, its search for a target, timing of any extension of the combination period, liquidity, and capital resources. The filing notes that because the company is a blank check company, the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995 does not apply to statements made in the Annual Report, and those statements are subject to risks and uncertainties described under the Risk Factors section.

What Was Disclosed

Apex Tech Acquisition Inc. filed its fiscal year 2026 Annual Report disclosing its blank check company status, its three-class NYSE listing of units, shares, and rights, its October 2026 merger agreement with Korai Flix, Inc., and its share count of 14,637,000 ordinary shares outstanding as of October 27, 2026.