Perfect Corp. Goes Private: $2.00/Share Merger Closes, Chang Controls 31.99% of Survivor

summarizeSummary

Perfect Corp.'s $2.00-per-share going-private merger closed on October 23, 2026, cancelling the Class A shares and leaving Alice H. Chang's group with about 31.99% of the surviving private company.

check_boxKey Events · M&A and Partnerships · PERF

• Merger Closed at $2.00 Cash

  ProjectNY merged into Perfect Corp. effective October 23, 2026; each Class A share (other than Dissenting, Continuing and Excluded Shares) was cancelled for US$2.00 in cash, with no Excluded Shares outstanding.

• Post-Closing Ownership Quantified

  Alice H. Chang may be deemed to beneficially own 17,385,974 ordinary shares, about 31.99% of the 54,346,935 outstanding in the surviving company; Golden Edge holds 19.55%, World Speed 9.55% and DVDonet 8.59%.

• Delisting and Deregistration Underway

  Perfect Corp. asked the NYSE to suspend trading and intends to file Form 25 and Form 15 to terminate registration and suspend reporting obligations under Sections 13 and 15(d).

• Options and Support Agreements Terminated

  All outstanding Company Options, including those held by Ms. Chang, were cancelled at the Effective Time, and the CyberLink Support Agreement, Chairwoman Support Agreement and Limited Guarantee terminated.

auto_awesomeAnalysis · PERF · Technology

With the ProjectNY merger closed today, Perfect Corp. is no longer a public company: Class A shares were cancelled for US$2.00 in cash and the stock is being pulled from the NYSE. What is new here is the post-closing cap table — Alice H. Chang is deemed to control roughly 31.99% of the surviving company's 54,346,935 ordinary shares, with Golden Edge at 19.55%, World Speed at 9.55% and DVDonet at 8.59%. For anyone still holding the Class A shares, the economics are fixed at US$2.00 cash (or Cayman Section 238 appraisal for dissenters); there is no remaining public-market thesis.