Perfect Corp. signs definitive go-private deal at $2.00 per share, a 48% premium

summarizeSummary

Perfect Corp. agreed to be taken private by Chairwoman Alice H. Chang's vehicle at $2.00 per share in cash, a 48% premium. With 53.4% of shares already committed to vote in favor, the deal is likely to close in Q4 2026, delisting the stock.

check_boxKey Events · M&A and Partnerships · PERF

• Definitive Merger Agreement Signed

  Perfect Corp. entered into a definitive agreement to be acquired by ProjectNY, controlled by Chairwoman Alice H. Chang, for $2.00 per share in cash, a 48.1% premium to the closing price on March 17, 2026.

• Financial Impact

  The all-cash deal values the company at approximately $177 million based on outstanding shares, offering public shareholders a significant premium and immediate liquidity.

• Voting Support Secured

  Chairwoman Parties and CyberLink, holding 53.4% of outstanding shares and 81.2% of voting power, signed support agreements to vote in favor, making shareholder approval highly likely.

• Timeline and Next Steps

  The merger is expected to close in the last quarter of 2026, subject to shareholder approval and customary conditions. Upon completion, the company will delist from the NYSE and deregister its securities.

auto_awesomeAnalysis · PERF · Technology

A definitive merger agreement will take Perfect Corp. private at $2.00 per share in cash, delivering a 48% premium over the last trading day before the preliminary proposal. Backing from Chairwoman Alice H. Chang and CyberLink—who together command 53.4% of shares and 81.2% of voting power—virtually guarantees approval. The transaction, expected to close in Q4 2026, will delist the stock from the NYSE and deregister both shares and warrants. For public shareholders, this is a thesis-altering event: a concrete exit at a significant premium, while the company transitions to private ownership under existing control.