Parataxis Korea Decides Merger with Parataxis Ethereum… Many Risks Including Delisting and Termination Conditions

Parataxis Korea (listed on KOSDAQ) decides to merge with Parataxis Ethereum (unlisted), merger date expected in 2026.
Conditions precedent: special resolution at shareholder meeting, appraisal rights claims under 20 billion KRW, creditor objections under 4 billion KRW, and merger not subject to reverse merger review by KRX.
If conditions not met, merger may be terminated; counterparty may terminate if other party breaches.
Parataxis Korea may be subject to listing eligibility review; if delisted before merger, ratio may be revalued and deal delayed/cancelled.
Merger requires approval from 1/3 of total outstanding shares and 2/3 of votes present at shareholder meeting.
Exercise of appraisal rights may change number of new shares; cannot cancel after period ends.
No specific post-merger restructuring plans determined.

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