Perfect Corp (PERF) News & EventsPERFNews & EventsPerfect Corp

Perfect Corp. Reports Q2 Revenue of $16.3M

Reports Q2 revenue $16.3M, consensus $18.13M. CEO Alice Chang commented, "Perfect Corp. continues to prioritize the advancement of our consumer and enterprise businesses through AI-driven innovation. While the rapid evolution of AI is creating both opportunities and challenges across the sector, ongoing demand for Generative AI and Agentic AI solutions reinforces our commitment to developing products and services that address these evolving needs. We also remain focused on strengthening our technology capabilities and expanding our solutions to pursue opportunities across both business segments."

Perfect Corp. Launches AI MV Feature in YouCam Video

Perfect Corp. announced the launch of AI MV in YouCam Video, a new feature that turns any song into a fully produced music video in minutes. With just a song with simple prompt, the AI generates a complete, scene-by-scene music video, with no cameras or video production budget required.

Perfect Corp. Signs Merger Agreement with ProjectNY for $2.00 per Share

Perfect Corp. has entered into a definitive Agreement and Plan of Merger, dated as of July 10, with ProjectNY, an exempted company with limited liability incorporated under the laws of the Cayman Islands controlled by Alice Chang, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company surviving the Merger as the surviving company and becoming a privately held company. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each ordinary share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Continuing Shares and the Dissenting Shares, each as defined in the Merger Agreement, will be cancelled and cease to exist in exchange for the right to receive $2.00 in cash per share without interest.The Per Share Merger Consideration represents a premium of approximately 48.1% to the closing price of the Company's Class A ordinary shares on March 17, the last trading day prior to the Company's announcement on March 18 of its receipt of the preliminary non-binding going-private proposal, and a premium of approximately 39.6% to the volume-weighted average closing price of the Company's Class A ordinary shares during the 30 trading days prior to that announcement. Concurrently with the execution of the Merger Agreement, Merger Sub entered into separate voting and support agreements with Alice Chang and her controlled entities GOLDEN EDGE, DVDonet.com and World Speed Company as well as CyberLink International Technology. Pursuant to such agreements, Chairwoman Parties and CyberLink will vote all ordinary shares they hold directly or indirectly in favor of the authorization and approval of the Merger Agreement, the plan of merger and the transactions contemplated thereby, including the Merger. Such ordinary shares represent approximately 53.4% of the total issued and outstanding share capital of the Company and approximately 81.2% of the total voting power of the Company as of the date of the Merger Agreement. The Merger is expected to be funded through available cash of the Company and its subsidiaries. The Continuing Shareholders will not receive cash consideration for their Continuing Shares, which will not be cancelled in the Merger and will remain outstanding and continue to exist as ordinary shares of the Surviving Company at the Effective Time. The Company's board of directors, acting upon the unanimous recommendation of the special committee of independent and disinterested directors established by the Board, approved the Merger Agreement, the plan of merger, and the transactions contemplated thereby, including the Merger, and resolved to recommend that the Company's shareholders vote to approve them. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its own financial and legal advisors. The Merger, which is currently expected to close during the last quarter of 2026, is subject to customary closing conditions, including the approval of the Merger Agreement, the plan of merger and the transactions contemplated thereby, including the Merger, by the affirmative vote of at least two-thirds of the votes cast by holders of the Company's ordinary shares present and voting in person or by proxy as a single class at an extraordinary general meeting of the Company's shareholders. If completed, the Merger will result in the Company becoming a privately held company, its Class A ordinary shares will no longer be listed on the New York Stock Exchange, and the Company's Class A ordinary shares and warrants will be deregistered under the U.S. Securities Exchange Act of 1934, as amended.