Parataxis Ethereum Cancels Merger With Parataxis Korea Over Delisting and Cash Risks

Parataxis Ethereum and affiliate Parataxis Korea have formally terminated their planned absorption merger following board approvals, calling off a shareholder vote set for Nov. 27. The deal was abandoned due to uncertainties tied to Parataxis Korea's ongoing KOSDAQ delisting dispute and the risk of cash appraisal claims exceeding the 20 billion won threshold. Under the original terms, Parataxis Ethereum was to issue 29,773,483 common shares and 195 preferred shares. Parataxis Ethereum confirmed no changes to its core digital asset treasury strategy, continuing to hold 10,449 ETH.