Parataxis Ethereum drops Korea merger over delisting risk

Parataxis Ethereum has canceled its planned takeover of Parataxis Korea after a delisting dispute and potential shareholder cash demands made the merger timeline difficult to predict. Parataxis Ethereum canceled its planned merger with Parataxis Korea after both boards approved termination Tuesday. The companies withdrew a November 27 shareholder meeting after merger timing became difficult to predict. Parataxis Korea remains in a court fight challenging the Korea Exchange’s August delisting decision itself. The merger could have triggered large shareholder appraisal claims and pressured Parataxis Ethereum’s liquidity position. Parataxis Ethereum shares closed about 1.7% higher on October 6 despite the merger withdrawal news. According to an Oct.