• Masterworks 123 plans to reorganize around May 31, 2026, rolling up into a Delaware series LLC structure.
• Investors will swap holdings from Class A Ordinary Shares in the current entity to shares in a newly formed series.
• The new series is expected to mirror the existing assets, obligations, board of managers, capitalization, and ownership.
• No investor costs are expected; no material impact anticipated on investor rights, investment value, taxes, or the secondary market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Masterworks 123 LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-025974), on May 29, 2026, and is solely responsible for the information contained therein.