IX Acquisition Corp.
NASDAQ Global MarketRecent
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ROIC.AI
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- IX Acquisition Corp. (NASDAQ:IXAQ) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target businesses; it focuses its search on companies in the technology, media and telecommunications (TMT) industries as well as information and communication technology (ICT) sectors, specifically telecommunications infrastructure, internet and technology, and digital services operating in Europe and emerging markets. Incorporated in 2021 and headquartered in London, United Kingdom, the company serves as a subsidiary of IX Acquisition Sponsor LLC and maintains no significant independent operations or products beyond its SPAC structure, which includes Class A ordinary shares and redeemable warrants traded publicly. In March 2024, IX Acquisition Corp. entered into a definitive business combination agreement with AERKOMM Inc., a satellite technology company providing multi-orbit broadband connectivity solutions for aerospace, defense, and civilian telecommunications markets; the deal, initially targeting completion in the third quarter of 2024, included a concurrent US$35 million private placement and commitments for additional PIPE financing of at least $45-65 million via SAFE agreements converting at $11.50 per share. Subsequent developments encompass securing $2.59 million in SAFEs in August 2024 to support the merger, a revised merger agreement dated September 25, 2024, introducing modified terms, multiple extensions of its initial business combination deadline through at least mid-2025 amid regulatory and shareholder approval processes, and potential Nasdaq delisting risks as noted in recent filings and market updates.
AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement
AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement
IX Acquisition Corp. Announces Tenth Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Shareholder Meeting Results and New Monthly Contribution to be Deposited into Trust Account
IX Acquisition Corp. Announces Increase in Contribution Amount in Connection with its Proposed Extension
IX Acquisition Corp. Files Definitive Proxy Statement for Shareholder Meeting Seeking Second Extension
IX Acquisition Corp. Announces Eighth Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Seventh Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Sixth Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Fifth Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Fourth Extension of
IX Acquisition Corp. Announces Fourth Extension of Deadline to Complete Initial Business Combination
IX Acquisition Corp. Announces Third Extension of Deadline