IX Acquisition Corp.
IXAQU
NASDAQ Global Market11.41
USD
+11.41
- -
IX Acquisition Corp.
IXAQU
(NASDAQ Global Market)
Recent
price
11.41
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- IX Acquisition Corp. (IXAQ) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it has no significant current operations and targets companies in the technology, media and telecommunications industries, as well as information and communication technology sectors including telecommunications infrastructure, internet and technology, and digital services, primarily in Europe and emerging markets. Founded in 2021 and headquartered at 53 Davies Street in London, United Kingdom, the company is incorporated in the Cayman Islands and functions as a subsidiary of IX Acquisition Sponsor LLC. Recent developments include a definitive business combination agreement announced in March 2024 with AERKOMM Inc., a satellite technology firm providing multi-orbit broadband connectivity solutions, valued at an adjusted enterprise value of $200 million plus potential earnout shares up to $200 million; this deal incorporates a $35 million common equity PIPE private placement from new and existing AERKOMM shareholders, additional SAFE agreements totaling approximately $2.59 million convertible at $11.50 per share upon closing, and amendments such as Amendment No. 2 in February 2025 and a September 2024 revision reducing escrowed sponsor shares from 50% to 25% while terminating early lock-up periods for sponsors and affiliates; the transaction, originally targeting completion in Q3 2024, remains pending shareholder approval, SEC review, regulatory clearances, and a minimum net tangible assets condition of $5 million, with multiple deadline extensions including a proposed fourth extension beyond October 2025 supported by monthly sponsor contributions, amid a ticker change from IXAQU to IXAQF on OTC markets following Nasdaq compliance issues.
AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement
U.S. IPO Weekly Recap: Healthcare And Canadian Crosslistings Lead An 8 IPO Week