IX Acquisition Corp.
IXAQW
NASDAQ Global Market0.07
USD
+0.07
- -
CIK
0001852019
CUSIP
G5000D111
Return %
Stock
S&P500
1Y
- -
18.21
3Y
74.56
64.38
5Y
-86.00
72.43
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.- CEO
- Noah Aptekar
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Arch 124 London United Kingdom SE1 7HX
- IPO Date
- Nov 30, 2021
- CIK
- 0001852019
- Website
- ixacq.com
- Similar Companies
- Business
- IX Acquisition Corp. is a special purpose acquisition company (SPAC) formed in 2021 and headquartered in London, United Kingdom. The company focuses on effecting mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily within the technology, media, telecommunications (TMT), and information and communication technology (ICT) industries. Its targeted sectors include telecommunications infrastructure, internet technology, and digital services operating in Europe and emerging markets. IX Acquisition Corp. functions as a blank check company and is a subsidiary of IX Acquisition Sponsor LLC. IX Acquisition Corp.'s core business entails seeking and acquiring a global tech or tech infrastructure company. The company does not manufacture products directly but aims to merge with or acquire operating businesses providing advanced technology solutions. Recently, IX Acquisition Corp. entered into a definitive merger agreement with Aerkomm Inc., an innovative satellite technology company specializing in multi-orbit satellite broadband connectivity solutions. Aerkomm provides carrier-neutral and software-defined infrastructure for satellite communications across multiple orbits—including low-earth orbit (LEO), medium-earth orbit (MEO), geostationary earth orbit (GEO), and highly elliptical orbit (HEO). Aerkomm’s technology targets both public and private sectors, including aerospace, defense, and civilian telecommunications, offering high-throughput satellite glass semiconductor antennas and universal multi-orbit terminals. The recent merger agreement with Aerkomm Inc., announced in March 2024 and expected to close subject to regulatory and shareholder approvals, marks a significant strategic shift for IX Acquisition Corp. This transaction includes a $35 million private placement and positions IX Acquisition Corp. to rapidly evolve from a SPAC into an operational, institutional-grade company with differentiated capabilities in satellite broadband connectivity. The merger enhances IX Acquisition Corp.'s footprint in the fast-growing aerospace and defense communication markets as well as civilian telecommunications, leveraging Aerkomm’s cutting-edge multi-orbit satellite technologies. Aerkomm's technology has demonstrated applications such as satellite communications for unmanned aerial vehicles (UAVs) and key partnerships with leading satellite constellation operators. In summary, IX Acquisition Corp. primarily operates as an investment vehicle targeting businesses in technology-driven communication sectors, with its current major operational focus centered on the merger and integration with Aerkomm Inc., thereby entering the satellite broadband and telecommunications infrastructure markets with an innovative product portfolio and expanding geographic reach in Europe and emerging markets. The combined entity aims to capitalize on market growth expected through 2030 in aerospace, defense, and civilian satellite communications sectors. IX Acquisition Corp.’s recent strategic moves signify its transition from a blank check vehicle to an active player in global technology communications infrastructure.