IX Acquisition Corp. (IXAQF): Nasdaq/NYSE listing notice — IX Acquisition receives Nasdaq delisting notice for insufficient total holders; extends deadline to Nov 12

IX Acquisition Corp.

Nasdaq notified IX Acquisition on Oct 9, 2023 of non-compliance with Rule 5450(a)(2) requiring at least 400 total holders; company has until Nov 24 to submit a compliance plan.
Director Henry Choi resigned on Oct 10, 2023; replaced by Teresa Barger, Co-Founder/CEO of Cartica Management, effective same day.
Board extended business combination deadline from Oct 12 to Nov 12, 2023 (seventh extension); sponsor to deposit $160,000 into trust account.
If Nasdaq rejects compliance plan, company may appeal to a Nasdaq Hearings Panel; no immediate impact on trading.

item 3.01 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Teresa Barger

Class I Director

IXAQF · IX Acquisition Corp.

Effective: 2023-10-10
Filed: October 12, 2023, 7:59 PM ET

the Board appointed Teresa Barger to serve as a Class I director on the Board, and as a member of the Audit Committee and Compensation Committee, effective immediately.

Departed

Henry Choi

Director

IXAQF · IX Acquisition Corp.

Effective: 2023-10-10
Successor: Teresa Barger
Filed: October 12, 2023, 7:59 PM ET

On October 10, 2023, Mr. Henry Choi resigned from the board of directors of the Company (the “Board”) and from each of the Audit and Compensation Committees, effective upon the Board’s acceptance of his resignation.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.92

IX Acquisition Corp. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

October 9, 2023, IX Acquisition Corp. , a Cayman Islands exempted company (the “Company”), received a letter (the “Total Shareholders Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires the Company to main at least 400 total holders for continued listing on the Nasdaq Global Market. The Total Shareholders Notice stated that the Company has until November 24, 2023 to provide Nasdaq with a plan to regain compliance. If the plan is accepted, Nasdaq may grant

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Teresa Barger was appointed as Class I Director at IX Acquisition Corp..

Action: appointed
Role: Class I Director

Exact text from the filing

the Board appointed Teresa Barger to serve as a Class I director on the Board, and as a member of the Audit Committee and Compensation Committee, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Henry Choi resigned as Director at IX Acquisition Corp..

Action: resigned
Role: Director

Exact text from the filing

On October 10, 2023, Mr. Henry Choi resigned from the board of directors of the Company (the “Board”) and from each of the Audit and Compensation Committees, effective upon the Board’s acceptance of his resignation.

View on SEC.gov

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IX Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-108861

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