---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108861"
form_type: "8-K"
ticker: "IXAQF"
cik: "0001852019"
company_name: "IX Acquisition Corp."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:02:21.064100+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IX Acquisition receives Nasdaq delisting notice for insufficient total holders; extends deadline to Nov 12

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-108861
- form_type: 8-K
- ticker: IXAQF
- cik: 0001852019
- company_name: IX Acquisition Corp.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/0001104659-23-108861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/tm2328382d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108861
- JSON: https://secwatch.observer/filing/0001104659-23-108861.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108861.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/0001104659-23-108861-index.htm
- Executive change
  Teresa Barger was appointed as Class I Director at IX Acquisition Corp..
  - Action: appointed
  - Role: Class I Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/0001104659-23-108861-index.htm
- Executive change
  Henry Choi resigned as Director at IX Acquisition Corp..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/0001104659-23-108861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.