secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001104659-23-108861
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/0001104659-23-108861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465923108861/tm2328382d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108861

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