other material
confidence high
sentiment neutral
materiality 0.50
IX Acquisition Corp. files proxy to extend business combination deadline to Oct 2024
IX Acquisition Corp.
- Meeting set for Dec 11, 2023; record date Nov 8, 2023.
- Extension from Dec 12, 2023 monthly up to Oct 12, 2024 (10 increments).
- Sponsor will deposit lesser of $50,000 or $0.015 per public share per month into trust.
- Trust account liquidated Nov 13, now earning ~4.5% interest in demand deposit account.
- Cayman Islands domicile avoids U.S. excise tax on redemptions currently.