other material
confidence high
sentiment neutral
materiality 0.50
IX Acquisition sponsor ups monthly contribution to $0.025/share for extension; meeting Dec 11
IX Acquisition Corp.
- Sponsor increased monthly loan to $0.025 per public share not redeemed, capped at $50,000/month, for up to ten months.
- Deposits into trust account from Dec 12, 2023 to Oct 12, 2024 if Second Extension is approved.
- Trust funds moved to interest-bearing deposit account earning ~4.5% to avoid investment company status.
- Extraordinary general meeting set for Dec 11, 2023; record date Nov 8, 2023.