IX Acquisition Corp. shareholders approve deadline extension to Oct 2024; ~1.8M shares redeemed for $19.97M

IX Acquisition Corp.

Shareholders approved extending business combination deadline from Dec 12, 2023 to Oct 12, 2024 via monthly extensions.
Holders of 1,817,650 public shares redeemed at ~$10.99/share for aggregate ~$19.97M.
Sponsor to contribute $50,000/month into trust for each monthly extension needed until April 12, 2024.
First $50,000 contribution deposited into trust on December 12, 2023.
Auditor Marcum LLP ratified for fiscal year ending December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IX Acquisition Corp.: Approved Second Extension Amendment to amend the Memorandum and Articles of Association to extend the business combination deadline to up to October 12, 2024 (effective 2023-12-12).

Change: charter amendment
Effective: 2023-12-12

Exact text from the filing

the Second Extension Amendment to give the Board the right to extend the date by which the Company must consummate a Business Combiantion from December 12, 2023 on a monthly basis up to ten (10) times until October 12, 2024 (or such earlier date as determined by the Board)

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

IX Acquisition Corp. shareholders approved Ratify, by way of ordinary resolution, the selection by the Board’s Audit Committee of Marcum LLP to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2023.

Proposal: auditor ratification
Outcome: passed

Exact text from the filing

The Auditor Ratification Proposal was approved with the following vote from the holders of the Ordinary Shares: For Against Abstentions Broker Non-Votes 7,913,584 202,841 0 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

IX Acquisition Corp. shareholders approved Approve, by way of special resolution, the Second Extension Amendment to give the Board the right to extend the date by which the Company must consummate a Business Combination from December 12, 2023 on a monthly basis up to ten (10) times until October 12, 2024.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

The Second Extension Amendment Proposal was approved with the following vote from the holders of the Company’s Class A ordinary shares, par value $0.0001 per share (the “ Class A Ordinary Shares ”) and the Company’s Class B ordinary shares, par value $0.0001 per share (together with the Class A Ordinary Shares, the “ Ordinary Shares ”): For Against Abstentions Broker Non-Votes 7,913,584 202,841 0 0

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IX Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-126415

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