---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-043675"
form_type: "8-K"
ticker: "IXAQF"
cik: "0001852019"
company_name: "IX Acquisition Corp."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:28:00.302453+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IX Acquisition Corp. signs definitive merger with AERKOMM Inc. at $400M enterprise value

## Summary
- AERKOMM is an asset-light satellite communication tech company with proprietary antennas/modems.
- Closing consideration of $400M: 50% at closing (net debt/working capital adjusted) plus 50% incentive earnout.
- PIPE investment minimum $45M (incl. SAFE) at $11.50/share; company to use best efforts for $65M total.
- 12-month lock-up for shares received by AERKOMM holders; board set to 7-9 directors with sponsor/company designees.
- Termination fee: $12M if Company enters alternative transaction within 12 months; $5M cause termination fee.

## SEC filing metadata
- accession: 0001104659-24-043675
- form_type: 8-K
- ticker: IXAQF
- cik: 0001852019
- company_name: IX Acquisition Corp.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852019/000110465924043675/0001104659-24-043675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852019/000110465924043675/tm2410245d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-043675
- JSON: https://secwatch.observer/filing/0001104659-24-043675.json
- Plain text: https://secwatch.observer/filing/0001104659-24-043675.txt

## Key facts
- Material Agreements
  IX Acquisition Corp. entered into Merger Agreement with AERKOMM Inc. (effective 2024-03-29).
  - Action: entry
  - Agreement: merger
  - Counterparty: AERKOMM Inc.
  - Effective: 2024-03-29
  source text: entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and AERKOMM Inc., a Nevada corporation (the “ Company ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852019/000110465924043675/0001104659-24-043675-index.htm

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