Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
IX Acquisition Corp. entered into Subscription Agreements with accredited investors valued at $35,000,000 at $11.50 per share (PIPE Investment) (effective 2024-03-29).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- accredited investors
- Value
- $35,000,000 at $11.50 per share (PIPE Investment)
- Effective
- 2024-03-29
Exact text from the filing
Concurrently with the execution of the Merger Agreement, Parent and the Company entered into subscription agreements (the “ Subscription Agreements ”) with certain accredited investors providing for investments in Parent Common Stock in a private placement for an aggregate cash amount of $35,000,000 at $11.50 per share of Parent Common Stock (the “ PIPE Investment ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
IX Acquisition Corp. entered into Merger Agreement with AERKOMM Inc. valued at Merger; Aggregate Merger Consideration based on $400,000,000 enterprise value, $35,000,000 PIPE at $ (effective 2024-03-29).
- Action
- entry
- Agreement
- merger
- Counterparty
- AERKOMM Inc.
- Value
- Merger; Aggregate Merger Consideration based on $400,000,000 enterprise value, $35,000,000 PIPE at $
- Effective
- 2024-03-29
Exact text from the filing
On March 29, 2024, Parent, a Cayman Islands exempted company (which will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware so as to migrate to and domesticate as a Delaware corporation prior to the Closing Date (as defined below), 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 ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).
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