secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K/A
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001104659-24-045263
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IX Acquisition Corp. (IXAQ) agrees to $400M business combination with AERKOMM Inc.
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- Up to $400M aggregate consideration; $200M in stock at closing plus up to $200M in incentive shares.
- PIPE Investment: $35M from accredited investors at $11.50/sh; target $65M, minimum $45M (excl. SAFE).
- SAFE Investment: at least $15M, converts at $11.50/sh upon closing.
- Closing subject to shareholder approvals, Nasdaq listing, and regulatory clearance; lock-up of 12 months.
- AERKOMM is an asset-light satellite broadband tech company with proprietary antennas/modems.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465924045263/0001104659-24-045263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465924045263/tm2411480d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045263

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