---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-048856"
form_type: "8-K"
ticker: "IXAQF"
cik: "0001852019"
company_name: "IX Acquisition Corp."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:30:50.544476+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# IX Acquisition Corp. ups sponsor note to $3.5M; up to $1.5M convertible at $1/warrant

## Summary
- Principal increased to $3,500,000 (from $2,500,000) via amended and restated promissory note dated April 18, 2024.
- Note bears no interest, payable upon earliest of business combination or liquidation.
- Up to $1,500,000 of principal may be converted into warrants at $1.00 per warrant, terms identical to IPO private placement warrants.
- Proceeds support working capital expenses, with drawdowns subject to board approval and sponsor consent.
- Issued to sponsor IX Acquisition Sponsor LLC under Section 4(a)(2) exemption.

## SEC filing metadata
- accession: 0001104659-24-048856
- form_type: 8-K
- ticker: IXAQF
- cik: 0001852019
- company_name: IX Acquisition Corp.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852019/000110465924048856/0001104659-24-048856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852019/000110465924048856/tm243725d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-048856
- JSON: https://secwatch.observer/filing/0001104659-24-048856.json
- Plain text: https://secwatch.observer/filing/0001104659-24-048856.txt

## Key facts
- Debt Financings
  IX Acquisition Corp. incurred convertible notes of up to $3,500,000 with IX Acquisition Sponsor LLC at no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date of the liquidation of the Company.
  - Instrument: convertible notes
  - Principal: up to $3,500,000
  - Counterparty: IX Acquisition Sponsor LLC
  - Rate: no interest
  - Maturity: upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date of the liquidation of the Company
  - Event: incurrence
  source text: On April 18, 2024, IX Acquisition Corp. (the " Company ") amended and restated the convertible promissory note, dated as of August 21, 2023, previously issued to IX Acquisition Sponsor LLC, the Company’s sponsor (the " Sponsor "), to increase the aggregate principal amount to up to $3,500,000 (as amended and restated, the " Note ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852019/000110465924048856/0001104659-24-048856-index.htm

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