IX Acquisition Corp. raises only $2.6M of required $15M SAFE for AERKOMM merger

IX Acquisition Corp.

As of Aug 12, 2024, only $2.585M of the required $15M in SAFE agreements have been entered into for the AERKOMM merger.
On Aug 12, entered one new SAFE and amended one existing; on July 8 canceled another; on June 26 entered a new SAFE.
SAFEs will convert into SPAC common shares at $11.50 per share upon merger close.
Incentive shares tied to post-merger stock price milestones: $12.50, $15.00, $17.50 VWAP targets.
The shortfall in SAFE financing may jeopardize the merger's closing condition.

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