---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-088348"
form_type: "8-K"
ticker: "IXAQF"
cik: "0001852019"
company_name: "IX Acquisition Corp."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:09:00.116093+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-088348
- form_type: 8-K
- ticker: IXAQF
- cik: 0001852019
- company_name: IX Acquisition Corp.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852019/000110465924088348/0001104659-24-088348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852019/000110465924088348/tm2421457d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-088348
- JSON: https://secwatch.observer/filing/0001104659-24-088348.json
- Plain text: https://secwatch.observer/filing/0001104659-24-088348.txt

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