8-K
filed September 23, 2024, 7:59 PM ET
ticker IXAQF
CIK 0001852019
leadership
confidence high
sentiment neutral
materiality 0.70
IX Acquisition Corp. directors/CEO resign; sponsor loan raised to $4.5M; Aptekar named CEO
IX Acquisition Corp.
- Four directors/officers (Chairman Willner, CEO Bach, directors Barger and Bartley) resign effective upon shareholder approval of third extension, expected by Oct 12, 2024.
- Noah Aptekar appointed CEO (in addition to CFO/COO); Eduardo Marini becomes audit committee chair.
- Sponsor loan increased from $3.5M to $4.5M; zero interest, convertible up to $1.5M into warrants at $1.00 per warrant.
- Note due upon business combination or liquidation; proceeds for working capital and trust extension.
- Resignations were not due to any dispute with the company.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Teresa Barger resigned as Independent Director at IX Acquisition Corp..
- Action
- resigned
- Role
- Independent Director
Exact text from the filing
Teresa Barger Independent Director, Member of Audit Committee and Compensation Committee
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Karen Bach resigned as Chief Executive Officer at IX Acquisition Corp..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Karen Bach Chief Executive Officer and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Andrew Bartley resigned as Independent Director at IX Acquisition Corp..
- Action
- resigned
- Role
- Independent Director
Exact text from the filing
Andrew Bartley Independent Director, Chair of Audit Committee and Member of Compensation Committee
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Noah Aptekar was appointed as Chief Executive Officer at IX Acquisition Corp..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Noah Aptekar, the Company’s Chief Financial Officer, Chief Operations Officer and director, as the Company’s Chief Executive Officer, effective upon the effectiveness of resignation of Karen Bach.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Guy Willner resigned as Executive Chairman at IX Acquisition Corp..
- Action
- resigned
- Role
- Executive Chairman
Exact text from the filing
Guy Willner Executive Chairman and Director
View on SEC.gov
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