secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001104659-24-102121
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IX Acquisition Corp. directors/CEO resign; sponsor loan raised to $4.5M; Aptekar named CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465924102121/0001104659-24-102121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465924102121/tm2422859d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102121

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