regulatory
confidence high
sentiment negative
materiality 0.75
IX Acquisition receives Nasdaq delisting notice; shareholders approve extension; 1.24M shares redeemed
IX Acquisition Corp.
- Nasdaq notified IX Acquisition on Oct 7 it failed to complete business combination within 36 months, subject to delisting.
- Company requested hearing before Nasdaq hearings panel; trading suspended Oct 14 pending hearing.
- Shareholders on Oct 9 approved third extension amendment and auditor ratification with 6.66M votes for each.
- 1,235,698 shares redeemed in connection with extension vote; company filed initial listing application for combined company on Nasdaq Global Market.