IX Acquisition reports only $5M SAFE investment secured against $15M requirement for AERKOMM merger

IX Acquisition Corp.

As of Dec 4, 2024, SAFE Agreements aggregate $4,997,200, below the $15M minimum required under the Merger Agreement.
SAFEs convert automatically upon merger close at $11.50 per SPAC share; each also yields 94% bonus Incentive Shares.
Incentive Shares are escrowed and released if SPAC stock hits $12.50, $15.00, or $17.50 VWAP thresholds within 5 years.
Only one new SAFE was entered on Dec 4, indicating continued shortfall in private placement funding.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.