---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-125377"
form_type: "8-K"
ticker: "IXAQF"
cik: "0001852019"
company_name: "IX Acquisition Corp."
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T08:56:48.511920+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-125377
- form_type: 8-K
- ticker: IXAQF
- cik: 0001852019
- company_name: IX Acquisition Corp.
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852019/000110465924125377/0001104659-24-125377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852019/000110465924125377/tm2429833d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-125377
- JSON: https://secwatch.observer/filing/0001104659-24-125377.json
- Plain text: https://secwatch.observer/filing/0001104659-24-125377.txt

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