secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001104659-25-069714
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IX Acquisition Corp updates SAFE investment total for AERKOMM merger to $6.5M, below $15M commitment
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- Entered SAFE Note Agreement No. 3 on June 9, 2025; aggregate SAFE investments now $6,497,200, short of required $15M minimum.
- SAFE converts at $11.50 per share upon merger close; additional Incentive Shares (94% of purchased shares) escrowed subject to milestones.
- Company wired $520,000 from SAFE proceeds for SPAC working capital and $150,000 to repay extension promissory notes.
- CFR Agreement commits AERKOMM to file overdue 10-K and Q1 10-Q by July 21, 2025, and close SAFE No. 4 ($1.5M) by July 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925069714/0001104659-25-069714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925069714/tm2517540d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-069714

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