secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K/A
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001104659-25-070243
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IX Acquisition raises $7M via SAFE agreements for AERKOMM merger, below $15M target
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- SAFE agreements for aggregate $6,997,200 entered as of filing; convertible at $11.50/share upon merger close.
- SAFE investors also receive incentive shares equal to 94% of purchased shares, subject to milestone events.
- Commercial Funding Agreement requires AERKOMM to file Form 10-K by July 21 and 10-Qs by July 21 and August 15.
- Company wired $520k for working capital and $150k to repay extension notes from SAFE proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925070243/0001104659-25-070243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925070243/tm2521578d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-070243

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer