other material
confidence high
sentiment neutral
materiality 0.65
IX Acquisition Corp and AERKOMM enter SAFEs raising $8.997M for merger
IX Acquisition Corp.
- SAFE agreements entered Sept 5 and Oct 23, 2025, total $8,997,200 raised vs. original $15M target.
- SAFEs convert to SPAC common stock at $11.50/share upon merger closing; 782,365 shares issuable.
- Additional Incentive Shares equal to 94% of Purchased Shares (up to 735,423) held in escrow.
- Incentive Shares vest based on VWAP milestones: $12.50, $15.00, $17.50 over 15 of 30 trading days.
- Merger Agreement required minimum $15M; current total falls short—waiver or amendment not disclosed.