secwatch.observer — SEC 8-K summary
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Issuer:     IX Acquisition Corp. (IXAQF)
CIK:        0001852019
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001104659-25-108466
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IX Acquisition Corp and AERKOMM enter SAFEs raising $8.997M for merger
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925108466/0001104659-25-108466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852019/000110465925108466/tm2528592d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-108466

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