IX Acquisition Corp. entered into Amendment No. 4 to the Merger Agreement with IX Acquisition Corp., AKOM Merger Sub Inc., and AERKOMM Inc. valued at Amendment No. 4 to the Merger Agreement whereby Parent will become a Delaware corporation by means o (effective 2026-01-08).
“On January 8, 2026, Parent entered into an amendment to the Merger Agreement (the “ Amendment No . 4 ”) whereby Parent will become a Delaware corporation by means of a merger of Parent with and into a newly formed Delaware corporation pursuant to the Cayman Islands Companies Law and the applicable provisions of the Delaware General Corporation Law, with such newly formed Delaware corporation becoming the surviving corporation in the merger (the “ Domestication ”).”
Noah Aptekar was appointed as Chief Executive Officer at IX Acquisition Corp..
“the Board appointed Noah Aptekar, the Company’s Chief Financial Officer, Chief Operations Officer and director, as the Company’s Chief Executive Officer, effective upon the effectiveness of resignation of Karen Bach.”
Andrew Bartley resigned as Independent Director at IX Acquisition Corp..
“Andrew Bartley Independent Director, Chair of Audit Committee and Member of Compensation Committee”
Teresa Barger resigned as Independent Director at IX Acquisition Corp..
“Teresa Barger Independent Director, Member of Audit Committee and Compensation Committee”
Karen Bach resigned as Chief Executive Officer at IX Acquisition Corp..
“Karen Bach Chief Executive Officer and Director”
Guy Willner resigned as Executive Chairman at IX Acquisition Corp..
“Guy Willner Executive Chairman and Director”
Material Agreements
IX Acquisition Corp. entered into Merger Agreement with AKOM Merger Sub Inc. and AERKOMM Inc. (effective 2024-03-29).
“On March 29, 2024, IX Acquisition Corp. ( Parent ), a Cayman Islands exempted company, entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and AERKOMM Inc., a Nevada corporation (the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).”
Listing & Compliance Notices
IX Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).
“April 30, 2024, the Company received a notice (the “Notice”) from Nasdaq indicating that the Company did not regain compliance with the Minimum Total Holders Rule during the Extension Period. Pursuant to the Notice, unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) by May 7, 2024, the Company’s securities would be subject to suspension and delisting from the Nasdaq Global Market at the opening of business on May 9, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and reg”
Debt Financings
IX Acquisition Corp. incurred convertible notes of up to $3,500,000 with IX Acquisition Sponsor LLC at no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date of the liquidation of the Company.
“On April 18, 2024, IX Acquisition Corp. (the " Company ") amended and restated the convertible promissory note, dated as of August 21, 2023, previously issued to IX Acquisition Sponsor LLC, the Company’s sponsor (the " Sponsor "), to increase the aggregate principal amount to up to $3,500,000 (as amended and restated, the " Note ").”
Material Agreements
IX Acquisition Corp. entered into Subscription Agreements with accredited investors valued at $35,000,000 at $11.50 per share (PIPE Investment) (effective 2024-03-29).
“Concurrently with the execution of the Merger Agreement, Parent and the Company entered into subscription agreements (the “ Subscription Agreements ”) with certain accredited investors providing for investments in Parent Common Stock in a private placement for an aggregate cash amount of $35,000,000 at $11.50 per share of Parent Common Stock (the “ PIPE Investment ”).”
Material Agreements
IX Acquisition Corp. entered into Merger Agreement with AERKOMM Inc. valued at Merger; Aggregate Merger Consideration based on $400,000,000 enterprise value, $35,000,000 PIPE at $ (effective 2024-03-29).
“On March 29, 2024, Parent, a Cayman Islands exempted company (which will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware so as to migrate to and domesticate as a Delaware corporation prior to the Closing Date (as defined below), entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and AERKOMM Inc., a Nevada corporation (the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).”
Material Agreements
IX Acquisition Corp. entered into Merger Agreement with AERKOMM Inc. (effective 2024-03-29).
“entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and AERKOMM Inc., a Nevada corporation (the “ Company ”)”
Material Agreements
IX Acquisition Corp. entered into Merger Agreement with AERKOMM Inc. (effective 2024-03-29).
“entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and AERKOMM Inc., a Nevada corporation (the “ Company ”)”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.