Teresa Barger
Teresa Barger Independent Director, Member of Audit Committee and Compensation Committee
Highest-materiality recent filing
IX Acquisition Corp. shareholders approve fourth extension, 909,330 shares redeemed
Both the Fourth Extension Amendment and Auditor Ratification proposals passed with overwhelming shareholder support.
IX Acquisition Corp and AERKOMM enter SAFEs raising $8.997M for merger
SAFE agreements entered Sept 5 and Oct 23, 2025, total $8,997,200 raised vs. original $15M target.
IX Acquisition Corp updates SAFE investment total for AERKOMM merger to $6.5M, below $15M commitment
Entered SAFE Note Agreement No. 3 on June 9, 2025; aggregate SAFE investments now $6,497,200, short of required $15M minimum.
IX Acquisition Corp. extends merger deadline with AERKOMM to April 17, 2025
Third Amendment to Merger Agreement signed April 12, 2025 extends outside closing date to April 17, 2025.
Received Nasdaq Panel notice confirming withdrawal of delisting appeal; trading suspended at open on Dec 12, 2024.
IX Acquisition reports only $5M SAFE investment secured against $15M requirement for AERKOMM merger
As of Dec 4, 2024, SAFE Agreements aggregate $4,997,200, below the $15M minimum required under the Merger Agreement.
Nasdaq notified IX Acquisition on October 7, 2024 that it failed to complete an initial business combination within 36 months, triggering delisting under Nasdaq IM 5101-2.
Nasdaq notified IX Acquisition on Oct 7 it failed to complete business combination within 36 months, subject to delisting.
IX Acquisition receives Nasdaq delisting notice; will not request hearing
Nasdaq notified IX Acquisition on Oct 7, 2024 it failed to complete a business combination within 36 months.
Lock-up for Sponsor and Parent officers/directors will terminate at Closing.
IX Acquisition Corp. directors/CEO resign; sponsor loan raised to $4.5M; Aptekar named CEO
Four directors/officers (Chairman Willner, CEO Bach, directors Barger and Bartley) resign effective upon shareholder approval of third extension, expected by Oct 12, 2024.
IX Acquisition Corp. raises only $2.6M of required $15M SAFE for AERKOMM merger
As of Aug 12, 2024, only $2.585M of the required $15M in SAFE agreements have been entered into for the AERKOMM merger.
Nasdaq grants IX Acquisition continued listing; confirms minimum holders rule compliance
On Aug 5, 2024, Nasdaq Panel granted continued listing on Nasdaq Global Market.
IX Acquisition reports only $2M of $15M min SAFE investment raised for AERKOMM merger
Only $2M of required $15M SAFE investment raised as of May 13, 2024, for merger with AERKOMM Inc.
IX Acquisition Corp. receives Nasdaq delisting notice for insufficient holders; plans hearing
Nasdaq notified IX Acquisition on Oct 9, 2023 of non-compliance with Minimum Total Holders Rule (400 holders).
IX Acquisition Corp. (IXAQ) agrees to $400M business combination with AERKOMM Inc.
Up to $400M aggregate consideration; $200M in stock at closing plus up to $200M in incentive shares.
IX Acquisition Corp. enters definitive merger with AERKOMM Inc.; implied enterprise value $400M
Implied enterprise value $400M; closing consideration 50% at $11.50/share, 50% as Class D incentive equity.
IX Acquisition Corp. signs definitive merger with AERKOMM Inc. at $400M enterprise value
AERKOMM is an asset-light satellite communication tech company with proprietary antennas/modems.
Teresa Barger Independent Director, Member of Audit Committee and Compensation Committee
Karen Bach Chief Executive Officer and Director
Andrew Bartley Independent Director, Chair of Audit Committee and Member of Compensation Committee
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.
Guy Willner Executive Chairman and Director
Max materiality 0.90 · Median 0.68 · Most common event other_material