IX Acquisition Corp. Announces Fifth Extension of Deadline to Complete Initial Business Combination

Rhea-AI Summary

IX Acquisition Corp. (Nasdaq: IXAQ) extends Deadline Date for business combination by one month, with $160,000 deposit. This decision marks the fifth potential extension, in line with Amended and Restated Memorandum and Articles of Association.

NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- IX Acquisition Corp. (Nasdaq: IXAQ) (the “Company”) announced today that its board of directors (the “Board”) has decided to extend the date by which the Company must consummate an initial business combination (the “Deadline Date”) from August 12, 2023 for an additional month, to September 12, 2023. This is the fifth of twelve potential one-month extensions of the Deadline Date available to the Company pursuant to its Amended and Restated Memorandum and Articles of Association. The Company further announced that on or before August 12, 2023, IX Acquisition Sponsor LLC will deposit $160,000 into the Company’s trust account in connection with this extension.

About IX Acquisition Corp.

IX Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. For more information, please visit https://www.ixacq.com.

What is the Deadline Date extension for IX Acquisition Corp. (Nasdaq: IXAQ)?

The Deadline Date for the initial business combination has been extended by one month, from August 12, 2023, to September 12, 2023.

How many extensions are available to the Company?

The Company has a total of twelve potential one-month extensions available for the Deadline Date.

What is the deposit amount made by IX Acquisition Sponsor LLC?

IX Acquisition Sponsor LLC will deposit $160,000 into the Company’s trust account in connection with this extension.