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On March 23, 2023, IX Acquisition Corp. (NASDAQ: IXAQ) announced the filing of a definitive proxy statement with the SEC to seek shareholder approval for a 12-month extension to finalize its initial business combination, moving the deadline from April 12, 2023, to April 12, 2024. Each month of extension requires the sponsor to deposit $160,000 or $0.04 per public share into a trust account, potentially overfunding it by $1,920,000. The meeting for votes is scheduled for April 10, 2023. Additionally, as a Cayman Islands company, any share redemptions will not be subject to the Excise Tax established by the Inflation Reduction Act of 2022.
IX Acquisition Corp. has successfully closed its IPO, issuing 23 million units at $10 each, including 3 million from the underwriters’ over-allotment option. The company began trading on Nasdaq under the symbol IXAQU on October 7, 2021. Each unit comprises one Class A ordinary share and a half redeemable warrant, with full warrants priced at $11.50. IX Acquisition Corp. focuses on merging with companies in the Technology, Media, Telecommunications, and Information sectors, particularly in Europe and emerging markets.
IX Acquisition Corp. announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 each, set to list on Nasdaq under the ticker symbol 'IXAQU' from October 7, 2021. Each unit comprises one Class A ordinary share and half a redeemable warrant, with each whole warrant at $11.50 per share. The IPO is expected to close on October 12, 2021. Led by CEO Karen Bach, the company plans to focus on business combinations in the Technology, Media, and Telecommunications sectors, particularly in Europe and emerging markets.