IX Acquisition seeks 2027 SPAC deadline extension
IX Acquisition Corp. seeks shareholder approval for a fifth SPAC deadline extension into 2027, with continued redemption rights and sponsor-funded trust contributions.
IX Acquisition Corp. (IXAQF) is asking shareholders to approve a “Fifth Extension” to amend its Cayman Islands memorandum and articles so the board can extend the SPAC’s deadline to complete a Business Combination beyond October 12, 2026, with additional monthly extensions into 2027. Public shareholders may elect to redeem their Class A ordinary shares for cash equal to their pro rata portion of the funds in the U.S. Trust Account in connection with this vote, and will retain redemption rights again at a future Business Combination vote if they stay invested. The sponsor has historically funded prior deadline extensions with monthly cash deposits into the Trust Account and has agreed to make further interest‑free loans for each month of the Fifth Extension, repayable only if a Business Combination closes; if the Fifth Extension is not approved and no deal is completed within the current combination period, IX Acquisition Corp. would redeem all Public Shares and liquidate, leaving the warrants worthless. Shareholders are also being asked to ratify CBIZ CPAs P.C. as independent auditor for the year ending December 31, 2026 and to approve a potential adjournment to solicit additional proxies if needed.
Positive
- None.
Negative
- None.
Filing Explained
Approval would allow monthly extensions, while redemptions could leave remaining holders with a smaller Trust Account and higher insider ownership percentages.
As a preliminary DEF 14A, this filing proposes matters for shareholder approval rather than recording an approved extension; the meeting is scheduled for
The filing leaves the proposed contribution limits, Fifth Extended Date, Trust Account balance and redemption price as placeholders, so the amount of additional funding and the cash available to holders cannot be sized from this version.
The filing reports 5,612,494 Class A ordinary shares and 1,747,879 Class B ordinary shares outstanding and entitled to vote, while the extension amendment requires at least two-thirds of votes cast.
The next resolution point is the
Key Figures
Key Terms
Business Combination financial
Trust Account financial
Public Shares financial
Founder Shares financial
Private Placement Warrants financial
broker non-votes regulatory
FAQ
What is IXAQF asking shareholders to approve in this preliminary proxy?
How does the Fifth Extension affect IXAQF shareholders’ redemption rights?
What happens to IXAQF if the Fifth Extension is not approved and no deal closes in time?
What contributions has the IXAQF sponsor agreed to make for prior extensions?
How many IXAQF securities were issued in the IPO and private placement?
What are Founder Shares and how many does the IXAQF sponsor hold?
What minimum per-share amount has the IXAQF sponsor agreed to backstop in liquidation?
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
53 DAVIES STREET
LONDON, W1K 5JH
UNITED KINGDOM
| | [•], 2026 | | | By Order of the Board of Directors | |
| | | | |
/s/ Noah Aptekar
Noah Aptekar
Chief Executive Officer |
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53 DAVIES STREET
LONDON, W1K 5JH
UNITED KINGDOM
| | [•], 2026 | | | By Order of the Board of Directors | |
| | | | |
/s/ Noah Aptekar
Noah Aptekar
Chief Executive Officer and Director |
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Page
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 1 | | |
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QUESTIONS AND ANSWERS ABOUT THE MEETING
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| | | | 2 | | |
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RISK FACTORS
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| | | | 15 | | |
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THE MEETING
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| | | | 18 | | |
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PROPOSAL ONE — THE FIFTH EXTENSION AMENDMENT PROPOSAL
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| | | | 23 | | |
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PROPOSAL TWO — THE AUDITOR RATIFICATION PROPOSAL
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| | | | 27 | | |
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PROPOSAL THREE — THE ADJOURNMENT PROPOSAL
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| | | | 29 | | |
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BACKGROUND
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| | | | 30 | | |
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BENEFICIAL OWNERSHIP OF SECURITIES
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| | | | 33 | | |
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FUTURE SHAREHOLDER PROPOSALS
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| | | | 34 | | |
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HOUSEHOLDING INFORMATION
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| | | | 34 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 34 | | |
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ANNEX A — PROPOSED AMENDMENT TO THE AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION OF IX ACQUISITION CORP.
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| | | | A-1 | | |
1 State Street, 30th Floor
New York, New York 10004
Attn: SPAC Redemption Team
E-mail: spacredemptions@continentalstock.com
P.O. Box 10904
Yakima, WA 98909
Attn: Karen Smith
Toll Free Telephone: (877) 870-8565
Main Telephone: (206) 870-8565
E-mail: ksmith@advantageproxy.com
53 Davies Street
London, W1K 5JH
United Kingdom
Telephone: +44 (0) (203) 983-0450
1 State Street, 30th Floor
New York, New York 10004
Attn: SPAC Redemption Team
E-mail: spacredemptions@continentalstock.com
P.O. Box 10904
Yakima, WA 98909
Attn: Karen Smith
Toll Free Telephone: (877) 870-8565
Main Telephone: (206) 870-8565
E-mail: ksmith@advantageproxy.com
1 State Street, 30th Floor
New York, New York 10004
Attn: SPAC Redemption Team
E-mail: spacredemptions@continentalstock.com
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Name and Address of Beneficial Owner(1)
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Number of
Shares Beneficially Owned |
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Percentage of
Outstanding Ordinary Shares |
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All officers and directors as a group (seven individuals)
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| | | | 4,002,121 | | | | | | 54% | | |
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Noah Aptekar(2)
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| | | | 4,002,121 | | | | | | 54% | | |
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Eduardo Marini
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| | | | — | | | | | | — | | |
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Shannon Grewer
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| | | | — | | | | | | — | | |
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IX Acquisition Sponsor, LLC(2)(3)
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| | | | 4,002,121 | | | | | | 54% | | |
53 Davies Street
London, W1K 5JH
United Kingdom
Telephone: +44 (0) (203) 983-0450
53 Davies Street
London, W1K 5JH
United Kingdom
Telephone: +44 (0) (203) 983-0450
PO Box 10904
Yakima, WA 98909
Attn: Karen Smith
Toll Free Telephone: (877) 870-8565
Main Telephone: (206) 870-8565
E-mail: ksmith@advantageproxy.com
AMENDED AND RESTATED MEMORANDUM AND
ARTICLES OF ASSOCIATION OF
IX ACQUISITION CORP.
53 DAVIES STREET
LONDON, W1K 5JH
UNITED KINGDOM
IN LIEU OF AN ANNUAL GENERAL MEETING
OF SHAREHOLDERS OF
IX ACQUISITION CORP.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
Extraordinary General Meeting in Lieu of an Annual General Meeting of Shareholders
to be held on [•], 2026:
www.cstproxy.com/ .
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IX ACQUISITION CORP. — THE BOARD OF
DIRECTORS RECOMMENDS A VOTE “FOR” PROPOSALS 1, 2, AND 3. |
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Please mark votes as ☒
indicated in this example |
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(1) The Fifth Extension Amendment Proposal — RESOLVED, as a special resolution, that the Amended and Restated Memorandum of Association and Articles of Association be amended in the form attached to the proxy statement as Annex A, with immediate effect, in order to extend the date by which the Company has to consummate a Business Combination from October 12, 2026 on a monthly basis up to [•] ([•]) times to [•], 2027 (or such earlier date as determined by the Company’s board of directors).
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FOR
☐ |
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AGAINST
☐ |
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ABSTAIN
☐ |
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(2) The Auditor Ratification Proposal — RESOLVED, as an ordinary resolution, that the appointment of CBIZ CPAs P.C. as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2026 be ratified, approved and confirmed in all respects.
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FOR
☐ |
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AGAINST
☐ |
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ABSTAIN
☐ |
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(3) The Adjournment Proposal — RESOLVED, as an ordinary resolution, that the adjournment of the extraordinary general meeting in lieu of an annual general meeting to a later date or dates, or indefinitely, to be determined by the chairman of the extraordinary general meeting in lieu of an annual general meeting, or indefinitely, if necessary or convenient, to permit further solicitation and vote of proxies be confirmed, ratified and approved in all respects.
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FOR
☐ |
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AGAINST
☐ |
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ABSTAIN
☐ |
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| | | | | Date: , 2026 | | ||||||
| | | | | Signature | | ||||||
| | | | | Signature (if held jointly) | | ||||||