IX Acquisition Corp. (IXAQF) shareholders approved the Fifth Extension Amendment Proposal and Auditor Ratification Proposal at the October 7, 2026 meeting. The extension proposal received 4,268,632 votes for, 13 against and zero abstentions; auditor ratification received 4,268,645 votes for, with zero against and abstentions.
A quorum was present with 4,268,645 ordinary shares, approximately 66.17% of issued and outstanding ordinary shares. In connection with the vote, 435,000 shares were tendered for redemption. The meeting was adjourned to October 9, 2025 at 12:00 p.m. Eastern Time.
IX Acquisition Corp. (IXAQF), a Cayman Islands SPAC still searching for a business combination, reported total assets of $9.63 million as of June 30, 2026, including $9.07 million of cash in its Trust Account and $104,349 of cash outside the trust.
For the six months ended June 30, 2026, the company recorded net income of $2.88 million, driven mainly by a $2.42 million gain from the change in fair value of derivative warrant liabilities and interest on trust assets, while operating and formation activities generated income after recognizing $780,000 of working capital support from the merger target. Shareholders’ deficit narrowed to $12.91 million, and 701,043 Class A shares remain subject to redemption at about $12.93 per share.
The SPAC has repeatedly extended its combination deadline through monthly contributions to the trust and has entered into a Merger Agreement, PIPE and SAFE financing arrangements with a Nevada target company. Its securities were delisted from Nasdaq and are now quoted on OTC Pink markets following failure to complete a business combination within Nasdaq’s SPAC time limit.
IX Acquisition Corp. (symbol: IXAQF) is the issuer of record for a Form 8-K filing submitted to the SEC.
IX Acquisition Corp. (IXAQF) notified regulators that its Quarterly Report on Form 10-Q for the period ended June 30, 2026 will be filed late. The company states the financial statements could not be completed in time to obtain the necessary review and signatures before the due date.
IX Acquisition Corp. has requested relief under Rule 12b-25 and expects to file the Form 10-Q within the allowed extension, on or before the fifth calendar day after the original due date. The company indicates all other required periodic reports over the past 12 months have been filed and does not anticipate any significant change in results of operations versus the same period last year.
IX Acquisition Corp. notified the SEC it could not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company states the financial statements could not be completed in time to obtain necessary review and signatures prior to the filing deadline. The notification, signed by Noah Aptekar on May 15, 2026, indicates all other periodic reports for the prior 12 months have been filed and that no significant change in results of operations is anticipated for the subject period.
IX Acquisition Corp. files its annual report as a SPAC still seeking to close a business combination with an asset-light Nevada satellite communications company under a multi-amendment Merger Agreement. The board has approved the deal, which depends on shareholder approval and customary closing conditions.
The SPAC originally raised $230 million in its IPO and, after multiple shareholder redemptions and trust liquidations, held about $8.8 million in its Trust Account as of December 31 2025. It has arranged a $35 million PIPE Investment at $11.50 per share and entered into SAFE Agreements totaling about $8.9972 million, designed to convert into common stock at closing, including potential milestone-based Incentive Shares.
The company has repeatedly extended its combination deadline through shareholder-approved amendments, now allowing completion up to October 12 2026, funded via sponsor contributions and a series of interest-free extension promissory notes. IX Acquisition was delisted from Nasdaq and now trades on the OTC markets. For 2025 it reported a net loss of about $842,000, driven mainly by warrant fair-value changes and operating costs, partially offset by trust interest, a credit-loss benefit and working capital financing credits.
Polar Asset Management Partners Inc. filed an amended Schedule 13G indicating it no longer beneficially owns any Class A ordinary shares of IX Acquisition Corp. As of December 31, 2025, it reports ownership of 0 shares, representing 0% of the class. The firm, a Canadian investment adviser and registered investment fund manager, states the securities it previously reported were held in the ordinary course of business and not for the purpose of influencing control of IX Acquisition Corp.
IX Acquisition Corp. reported a net loss of $770,658 for the quarter and $1,044,686 for the nine months ended September 30, 2025, as it continues to seek a business combination. The loss was driven in part by a $1,678,500 non‑cash charge from the change in fair value of derivative warrant liabilities, partially offset by $462,276 of interest income on cash held in the trust account.
As of September 30, 2025, the company held $19,846,616 in its trust account and had a working capital deficit of about $6.7 million, leading management to conclude there is substantial doubt about its ability to continue as a going concern. Heavy redemptions have reduced public shares to 1,610,373, and the company has repeatedly extended its deadline to complete the AERKOMM merger, now potentially to October 12, 2026, while its securities have been delisted from Nasdaq and are quoted on the OTC market.
IX Acquisition Corp., a Cayman Islands special purpose acquisition company, reported a Q2 2025 net loss of $516,153, narrowing from $1,317,884 a year earlier. For the first six months of 2025, net loss was $274,028 versus $2,039,626 in the prior-year period. The company’s results mainly reflect operating and formation expenses, interest income on trust assets, and changes in the fair value of warrant liabilities.
As of June 30, 2025, total assets were $20,166,015, including $19,544,573 of cash in the trust account and $581,815 of cash outside the trust. Current liabilities were $7,553,981, non‑current liabilities were $7,542,000, and shareholders’ deficit was $14,474,539, reflecting the SPAC capital structure and redemption features.
The company is pursuing its initial business combination with AERKOMM Inc. and has entered into SAFE agreements totaling up to $8,997,200 that would convert into common stock at closing. Management discloses a working capital deficit of about $6.9M and states that mandatory liquidation if no deal is completed by October 12, 2026 raises substantial doubt about continuing as a going concern. The company’s securities have been delisted from Nasdaq and are now quoted on the OTC Market under new symbols.
IX Acquisition Corp. filed a Form 12b-25 (NT 10-Q) for the quarter ended September 30, 2025, notifying a late filing of its Quarterly Report on Form 10-Q.
The company cites two reasons: its Quarterly Report for the quarter ended June 30, 2025 has not yet been filed, and the financial statements for the September quarter were not completed in time to obtain required reviews and signatures before the due date. The company checked the box indicating the September 2025 Form 10-Q will be filed on or before the fifth calendar day following the prescribed due date.
It also indicated it does not anticipate any significant change in results of operations from the corresponding period of the prior year in the report to be filed.