Here are the 10-K annual reports from IX Acquisition Corp WTS (IXQWF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IXQWF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IXQWF filings page.
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.