IX Acquisition Corp. (IXAQF) reported new financing tied to its pending merger with AERKOMM Inc. The company entered into additional Simple Agreements for Future Equity (SAFE), bringing total SAFEs to $8,997,200 as of this filing. New agreements were signed on September 5, 2025 and October 23, 2025.
Under the merger terms, the SAFEs will automatically convert upon the closing of the merger at $11.50 per share of Parent Common Stock. If converted at closing, the SAFEs would convert into 782,365 shares of Parent Common Stock, plus up to an additional 735,423 Incentive Shares to be held in escrow and released based on milestone events described in the Incentive Merger Consideration section.
The Merger Agreement obligated the target to secure at least $15,000,000 of SAFE investments; the company has currently entered into $8,997,200. The filing also includes a form of the SAFE as an exhibit and standard forward‑looking statement, additional information, and solicitation disclosures.
IX Acquisition Corp. (IXAQF) reported shareholder approvals tied to its SPAC timeline. On October 8, 2025, the company convened and adjourned its extraordinary general meeting to later that day, where shareholders voted and approved the Fourth Extension Amendment Proposal and the Auditor Ratification Proposal.
As of September 15, 2025, there were 5,612,494 C Class A ordinary shares and 1,747,879 Class B ordinary shares entitled to vote. A quorum of 5,309,756 ordinary shares, or approximately 72.14% of outstanding, was present. The extension proposal received 5,309,656 votes FOR, 100 AGAINST, 0 ABSTAIN; the auditor ratification received 5,309,756 FOR, 0 AGAINST, 0 ABSTAIN. In connection with the vote, 909,330 shares were tendered for redemption, reducing public share count and potentially narrowing the free float.
IX Acquisition Corp. is soliciting shareholder approval at an extraordinary meeting on October 8, 2025 to (1) amend its memorandum and articles to permit a one-year extension (monthly, up to 12 months) of the deadline to complete a business combination to October 12, 2026, (2) ratify CBIZ CPAs P.C. as auditor for 2025, and (3) approve an adjournment option. If approved, public shareholders may elect to redeem shares for a pro rata portion of the trust account before the meeting; the trust held approximately $19.8 million on September 19, 2025, implying about $12.31 per public share. Sponsor contributions of up to the lesser of $40,000 or $0.03 per outstanding public share per month would be made as interest-free loans if the extension is approved. If the extension fails and no business combination occurs, the company will wind up and redeem public shares from the trust.