IX Acquisition Corp. Files 8-K/A Amendment

TL;DR

IX Acquisition Corp. filed an 8-K/A amendment on March 29, 2024, updating material agreements.

AI Summary

IX Acquisition Corp. filed an amendment (No. 2) to its Form 8-K on April 9, 2024, reporting events that occurred on March 29, 2024. The filing pertains to the entry into a material definitive agreement, Regulation FD disclosure, and financial statements/exhibits. The company is incorporated in the Cayman Islands and its fiscal year ends on December 31.

Why It Matters

This amendment provides updated information regarding material agreements and disclosures for IX Acquisition Corp., which could impact investors' understanding of the company's current status and future plans.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous report and primarily contains procedural updates and disclosures, not significant new financial events.

Key Numbers

• 001-40878 — SEC File Number (Identifies the company's filing with the SEC.)
• 98-1586922 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• IX Acquisition Corp. (company) — Registrant
• March 29, 2024 (date) — Date of earliest event reported
• April 9, 2024 (date) — Filing date
• Cayman Islands (location) — Jurisdiction of incorporation

FAQ

Key Financial Figures

• $0.0001 — ng of Class A ordinary share, par value $0.0001 per share, and one-half of one redeemab
• $11.50 — ary share, each at an exercise price of $11.50 per share IXAQW The Nasdaq Stock Ma
• $400,000,000 m — is equal to (a) fifty percent (50%) of $400,000,000 minus (b) the amount of Adjusted Closing
• $400,000,000 — r amount that is fifty percent (50%) of $400,000,000. The PIPE Investment Concurrently wi
• $35,000,000 — acement for an aggregate cash amount of $35,000,000 at $11.50 per share of Parent Common St
• $65,000,000 — in a PIPE Investment Amount of at least $65,000,000 (inclusive of investment amounts under
• $15,000,000 — nt in an aggregate amount not less than $15,000,000 (exercising reasonable best efforts to
• $5,000,000 — ising reasonable best efforts to secure $5,000,000 within twenty (20) Business Days of the
• $12,000,000 — termination fee in the amount equal to $12,000,000 (the " Non-Cause Termination Fee "). In

Filing Documents

• tm2411480d1_8ka.htm (8-K/A) — 100KB
• 0001104659-24-045263.txt ( ) — 335KB
• ixaqu-20240329.xsd (EX-101.SCH) — 4KB
• ixaqu-20240329_def.xml (EX-101.DEF) — 27KB
• ixaqu-20240329_lab.xml (EX-101.LAB) — 36KB
• ixaqu-20240329_pre.xml (EX-101.PRE) — 25KB
• tm2411480d1_8ka_htm.xml (XML) — 6KB

01

Item 1.01. Entry into a Material Definitive Agreement. Merger Agreement On March 29, 2024, Parent, a Cayman Islands exempted company (which will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware so as to migrate to and domesticate as a Delaware corporation prior to the Closing Date (as defined below), entered into a Merger Agreement, by and among Parent, AKOM Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent (" Merger Sub "), and AERKOMM Inc., a Nevada corporation (the " Company ") (as it may be amended and/or restated from time to time, the " Merger Agreement "). Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings given to them in the Merger Agreement. The Company is an asset-light satellite communication technology company with proprietary antennas and modems that seeks to provide carrier-neutral and software-defined infrastructure to deliver mission-critical, multi-orbit satellite broadband connectivity where and when it is needed. The Board of Directors of Parent has unanimously approved and declared advisable the Merger Agreement and the Business Combination (as defined below) and resolved to recommend approval of the Merger Agreement and related matters by Parent's shareholders. The Merger is expected to be consummated after obtaining the required approval by the shareholders of Parent and the Company and the satisfaction of certain other customary closing conditions. The following description of the Merger Agreement is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K, and incorporated herein by reference. Capitalized terms used herein but not otherwise defined herein will have the meanings provided to such terms in the Merger Agreement. The Merger The Merger Agreemen

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