IX Acquisition Corp. Files 8-K/A Amendment
Ticker: IXQWF · Form: 8-K/A · Filed: Oct 15, 2024 · CIK: 1852019
Sentiment: neutral
Topics: listing-rules, amendment, corporate-governance
TL;DR
IX Acquisition Corp. filed an 8-K/A, hinting at potential delisting issues.
AI Summary
IX Acquisition Corp. filed an 8-K/A amendment on October 15, 2024, related to events occurring on October 7, 2024. The filing indicates a potential delisting or failure to meet continued listing rules, a submission of matters to a vote of security holders, and other events, including financial statements and exhibits.
Why It Matters
This amended filing suggests potential issues with IX Acquisition Corp.'s continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: medium — The filing mentions 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard,' which directly indicates potential risks to the company's exchange listing.
Key Players & Entities
- IX Acquisition Corp. (company) — Registrant
- 001-40878 (company) — Commission File Number
- October 7, 2024 (date) — Date of earliest event reported
- October 15, 2024 (date) — Date of Report
FAQ
What specific continued listing rule or standard did IX Acquisition Corp. potentially fail to satisfy?
The filing does not specify the exact rule or standard that IX Acquisition Corp. may have failed to satisfy, only that a notice was issued.
What matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not provided in this excerpt.
What is the significance of filing an 8-K/A instead of an initial 8-K?
An 8-K/A is an amendment to a previously filed 8-K, suggesting that the company is correcting or adding information to an earlier report.
What is the business address of IX Acquisition Corp.?
The business address is ARCH 124, SALAMANCA STREET, LONDON, SE1 7HX.
What is the company's fiscal year end?
The company's fiscal year end is December 31.
Filing Stats: 876 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-10-15 09:00:16
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
Filing Documents
- tm2426195d1_8ka.htm (8-K/A) — 42KB
- 0001104659-24-108392.txt ( ) — 262KB
- ixaqu-20241007.xsd (EX-101.SCH) — 4KB
- ixaqu-20241007_def.xml (EX-101.DEF) — 27KB
- ixaqu-20241007_lab.xml (EX-101.LAB) — 36KB
- ixaqu-20241007_pre.xml (EX-101.PRE) — 25KB
- tm2426195d1_8ka_htm.xml (XML) — 6KB
01 Notice of Delisting or Failure to
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 7, 2024, IX Acquisition Corp. (the "Company") received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that as the Company had not completed an initial business combination within 36 months of the effective date of its registration statement in connection with its initial public offering, it was not in compliance with Nasdaq IM 5101-2 and was therefore subject to delisting. The Company has until October 14, 2024 to request a hearing before the Nasdaq Hearings Panel (the "Panel"). Trading in the Company's securities will be suspended at the opening of business on October 14, 2024.The Company has decided to request a hearing before the Panel. Item 5.07. Submission of Matters to a Vote of Security Holders. On October 9, 2024, the Company held an extraordinary general meeting of its shareholders (the " Meeting "), at which the shareholders voted on the following proposals, as set forth below, each of which is described in more detail in the definitive proxy statement (the "Proxy Statement") filed with the U.S. Securities and Exchange Commission (the " SEC ") on September 24, 2024, which was first mailed by the Company to its shareholders on or about September 25, 2024. As of September 16, 2024, the record date for the Meeting, there were 6,848,192 Class A ordinary shares and 1,747,879 Class B ordinary shares of the Company entitled to be voted at the Meeting. There were 6,831,335 ordinary shares representing approximately 79.47% of the issued and outstanding ordinary shares present in person or represented by proxy at the Meeting, constituting a quorum for the Meeting. The shareholders approved the Third Extension Amendment Proposaland the Auditor Ratification Proposal. A summary of the voting results at the Meeting is set forth below: 1. Proposal One — The Third Extension A
01 Financial
Item 9.01 Financial Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 15, 2024 IX ACQUISITION CORP. By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Financial Officer