IX Acquisition Corp. Files 8-K/A Amendment
Ticker: IXQWF · Form: 8-K/A · Filed: Oct 17, 2024 · CIK: 1852019
Sentiment: neutral
Topics: listing-rules, amendment, shareholder-vote
TL;DR
IX Acquisition Corp. filed an 8-K/A amendment, signaling potential listing issues and upcoming shareholder votes.
AI Summary
IX Acquisition Corp. filed an amendment (No. 2) to its Form 8-K on October 17, 2024, reporting events that occurred on October 7, 2024. The filing primarily concerns the notice of delisting or failure to meet continued listing rules, transfer of listing, and submission of matters to a vote of security holders. It also includes other events and financial statements/exhibits.
Why It Matters
This amendment indicates potential issues with IX Acquisition Corp.'s listing status and requires shareholder approval for certain matters, which could impact its operations and stock.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings, especially those related to delisting or continued listing rules, often indicate underlying financial or operational challenges.
Key Players & Entities
- IX Acquisition Corp. (company) — Registrant
- 001-40878 (company) — Commission File Number
- October 7, 2024 (date) — Earliest event reported
- October 17, 2024 (date) — Date of Report
FAQ
What specific event triggered the need for Amendment No. 2 to the Form 8-K?
The amendment addresses a notice of delisting or failure to satisfy a continued listing rule or standard, and the submission of matters to a vote of security holders.
What is the exact date of the earliest event reported in this filing?
The earliest event reported was on October 7, 2024.
What is the Commission File Number for IX Acquisition Corp.?
The Commission File Number is 001-40878.
What is the SIC code for IX Acquisition Corp.?
The Standard Industrial Classification (SIC) code is 4899, categorized under COMMUNICATION SERVICES, NEC.
What is the business address of IX Acquisition Corp.?
The business address is ARCH 124, SALAMANCA, LONDON, SE1 7HX.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-10-16 18:33:26
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
- tm2426347d1_8ka.htm (8-K/A) — 42KB
- 0001104659-24-109278.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
- tm2426347d1_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 16, 2024 IX ACQUISITION CORP. By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Financial Officer