IX Acquisition Corp. Files 8-K: Material Agreement

Ticker: IXQWF · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1852019

Sentiment: neutral

Topics: material-agreement, filing

TL;DR

IX Acquisition Corp. signed a big deal on 3/29, filing an 8-K. Details to follow.

AI Summary

IX Acquisition Corp. entered into a Material Definitive Agreement on March 29, 2024. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company is incorporated in the Cayman Islands and its fiscal year ends on December 31.

Why It Matters

This 8-K filing indicates a significant new agreement for IX Acquisition Corp., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities, and the lack of specific details in this initial filing warrants a medium risk assessment.

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by IX Acquisition Corp. on March 29, 2024?

The filing does not specify the nature of the Material Definitive Agreement, only that one was entered into on March 29, 2024.

What other information is included in this 8-K filing besides the Material Definitive Agreement?

The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.

Where is IX Acquisition Corp. incorporated?

IX Acquisition Corp. is incorporated in the Cayman Islands.

When does IX Acquisition Corp.'s fiscal year end?

IX Acquisition Corp.'s fiscal year ends on December 31.

What is the SEC file number for IX Acquisition Corp.?

The SEC file number for IX Acquisition Corp. is 001-40878.

Filing Stats: 4,727 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-04-04 16:55:24

Key Financial Figures

Filing Documents

01

Item 1.01. Entry into a Material Definitive Agreement. Merger Agreement On March 29, 2024, IX Acquisition Corp. (" 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 M

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