IX Acquisition Corp. Files 8-K on Definitive Agreement
Ticker: IXQWF · Form: 8-K · Filed: Apr 18, 2024 · CIK: 1852019
Sentiment: neutral
Topics: definitive-agreement, equity-sale, financial-obligation
Related Tickers: IXAC
TL;DR
IXAC filed an 8-K on 4/18/24 detailing a material definitive agreement and unregistered equity sales.
AI Summary
IX Acquisition Corp. entered into a material definitive agreement on April 18, 2024, related to the creation of a direct financial obligation. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. Specific details regarding the agreement, financial obligations, and equity sales are not fully disclosed in this summary.
Why It Matters
This filing indicates a significant corporate event for IX Acquisition Corp., potentially involving new debt or equity, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves a material definitive agreement and unregistered equity sales, which can introduce financial obligations and potential dilution, requiring further investigation.
Key Players & Entities
- IX Acquisition Corp. (company) — Registrant
- April 18, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by IX Acquisition Corp. on April 18, 2024?
The filing indicates a material definitive agreement was entered into, but the specific details of this agreement are not fully elaborated in the provided text.
What type of direct financial obligation or off-balance sheet arrangement was created?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When were the unregistered sales of equity securities by IX Acquisition Corp.?
The filing reports on unregistered sales of equity securities, but the exact date or details of these sales are not specified in the provided text.
What are the key exhibits filed with this 8-K report?
The filing mentions that financial statements and exhibits are included, but the specific content of these exhibits is not detailed in the provided text.
What is the SIC code for IX Acquisition Corp. and what does it represent?
The SIC code for IX Acquisition Corp. is 6770, which corresponds to 'BLANK CHECKS'.
Filing Stats: 768 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-04-18 16:15:30
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 Ex
- $3,500,000 — the aggregate principal amount to up to $3,500,000 (as amended and restated, the " Note ")
- $1,500,000 — the Sponsor, up to a maximum amount of $1,500,000 of the unpaid principal balance under t
- $1.00 — Conversion Warrants ") at the price of $1.00 per warrant. Such Conversion Warrants w
Filing Documents
- tm243725d1_8k.htm (8-K) — 32KB
- tm243725d1_ex10-1.htm (EX-10.1) — 26KB
- 0001104659-24-048856.txt ( ) — 287KB
- ixaqu-20240418.xsd (EX-101.SCH) — 4KB
- ixaqu-20240418_def.xml (EX-101.DEF) — 27KB
- ixaqu-20240418_lab.xml (EX-101.LAB) — 36KB
- ixaqu-20240418_pre.xml (EX-101.PRE) — 25KB
- tm243725d1_8k_htm.xml (XML) — 6KB
03. Creation of a Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant. The disclosure contained in
01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03
Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. The disclosure contained in
01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02
Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Amended and Restated Convertible Promissory Note, dated April 18, 2024, issued to IX Acquisition Sponsor LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. IX ACQUISITION CORP. By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Financial Officer and Chief Operations Officer Dated: April 18, 2024