IX Acquisition Corp. to Transfer Listing to NYSE American
Ticker: IXQWF · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1852019
Sentiment: neutral
Topics: listing-transfer, spac, exchange
Related Tickers: IXAC
TL;DR
IXAC is moving from Nasdaq to NYSE American, effective Oct 11.
AI Summary
IX Acquisition Corp. announced on October 7, 2024, that it will transfer its listing from the Nasdaq Capital Market to the NYSE American. This move is expected to be completed by October 11, 2024. The company is a special purpose acquisition company (SPAC) focused on the technology sector.
Why It Matters
This listing transfer could impact the company's visibility, trading liquidity, and potentially its valuation as it moves to a different exchange.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a stock exchange listing transfer, which is a common event for SPACs and does not indicate fundamental business risk.
Key Players & Entities
- IX Acquisition Corp. (company) — Registrant
- Nasdaq Capital Market (company) — Current Exchange
- NYSE American (company) — New Exchange
- October 7, 2024 (date) — Date of Report
- October 11, 2024 (date) — Expected Completion Date
FAQ
What is the primary reason for IX Acquisition Corp.'s listing transfer?
The filing does not explicitly state the primary reason for the transfer, but it is a common strategic move for companies.
When is the listing transfer expected to be completed?
The transfer is expected to be completed by October 11, 2024.
From which exchange is IX Acquisition Corp. transferring?
IX Acquisition Corp. is transferring from the Nasdaq Capital Market.
To which exchange is IX Acquisition Corp. transferring?
IX Acquisition Corp. is transferring to the NYSE American.
What type of company is IX Acquisition Corp.?
IX Acquisition Corp. is a special purpose acquisition company (SPAC) focused on the technology sector.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-10-11 16:14:59
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
- tm2426004d1_8k.htm (8-K) — 40KB
- 0001104659-24-108048.txt ( ) — 260KB
- 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
- tm2426004d1_8k_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 does not intend to request a hearing. 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 Amendment Pro
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 11, 2024 IX ACQUISITION CORP. By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Financial Officer