IX Acquisition Corp. Files 8-K

TL;DR

IXAC filed an 8-K on Dec 4th. Details pending.

AI Summary

IX Acquisition Corp. filed an 8-K on December 4, 2024, reporting the entry into a material definitive agreement and the filing of financial statements and exhibits. The filing does not contain specific details about the agreement or financial figures, but it marks a procedural update for the company.

Why It Matters

This filing indicates a significant corporate event or update for IX Acquisition Corp., requiring disclosure to investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure (8-K) without immediate negative or positive financial implications detailed within the provided text.

Key Players & Entities

• IX Acquisition Corp. (company) — Registrant
• December 4, 2024 (date) — Date of earliest event reported

FAQ

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
• $15,000,000 — in an aggregate amount of not less than $15,000,000 (such investments in the aggregate, the

Filing Documents

• tm2429833d1_8k.htm (8-K) — 45KB
• tm2429833d1_ex10-1.htm (EX-10.1) — 66KB
• 0001104659-24-125377.txt ( ) — 350KB
• ixaqu-20241204.xsd (EX-101.SCH) — 4KB
• ixaqu-20241204_def.xml (EX-101.DEF) — 27KB
• ixaqu-20241204_lab.xml (EX-101.LAB) — 36KB
• ixaqu-20241204_pre.xml (EX-101.PRE) — 25KB
• tm2429833d1_8k_htm.xml (XML) — 6KB

01

Item 1.01. Entry into a Material Definitive Agreement. The Simple Agreement for Future Equity On March 29, 2024, IX Acquisition Corp. ( Parent ), a Cayman Islands exempted company, 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. Pursuant to the Merger Agreement, the Company was obligated to enter into simple agreements for future equity (the " SAFE Agreements ") with certain investors providing for investments in shares of the Company's Common Stock in a private placement in an aggregate amount of not less than $15,000,000 (such investments in the aggregate, the " SAFE Investment "). On December 4, 2024, the Parent and the Company entered into one new SAFE Agreement. As a result, as of December 4 , 2024, SAFE Agreements for an aggregate of $ 4,997,200 have been entered into. The SAFE Agreements will automatically convert upon the closing of the merger at $11.50 per share of Parent Common Stock. If the SAFE Agreements automatically convert upon the closing of the merger, in addition to 434,539 of Parent Common Stock, the SAFE Agreements are also convertible into an additional 94% of the number of shares of Parent Common Stock, or 408,466 shares to be held in escrow subject to the same Milestone Events outlined in the Merger Agreement under the Incentive Merger Consideration (the " Incentive Shares ") section.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Form of Simple Agreement for Future Equity 104 Cover Page Interactive Data File (embedded with 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. Dated: December 4, 2024 By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR