IX Acquisition Corp. Faces Delisting Notice
Ticker: IXQWF · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1852019
Sentiment: bearish
Topics: delisting, listing-rule, regulatory
Related Tickers: IXAC
TL;DR
IXAC got a delisting warning, might be delisted soon.
AI Summary
IX Acquisition Corp. filed an 8-K on December 10, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is based in the Cayman Islands with its principal executive offices located at 53 Davies Street, London, W1K 5JH, United Kingdom.
Why It Matters
This filing indicates potential issues with IX Acquisition Corp.'s continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- IX Acquisition Corp. (company) — Registrant
- 001-40878 (company) — Commission File Number
- 53 Davies Street, W1K 5JH United Kingdom (company) — Address of Principal Executive Offices
- December 10, 2024 (date) — Date of earliest event reported
FAQ
What is the specific reason for IX Acquisition Corp.'s notice of delisting?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing' but does not provide specific details on the rule violated within this document.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 10, 2024.
Where are IX Acquisition Corp.'s principal executive offices located?
The principal executive offices are located at 53 Davies Street, W1K 5JH United Kingdom.
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 as COMMUNICATION SERVICES, NEC.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-12-16 16:05:11
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
- tm2431219d1_8k.htm (8-K) — 31KB
- 0001104659-24-128891.txt ( ) — 250KB
- ixaqu-20241210.xsd (EX-101.SCH) — 4KB
- ixaqu-20241210_def.xml (EX-101.DEF) — 27KB
- ixaqu-20241210_lab.xml (EX-101.LAB) — 36KB
- ixaqu-20241210_pre.xml (EX-101.PRE) — 25KB
- tm2431219d1_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 December 10, 2024, IX Acquisition Corp. (the " Company ") received a notice from the Nasdaq Listing Qualifications Hearings (" Panel ") acknowledging that the Company had withdrawn its appeal of the October 7, 2024 delist determination issued by the Nasdaq Listings Qualifications Staff (" Nasdaq "). Accordingly, trading in the Company's securities was suspended at the open of trading on December 12, 2024. Nasdaq will file a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission. When the Company's securities are delisted from Nasdaq, its securities are expected to trade over-the-counter The delisting and commencement of trading over-the-counter does not affect the Company's previously announced business combination agreement with AERKOMM Inc., as both parties continue to work to effectuate the completion of the transaction. The combined company applied for up-listing on the Nasdaq Stock Market in connection with the completion of the business combination.
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: December 16, 2024 IX ACQUISITION CORP. By: /s/ Noah Aptekar Name: Noah Aptekar Title: Chief Executive Officer