IXAQF
IX Acquisition Corp.12.06
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
88.77MP/E (TTM)
-Basic EPS (TTM)
-0.16Dividend Yield
0%Recent Filings
8-K
8-K
8-K
SPAC meeting adjourned for extension vote
IX Acquisition Corp. adjourned its extraordinary general meeting on October 8, 2025, after shareholders unanimously approved the Adjournment Proposal with 5,309,756 votes for and zero against, representing 72.14% quorum. The meeting resumes October 10 to vote on extending the business combination deadline and ratifying auditors. Shareholders can reverse prior redemptions via the transfer agent. This buys time for the SPAC to pursue a target amid redemption pressures.
8-K
SAFE funding advances merger
IX Acquisition Corp. entered a new SAFE Agreement on June 9, 2025, bringing total commitments to $6.5 million, convertible to Parent shares at $11.50 upon merger closing with AERKOMM Inc., plus 94% incentive shares in escrow tied to stock price milestones. This funds SPAC working capital through September 2025, with $520,000 wired already and $200,000 more pending a $1.5 million SAFE raise by July 31. Merger risks loom if regulatory approvals falter.
10-Q
Q1 FY2025 results
IX Acquisition Corp. swung to a net income of $242,125 for Q1 FY2025 ended March 31, 2025, up from a $721,742 loss a year earlier, thanks to a $373,000 gain on warrant fair value changes that outpaced the $281,488 operating loss—68% lighter than last year's $880,791. Trust Account income dipped to $150,613 from $345,617, reflecting lower balances after redemptions, while the account grew q/q to $19.2M from $18.9M via extension deposits. Cash outside the trust remains slim at $3,750, offset by a $4.2M related-party promissory note for extensions; no capex means free cash flow mirrors the $241K operating cash use. The merger with AERKOMM, inked March 2024 and amended thrice since, eyes $35M PIPE and $5M SAFE funding at $11.50/share conversion, but delisting to OTC in June 2025 adds friction. Yet progress persists. Deadlines loom.
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