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IX Acquisition Corp. - IXAQ STOCK NEWS

Welcome to our dedicated page for IX Acquisition news (Ticker: IXAQ), a resource for investors and traders seeking the latest updates and insights on IX Acquisition stock.

IX Acquisition Corp. Class A Ordinary Share (symbol: IXAQ) is a special purpose acquisition company (SPAC) dedicated to facilitating mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. Established with a mission to unlock value in growth-oriented sectors, IX Acquisition Corp. serves as a bridge for private companies seeking to go public through a streamlined process.

The company's core business revolves around identifying and partnering with companies that exhibit strong potential for sustainable growth. Utilizing its extensive network and industry expertise, IX Acquisition Corp. aims to support the transformation and scaling of its partner companies, thereby driving shareholder value.

Recent achievements of IX Acquisition Corp. include successful identification and evaluation of potential merger targets, diligent assessment of market opportunities, and strategic positioning within the competitive landscape. The company is currently engaged in various projects that are poised to enhance its market presence and investment portfolio.

Financially, IX Acquisition Corp. maintains a robust capital structure, ensuring it has the necessary resources to pursue significant business combinations. Strategic partnerships and alliances further bolster the company's ability to execute its mission effectively.

Current Projects:

  • Comprehensive market analysis to identify high-potential sectors and targets
  • Due diligence process to ensure the viability and profitability of potential mergers
  • Engagement with legal and financial advisors to streamline acquisition processes

IX Acquisition Corp. continually seeks to align its operations with the best interests of its investors, focusing on transparency, strategic growth, and long-term value creation.

News

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Rhea-AI Summary
AERKOMM Inc. and IX Acquisition Corp have entered into a Business Combination Agreement, raising $35 million in a private placement. The combined entity will be called AKOM Inc., with AERKOMM transferring its listing to Nasdaq under the ticker 'AKOM'. The transaction highlights an adjusted enterprise value of $200 million, with potential earnout shares. The completion of the transaction is expected in Q3 2024.
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IX Acquisition Corp. Announces Tenth Extension of Deadline to Complete Initial Business Combination

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IX Acquisition Corp. (Nasdaq: IXAQ) has extended the deadline for its initial business combination by one month, with the intention to continue extending it on a monthly basis. The Sponsor will deposit $50,000 into the Company’s trust account in connection with each extension. If the board of directors elects not to extend, the Company will issue a press release announcing this change in policy.
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IX Acquisition Corp. Announces Shareholder Meeting Results and New Monthly Contribution to be Deposited into Trust Account

Rhea-AI Summary
IX Acquisition Corp. (NASDAQ: IXAQ) held a meeting to extend the deadline for a business combination and ratified the selection of an independent registered public accounting firm. Shareholders approved the extension and the contribution of $50,000 per month to complete a business combination. Additionally, 1,817,650 public shares were redeemed for cash at a redemption price of approximately $10.99 per share, totaling around $19.97 million.
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IX Acquisition Corp. Announces Increase in Contribution Amount in Connection with its Proposed Extension

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IX Acquisition Corp. (NASDAQ: IXAQ) has filed a supplement to its definitive proxy statement with the SEC to consider and vote on proposals, including an extension of the date for completing a business combination. The supplement provides details on the monthly loan amount to be contributed by the Sponsor, as well as the Company's efforts to mitigate risks related to the Investment Company Act of 1940. The Meeting will be held on December 11, 2023, and the Company encourages its shareholders to vote in favor of the Second Extension and other proposals.
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IX Acquisition Corp. Files Definitive Proxy Statement for Shareholder Meeting Seeking Second Extension

Rhea-AI Summary
IX Acquisition Corp. (NASDAQ: IXAQ) filed a definitive proxy statement to seek shareholder approval to extend the period of time to consummate its initial business combination. The Company's shareholders previously approved a First Extension and now seek approval for a Second Extension. The Company's sponsor will deposit additional funds into the trust account for each month of the Second Extension. The extraordinary general meeting in lieu of an annual general meeting will be held on December 11, 2023, and shareholders are encouraged to vote in favor of the Second Extension and other proposals.
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IX Acquisition Corp. Announces Eighth Extension of Deadline to Complete Initial Business Combination

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IX Acquisition Corp. (Nasdaq: IXAQ) Extends Deadline for Business Combination, Receives $160,000 Deposit from Sponsor
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IX Acquisition Corp. Announces Seventh Extension of Deadline to Complete Initial Business Combination

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IX Acquisition Corp. extends deadline for business combination by one month
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IX Acquisition Corp. Announces Sixth Extension of Deadline to Complete Initial Business Combination

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IX Acquisition Corp. extends Deadline Date for business combination by one month to October 12, 2023.
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IX Acquisition Corp. Announces Fifth Extension of Deadline to Complete Initial Business Combination

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IX Acquisition Corp. (Nasdaq: IXAQ) extends Deadline Date for business combination by one month, with $160,000 deposit. This decision marks the fifth potential extension, in line with Amended and Restated Memorandum and Articles of Association.
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IX Acquisition Corp. Announces Fourth Extension of Deadline to Complete Initial Business Combination

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FAQ

What is the current stock price of IX Acquisition (IXAQ)?

The current stock price of IX Acquisition (IXAQ) is $11.52 as of September 27, 2024.

What is the market cap of IX Acquisition (IXAQ)?

The market cap of IX Acquisition (IXAQ) is approximately 99.0M.

What is IX Acquisition Corp.?

IX Acquisition Corp. is a special purpose acquisition company (SPAC) focused on mergers, share exchanges, asset acquisitions, and similar business combinations.

What is the stock symbol for IX Acquisition Corp.?

The stock symbol for IX Acquisition Corp. is IXAQ.

What are the recent achievements of IX Acquisition Corp.?

Recent achievements include identifying potential merger targets, evaluating market opportunities, and strategic positioning.

What are the current projects IX Acquisition Corp. is working on?

Current projects include market analysis to find high-potential targets, due diligence for mergers, and engaging with advisors to streamline acquisition processes.

What is the core business of IX Acquisition Corp.?

The core business involves facilitating mergers, share exchanges, asset acquisitions, and other business combinations with growth-oriented companies.

How does IX Acquisition Corp. create value for shareholders?

The company identifies high-potential companies, partners with them to facilitate public offerings, and drives sustainable growth to create shareholder value.

Who are the key partners of IX Acquisition Corp.?

IX Acquisition Corp. engages with strategic partners and advisors for legal, financial, and market insights to support its business combinations.

What financial condition does IX Acquisition Corp. maintain?

IX Acquisition Corp. maintains a robust capital structure to ensure it can pursue significant and profitable business combinations.

Why should investors consider IX Acquisition Corp.?

Investors should consider IX Acquisition Corp. due to its strategic approach to identifying valuable business targets, robust financial health, and commitment to long-term value.

Where can I find the latest news about IX Acquisition Corp.?

The latest news about IX Acquisition Corp. can be found on their official website and financial news platforms like StockTitan.

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IX Acquisition Corp.

Nasdaq:IXAQ

IXAQ Rankings

#4377 Ranked by Market Cap
N/A Ranked by Dividends

IXAQ Stock Data

99.03M
6.85M
58.44%
39.31%
0.01%
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