IXAQF 8-K
IX Acquisition Corp. (IXAQF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
On January 19, 2024, IX Acquisition Corp., a Cayman Islands exempted company (the “Company”), issued a press release announcing that its Board of Directors (the “Board”) had elected to extend the date by which the Company has to consummate a business combination (the “Deadline Date”) from January 12, 2024 for an additional month to February 12, 2024. The Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) provides the Company with the right to extend the Deadline Date eighteen times for an additional one month each time (each, an “Extension”), from April 12, 2023, the initial Deadline Date, to up to October 12, 2024. In connection with the tenth Extension, the Board delivered IX Acquisition Sponsor LLC (the “Sponsor”) a written request to draw down $50,000 under its previously-disclosed promissory note. The Sponsor will deposit $50,000 into the Company’s trust account in connection with the tenth Extension within seven days of January 12, 2024.
The Board of Directors furthermore confirmed their intention and policy to continue to extend the Deadline Date on a monthly basis, but will not be issuing a press release every month. Therefore, investors can expect that the Sponsor will continue to deposit $50,000 into the Company’s trust account in connection with each Extension within seven days of the 12th day of each month. In the event that the Board of Directors elects not to extend, they will issue a press release announcing this change in policy.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press Release, dated January 19, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within 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. | |||
| By: | /s/ Noah Aptekar | ||
| Name: | Noah Aptekar | ||
| Title: | Chief Financial Officer and Chief Operating Officer | ||
| Dated: January 19, 2024 | |||
Exhibit 99.1
IX Acquisition Corp. Announces
Tenth Extension of Deadline to Complete Initial Business Combination
New York, NY, January 19, 2024 -- IX Acquisition Corp. (Nasdaq: IXAQ) (the “Company”) announced today that its board of directors (the “Board”) has decided to extend the date by which the Company must consummate an initial business combination (the “Deadline Date”) from January 12, 2024 for an additional month, to February 12, 2024. This is the tenth of eighteen potential one-month extensions of the Deadline Date available to the Company pursuant to its Amended and Restated Memorandum and Articles of Association. IX Acquisition Sponsor LLC (the “Sponsor”) will deposit $50,000 into the Company’s trust account in connection with this extension within seven days of January 12, 2024.
Furthermore, the board of directors announced their intention to continue to extend the Deadline Date on a monthly basis, but will not be issuing a press release every month. Therefore, investors can expect that the Sponsor will continue to deposit $50,000 into the Company’s trust account in connection with each Extension within seven days of the 12th day of each month. In the event that the board of directors elects not to extend, the Company will issue a press release announcing this change in policy.
About IX Acquisition Corp.
IX Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. For more information, please visit https://www.ixacq.com.
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