IXAQF · IX Acquisition Corp.
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that the liquidity condition and mandatory liquidation, should a Business Combination not occur, and potential subsequent dissolution of the Company raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited condensed consolidated financial statements are issued.”View the 10-Q filed Jul 16, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2023-05-09 | IX Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class A Ordinary Shares (Direct)
In accordance with the Issuer's amended and restated memorandum and articles of association, as amended, Sponsor elected to convert its Class B Shares into Class A Shares on a one-for-one basis for no consideration. The securities are held directly by Sponsor. Sponsor is controlled by its manager, IX Acquisition Sponsor Manager, LLC ("Sponsor Manager"). Voting and investment decisions with respect to the securities held by Sponsor have been delegated to the three officers of Sponsor Manager, Noah Aptekar, Karen Bach and Edward Tsun-Wei Chen, and decisions of the officers are made by majority consent. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the officers of Sponsor Manager, none of the officers of Sponsor Manager is deemed to be a beneficial owner of the securities reported herein. |
Class A Ordinary Shares
|
4,002,121 |
| 2023-05-09 | IX Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
In accordance with the Issuer's amended and restated memorandum and articles of association, as amended, Sponsor elected to convert its Class B Shares into Class A Shares on a one-for-one basis for no consideration. The Class B ordinary shares, par value $0.0001 per share ("Class B Shares"), of IX Acquisition Corp. ("Issuer") are convertible for the Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no consideration, and have no expiration date. The securities are held directly by Sponsor. Sponsor is controlled by its manager, IX Acquisition Sponsor Manager, LLC ("Sponsor Manager"). Voting and investment decisions with respect to the securities held by Sponsor have been delegated to the three officers of Sponsor Manager, Noah Aptekar, Karen Bach and Edward Tsun-Wei Chen, and decisions of the officers are made by majority consent. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the officers of Sponsor Manager, none of the officers of Sponsor Manager is deemed to be a beneficial owner of the securities reported herein. |
Class B Ordinary Shares
|
4,002,121 |
| 2021-10-12 | IX Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
The Class B ordinary shares, par value $0.0001 per share ("Class B Shares"), of IX Acquisition Corp. ("Issuer") are convertible for the Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no consideration, and have no expiration date. On October 12, 2021, in connection with the Issuer's initial public offering, Sponsor transferred an aggregate of 1,747,879 Class B Shares to certain anchor investors who purchased units in the Issuer's initial public offering. Such Class B Shares were transferred at the same per share price initially paid by Sponsor for such shares. The securities are held directly by Sponsor. Sponsor is controlled by its manager, IX Acquisition Sponsor Manager, LLC ("Sponsor Manager"). Voting and investment decisions with respect to the securities held by Sponsor have been delegated to the three officers of Sponsor Manager, Noah Aptekar, Karen Bach and Edward Tsun-Wei Chen, and decisions of the officers are made by majority consent. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the officers of Sponsor Manager, none of the officers of Sponsor Manager is deemed to be a beneficial owner of the securities reported herein. |
Class B Ordinary Shares
|
1,747,879 |