IX Acquisition Corp. Class A Ordinary Share

IXAQ

Market cap $99.5M

SILICON VALLEY, Calif., March 29, 2024 /PRNewswire/ -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, "AERKOMM"), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, "IXAQ"), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement ("BCA") and raised US $35 million in a private placement.

SILICON VALLEY, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, “AERKOMM”), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement (“BCA”) and raised US $35 million in a private placement.

NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- 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.

LONDON, Dec. 15, 2023 (GLOBE NEWSWIRE) -- IX Acquisition Corp. (NASDAQ: IXAQ) (the “Company”), a blank check company incorporated as a Cayman Islands exempted company, today announced that, on December 11, 2023, it held an extraordinary general meeting in lieu of an annual general meeting of the shareholders (the “Meeting”) to consider and vote on proposals to (i) extend the date by which the Company has to complete a business combination from December 12, 2023, on a monthly basis, up to ten (10) times, until October 12, 2024 (the “Second Extension” and such proposal, the “Second Extension Amendment Proposal”) and (ii) ratify the selection by the Company's audit committee of Marcum LLP to serve as the Company's independent registered public accounting firm for the year ending December 31, 2023 (the “Auditor Ratification Proposal”). At the Meeting, shareholders approved the Second Extension Amendment Proposal and the Auditor Ratification Proposal.

IX Acquisition Corp. (NASDAQ: IXAQ) (the “Company”), a blank check company incorporated as a Cayman Islands exempted company, today announced that it has filed a supplement (“Supplement”) to its definitive proxy statement (the “Proxy Statement”) with the US Securities and Exchange Commission (the “SEC”) on November 24, 2023, in connection with an extraordinary general meeting in lieu of an annual general meeting of the shareholders (“Meeting”) to consider and vote on certain proposals, including an extension of the date by which the Company has to complete a business combination from December 12, 2023 on a monthly basis up to ten (10) times until October 12, 2024 (the “Second Extension”). The Supplement provides that the monthly loan amount that IX Acquisition Sponsor LLC (the “Sponsor”) will contribute to the Company's trust account if the Second Extension is approved will increase from $0.015 to $0.025 for each public share that is not redeemed while retaining the $50,000 maximum monthly amount to be contributed by the Sponsor (each such monthly loan, a “Contribution”). The Company's shareholders previously approved an extension of the time the Company has to consummate a business combination from April 12, 2023 to May 12, 2023, and to allow the Company, without another shareholder vote, by resolution of the Board, to elect to further extend such deadline in one-month increments up to eleven additional times, until April 12, 2024 (the “First Extension”).

LONDON, Nov. 30, 2023 (GLOBE NEWSWIRE) -- IX Acquisition Corp. (NASDAQ:  IXAQ ) (the “Company”), a blank check company incorporated as a Cayman Islands exempted company, today announced that it filed a definitive proxy statement (the “Proxy Statement”) on November 24, 2023 with the US Securities and Exchange Commission (the “SEC”) to seek shareholder approval to, among other proposals, extend the period of time the Company will have to consummate its initial business combination from December 12, 2023 on a monthly basis up to ten (10) times until October 12, 2024, or such earlier date as determined by the Company's board of directors (the “Board” and such action, the “Second Extension”). The Company's shareholders previously approved an extension of the time the Company has to consummate a business combination from April 12, 2023 to May 12, 2023, and to allow the Company, without another shareholder vote, by resolution of the Board, to elect to further extend such deadline in one-month increments up to eleven additional times, until April 12, 2024 (the “First Extension”).