IX Acquisition Corp.

IX Acquisition Corp. (IXAQF) is a blank-check company (SPAC) that raised $200M in its initial public offering on Oct 8, 2021, listing on Nasdaq Global Market. It agreed to combine with AERKOMM Inc., announced on Apr 4, 2024. The deal has not closed yet. Riverstone Holdings led the IPO, with Decarbonization Plus Acquisition and Goldman Sachs. Winston & Strawn advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

AERKOMM Inc. is a satellite technology company providing multi-orbit broadband connectivity solutions, including in-flight connectivity. It is listed on Euronext and quoted on the OTCQX, and has agreed a business combination with IX Acquisition Corp alongside a US$35 million private placement.

Status

Deal announced

Ticker

IXAQF

IPO date

Oct 8, 2021

IPO size

$200M

IPO exchange

Nasdaq Global Market

Target

AERKOMM Inc.

Target sector

AI/Software

Announced

Apr 4, 2024

Combined company

Surviving Pubco (AERKOMM as wholly owned subsidiary of domesticated IX Acquisition Corp.)

IPO underwriters

Riverstone Holdings, Decarbonization Plus Acquisition and Goldman Sachs

SPAC counsel (IPO)

Winston & Strawn and Maples and Calder

Underwriters' counsel (IPO)

Ellenoff Grossman & Schole