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 Mar 29, 2024, at a stated value of $200M. 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

Mar 29, 2024

Stated deal value

$200M

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