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IX Acquisition Secures New Commercial Funding Agreement

Story Highlights
  • IX Acquisition Corp. entered a merger with AERKOMM Inc. to facilitate SAFE investments.
  • A Commercial Funding and Repayment Agreement was established to manage financial filings and working capital.
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IX Acquisition Secures New Commercial Funding Agreement

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IX Acquisition ( (IXAQF) ) has shared an update.

On March 29, 2024, IX Acquisition Corp., a Cayman Islands company, entered into a Merger Agreement with AERKOMM Inc., a Nevada corporation, to facilitate investments through Simple Agreements for Future Equity (SAFE) totaling at least $15 million. As of the latest report, SAFE Agreements amounting to $6,497,200 have been executed, with provisions for automatic conversion upon merger completion. Additionally, on July 15, 2025, IX Acquisition Corp. entered into a Commercial Funding and Repayment Agreement to ensure the timely filing of financial documents and manage working capital needs, including repayments of promissory notes and bridge loans.

More about IX Acquisition

Average Trading Volume: 1,683

Technical Sentiment Signal: Buy

Current Market Cap: $87.96M

See more data about IXAQF stock on TipRanks’ Stock Analysis page.

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