IXAQF on OTC
IX Acquisition Corp.
Communications services company in the Cayman Islands, listed on OTC (IXAQF)1
In its 2026 annual report the company says: “IX Acquisition Corp. is a blank check company incorporated on March 1, 2021 as a Cayman Islands exempted company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date.”4
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Last updated Oct 20, 2026.
Overview
- TickerIXAQF on OTC1
- IndustryCommunications Services, NEC1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address53 Davies Street, London, W1K 5Jh3
- Filer category, Emerging growth company3
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IX Acquisition Corp. (the “ Company ”) is a blank check company incorporated on March 1, 2021 as a Cayman Islands exempted company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Securities Exchange Act of 1934 (the “ Exchange Act ”) because we have no operations and nominal assets consisting almost entirely of cash.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Operating and formation expenses | $205.0K | $2.7M |
| Loss from operations | -$205.0K | -$2.7M |
| Income from cash held in the Trust Account | $541.4K | $1.2M |
| Interest (expense) on operating cash account | -$68 | |
| Benefit from credit loss | $500.0K | |
| Change in fair value of derivative warrant liabilities | -$1.7M | -$746.0K |
| Total other (expense) income, net | -$637.1K | $474.4K |
| Net loss | -$842.1K | -$2.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $179.0K | $3.5K | |||
| Prepaid expenses | $25.8K | $27.1K | |||
| Due from AERKOMM | $160.0K | ||||
| Due from related party | $14.8K | $13.9K | |||
| Total current assets | $379.5K | $44.5K | |||
| Cash held in the Trust Account | $8.8M | $18.9M | |||
| Total Assets | $9.2M | $19.0M | |||
| Accounts payable | $412.9K | $421.1K | |||
| Accrued expenses | $2.7M | $2.2M | |||
| Promissory note-related party | $4.0M | $3.9M | |||
| Total current liabilities | $7.0M | $6.5M | |||
| Derivative warrant liabilities | $2.8M | $1.1M | |||
| Deferred underwriting fee payable | $6.0M | $6.0M | |||
| Total non-current liabilities | $8.8M | $7.2M | |||
| Total Liabilities | $15.9M | $13.6M | |||
| Class A ordinary shares subject to possible redemption, $0.0001 par value, at approximately $12.53 and $11.77 per share, respectively; 701,043 and 1,610,373 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $8.8M | $18.9M | $31.4M | ||
| Accumulated deficit | -$15.5M | -$13.6M | |||
| Total shareholders' deficit | -$15.5M | -$13.6M | -$9.5M | ||
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit | $9.2M | $19.0M | |||
| Net of allowance | $3.1M | $500.0K | |||
| Class A ordinary shares subject to possible redemption, redemption value per share (in dollars per share) | $12.35 | $11.58 | |||
| Class A ordinary shares subject to possible redemption, shares outstanding (in shares) | 701.0K shares | 1.6M shares | 2.8M shares | ||
| Preference shares, par value, (in dollars per share) | $0.00 | $0.00 | |||
| Preference shares, shares authorized | 1.0M shares | 1.0M shares | |||
| Preference shares, shares issued (in shares) | 0 shares | 0 shares | |||
| Preference shares, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $179.0K | $3.5K | |||
| Prepaid expenses | $25.8K | $27.1K | |||
| Due from AERKOMM | $160.0K | ||||
| Due from related party | $14.8K | $13.9K | |||
| Total current assets | $379.5K | $44.5K | |||
| Cash held in the Trust Account | $8.8M | $18.9M | |||
| Total Assets | $9.2M | $19.0M | |||
| Accounts payable | $412.9K | $421.1K | |||
| Accrued expenses | $2.7M | $2.2M | |||
| Promissory note-related party | $4.0M | $3.9M | |||
| Total current liabilities | $7.0M | $6.5M | |||
| Derivative warrant liabilities | $2.8M | $1.1M | |||
| Deferred underwriting fee payable | $6.0M | $6.0M | |||
| Total non-current liabilities | $8.8M | $7.2M | |||
| Total Liabilities | $15.9M | $13.6M | |||
| Class A ordinary shares subject to possible redemption, $0.0001 par value, at approximately $12.53 and $11.77 per share, respectively; 701,043 and 1,610,373 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $8.8M | $18.9M | $31.4M | ||
| Accumulated deficit | -$15.5M | -$13.6M | |||
| Total shareholders' deficit | -$15.5M | -$13.6M | -$9.5M | ||
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit | $9.2M | $19.0M | |||
| Net of allowance | $3.1M | $500.0K | |||
| Class A ordinary shares subject to possible redemption, redemption value per share (in dollars per share) | $12.35 | $11.58 | |||
| Class A ordinary shares subject to possible redemption, shares outstanding (in shares) | 701.0K shares | 1.6M shares | 2.8M shares | ||
| Preference shares, par value, (in dollars per share) | $0.00 | $0.00 | |||
| Preference shares, shares authorized | 1.0M shares | 1.0M shares | |||
| Preference shares, shares issued (in shares) | 0 shares | 0 shares | |||
| Preference shares, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$842.1K | -$2.3M |
| Change in fair value of derivative warrant liabilities | $1.7M | $746.0K |
| Income from cash held in the Trust Account | -$541.4K | -$1.2M |
| Benefit from credit loss | -$500.0K | |
| Prepaid expenses and due from related party | $429 | -$10.9K |
| Due from AERKOMM | -$160.0K | |
| Accounts receivable | $500.0K | |
| Accounts payable | -$8.2K | $421.1K |
| Accrued expenses | $468.5K | $946.6K |
| Net cash provided by (used in) operating activities | $595.8K | -$1.4M |
| Cash withdrawn from Trust Account in connection with Redemptions | $11.2M | $14.3M |
| Cash deposited in the Trust Account | -$518.9K | -$594.9K |
| Net cash provided by investing activities | $10.7M | $13.7M |
| Proceeds from convertible promissory note - related party | $578.5K | $2.0M |
| Repayment of promissory note - related party | -$480.0K | |
| Redemption of ordinary shares | -$11.2M | -$14.3M |
| Net cash used in financing activities | -$11.1M | -$12.3M |
| Net change in cash | $175.4K | -$20.8K |
| Remeasurement of Class A ordinary shares to redemption amount | $1.1M | $1.8M |
No quarter-by-quarter statement was filed.
Corporate structure
IX Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of IX Acquisition Corp.
- Polar Asset Management Partners Inc. Filed SCHEDULE 13G/A on IX Acquisition Corp., latest Feb 17, 2026 (5 filings since Feb 9, 2022)
- METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on IX Acquisition Corp., latest May 15, 2025 (2 filings since Feb 14, 2025)
- IX Acquisition Sponsor, LLC Filed SCHEDULE 13G/A on IX Acquisition Corp., latest Feb 14, 2025 (2 filings since Feb 9, 2022)
- Radcliffe Capital Management, L.P. Filed SC 13G/A on IX Acquisition Corp., latest Jun 28, 2024 (4 filings since Oct 7, 2021)
- CAAS CAPITAL MANAGEMENT LP Filed SC 13G/A on IX Acquisition Corp., latest Feb 13, 2024 (4 filings since Mar 21, 2022)
- LMR Partners LLP Filed SC 13G/A on IX Acquisition Corp., latest Feb 12, 2024 (4 filings since Oct 14, 2021)
- MILLENNIUM MANAGEMENT LLC Filed SC 13G/A on IX Acquisition Corp., latest Feb 6, 2024 (3 filings since Apr 11, 2022)
- Magnetar Financial LLC Filed SC 13G/A on IX Acquisition Corp., latest Jan 26, 2024 (3 filings since Feb 4, 2022)
- Beryl Capital Management LLC Filed SC 13G/A on IX Acquisition Corp., latest Feb 13, 2023 (3 filings since Oct 18, 2021)
- VR Advisory Services Ltd Filed SC 13G on IX Acquisition Corp., latest Oct 15, 2021
- SEA OTTER SECURITIES GROUP LLC Filed SC 13G/A on IX Acquisition Corp., latest Oct 12, 2021 (2 filings since Oct 12, 2021)
- IX Acquisition Corp. E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What IX Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $179.0K2 Dec 31, 2025 | $3.5K2 Dec 31, 2024 | +4974.4% |
Properties, in its own words
Our principal executive offices are located at 53 Davies Street, London W1K 5JH United Kingdom. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Apr 9, 2026.4
Leadership
Who has led IX Acquisition Corp., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerKaren Bach Oct 6, 2021 to Oct 6, 202112
- ChairGuy Willner Oct 6, 2021 to Oct 6, 202113
- Chief financial officerNoah Aptekar Oct 6, 2021 to Oct 6, 202114
Board members and other officers (9)
- Vice PresidentVictoria Reid Oct 6, 2021 to Oct 6, 202115
- Board memberHenry Choi May 9, 2023 to May 9, 202316
- Board memberTeresa Barger Nov 13, 2023 to Nov 13, 202317
- Board memberAndrew Bartley Oct 6, 2021 to Oct 6, 202118
- Board memberEduardo Marini Oct 6, 2021 to Oct 6, 202119
- Board memberIan Spence Oct 6, 2021 to Oct 6, 202120
- Board memberKaren Bach Oct 6, 2021 to Oct 6, 202112
- Board memberNoah Aptekar Oct 6, 2021 to Oct 6, 202114
- Board memberShannon Grewer Oct 6, 2021 to Oct 6, 202121
Timeline
- Oct 13, 20268-K Shareholder vote; Other events22
- Aug 31, 20268-K Entered a material agreement23
- Jan 9, 20268-K Entered a material agreement; Other events24
- Nov 7, 20258-K Shareholder vote; Other events25
- Nov 7, 20258-K Entered a material agreement26
- Oct 8, 20258-K Shareholder vote27
- Jul 24, 20258-K Entered a material agreement28
- Jul 23, 20258-K Entered a material agreement29
- Apr 25, 20258-K Change of auditor30
- Apr 18, 20258-K Entered a material agreement31
- Feb 21, 20258-K Entered a material agreement32
- Dec 16, 20248-K Listing notice or transfer33
- Oct 6, 2021New chief executive Karen Bach becomes CEO12
Filings
150 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 42 major events, 12 insider forms, 33 large holders, 41 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Sep 25, 2026DEF 14A EDGAR
- Sep 10, 2026PRE 14A EDGAR
- Sep 8, 202610-Q EDGAR
- Aug 31, 2026425 EDGAR
- Aug 31, 20268-K EDGAR
- Aug 24, 2026NT 10-Q EDGAR
- Jul 16, 202610-Q EDGAR
- May 15, 2026NT 10-Q EDGAR
- Apr 9, 202610-K EDGAR
- Apr 1, 2026NT 10-K EDGAR
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Jan 9, 20268-K EDGAR
- Jan 6, 2026SEC STAFF ACTION EDGAR
- Dec 23, 202510-Q EDGAR
- Dec 23, 202510-Q EDGAR
- Nov 14, 2025NT 10-Q EDGAR
- Nov 7, 20258-K EDGAR
- Nov 7, 20258-K EDGAR
- Oct 10, 2025DEFA14A EDGAR
The 150 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Polar Asset Management Partners Inc.SCHEDULE 13G/A, 5 filings Feb 9, 2022 to Feb 17, 202634
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202535
- IX Acquisition Sponsor, LLCSCHEDULE 13G/A, 2 filings Feb 9, 2022 to Feb 14, 202536
- Radcliffe Capital Management, L.P.SC 13G/A, 4 filings Oct 7, 2021 to Jun 28, 202437
- CAAS CAPITAL MANAGEMENT LPSC 13G/A, 4 filings Mar 21, 2022 to Feb 13, 202438
- LMR Partners LLPSC 13G/A, 4 filings Oct 14, 2021 to Feb 12, 202439
- MILLENNIUM MANAGEMENT LLCSC 13G/A, 3 filings Apr 11, 2022 to Feb 6, 202440
- Magnetar Financial LLCSC 13G/A, 3 filings Feb 4, 2022 to Jan 26, 202441
- Beryl Capital Management LLCSC 13G/A, 3 filings Oct 18, 2021 to Feb 13, 202342
- VR Advisory Services LtdSC 13G, 1 filing Oct 15, 202143
- SEA OTTER SECURITIES GROUP LLCSC 13G/A, 2 filings Oct 12, 202144
SEC filer profile
How IX Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARIX Acquisition Corp.1
- CIK0001852019
- Employer ID (EIN)98-15869224
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4899 Communications Services, NEC1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address53 Davies Street, London, London W1K 5JH, United Kingdom1
- Phone44 (0) 203 983 0451
- Shares outstanding4,703,164 Common Class A shares; 1,747,879 Common Class B shares as of Apr 9, 20264
- Public float$19.0M as of Jun 30, 20254
- AuditorCBIZ CPAs P.C., Hartford, CT PCAOB ID 199; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceApr 8, 20211
- Filings153 in all: 8-K (37), SC 13G/A (16), 10-Q (15), SC 13G (12), 3 (11), NT 10-Q (10), 10-K (5), 8-K/A (5)1
All 29 form types
DEF 14A (5), PRE 14A (5), DEFA14A (4), NT 10-K (4), S-4/A (4), SCHEDULE 13G/A (3), 425 (2), SCHEDULE 13G (2), 10-K/A (1), 10-Q/A (1), 25-NSE (1), 4 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), S-1/A (1), S-4 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Apr 9, 2026
Quarterly report (10-Q) Sep 8, 2026
Proxy statement (DEF 14A) Sep 25, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| None |
From the cover page of the 10-K filed Apr 9, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
Legal proceedings
As of December 31, 2025, to the knowledge of our management, there was no material litigation, arbitration or governmental proceeding pending against us or any members of our management team in their capacity as such, and we and the members of our management team have not been subject to any such proceeding.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 12SEC EDGARKaren Bach, Chief executive officer
- 13SEC EDGARGuy Willner, Chair
- 14
- 15SEC EDGARVictoria Reid, Vice President
- 16SEC EDGARHenry Choi, Board member
- 17SEC EDGARTeresa Barger, Board member
- 18SEC EDGARAndrew Bartley, Board member
- 19SEC EDGAREduardo Marini, Board member
- 20SEC EDGARIan Spence, Board member
- 21SEC EDGARShannon Grewer, Board member
- 22SEC EDGARShareholder vote; Other events
- 23SEC EDGAREntered a material agreement
- 24
- 25SEC EDGARShareholder vote; Other events
- 26SEC EDGAREntered a material agreement
- 27SEC EDGARShareholder vote
- 28SEC EDGAREntered a material agreement
- 29SEC EDGAREntered a material agreement
- 30SEC EDGARChange of auditor
- 31SEC EDGAREntered a material agreement
- 32SEC EDGAREntered a material agreement
- 33SEC EDGARListing notice or transfer
- 34
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- 44