IX Acquisition Corp.
IXAQF · OTC
NO ACTION REQUIRED
There is no dated way to act
The last election on file was 8 October and nothing dated has been filed since, so we cannot show you a day to act by. That is an absence in our record, not a right that is gone.
Last close
7.4% below cash vs estimated NAV
Daily close
SpacBrain’s read
Floor not confirmed
The last redemption window closed with the 8 October election — it was held, and no new one has been filed since, so we cannot show you a date to act by.
Size is a real constraint here: $9.1M of cash in total.
What we do have: no company deadline is on file either. The full chain of evidence is under Evidence.
Change on the last daily close0.0% day
That is $0.87 below the $12.93 of cash held per share as last filed — though the right to claim that cash is not confirmed on file. Against our ESTIMATE of what the trust holds today — ~$13.03, the filed figure carried forward at the T-bill — the same price is 7.4% below the cash. That estimate is our arithmetic, not a filing.
In plain terms
- What it is
- A $226M SPAC, listed on OTC in October 2021. Each unit put $10.05 into the shareholders' cash account at listing; it holds $12.93 a share today — interest earned on the account, plus any payments the sponsor made to extend the deadline, spread over the shares that never cashed out.
- What it's doing now
- It agreed in October 2024 to merge with AERKOMM Inc., a Communication services company. The deal values that business at about $200M. No date has been filed for the shareholder vote.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Deal announced · next: the shareholder vote, awaiting filing
- A deal has been announced. Before anyone can redeem, a merger proxy has to be filed — an S-4 or F-4 registration statement, or a preliminary proxy — the SEC has to clear it, and a meeting date has to be set. That meeting is where you redeem. No such date is on file with us, so there is none to show.
- Merging with
- AERKOMM Inc.
- Industry
- Communication services
- Deal value
- $200M
- announced 28 October 2024
- Price vs cash floor
- $12.06 vs $12.93
- $0.87 below the last filed cash held for you; 7.4% below cash against our estimated ~$13.03
- Cash left in trust
- $9.1M
- IPO
- 8 October 2021
- $226M raised · 100.5% of each $10 unit into trust
- Headquarters
- 53 DAVIES STREET, LONDON, W1K 5JH
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Barger Teresa (Director) · Choi Henry (Director) · Willner Guy (Director)
- Listed securities
- IXAQF common · IXAQF common $12.06
As last filed, 30 June 2026.
source: XBRL companyfacts
Modelled, not filed: $12.93 filed 30 June 2026, compounded 71 days at the 3.94% 3-month T-bill (treasury.gov daily par yield curve). No tax drag, extension deposits or dissolution costs are modelled.
- vs last filed NAV
- 6.7%below cash
- $12.93, as of Jun 30, 2026
- vs estimated NAV today (our estimate)
- 7.4%below cash
- ~$13.03, accrued 71 days at 3.94%
Two denominators, one price. The filed figure is what a document says the trust held on its date; the estimate carries it forward at the T-bill for the days since, which is our arithmetic and not a filing.
At the 10 October 2025 event.
A deal has been announced. Before anyone can redeem, a merger proxy has to be filed — an S-4 or F-4 registration statement, or a preliminary proxy — the SEC has to clear it, and a meeting date has to be set. That meeting is where you redeem. No such date is on file with us, so there is none to show.
Yield to redemption
No dated redemption window on file — no yield to compute.
We hold no redemption election for this SPAC and no dated event of any kind — there is nothing to measure a yield to. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- The last redemption election on file — extension vote on 8 October — has passed, and no new one has been filed since. Holders who stayed through it keep the right to redeem at the next election; there simply is no next election on file, so this page cannot tell you a day to act by.
- Cash held in trust is $12.93 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
What has happened, and what is coming
9 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 28 October 2024Deal announcedpassed
Combination with AERKOMM Inc.
redemption rate not stated in the filing
Show the earlier 6 milestones
- 8 October 2021IPOpassed
$226M raised into trust
redemption rate not stated in the filing
redemption rate not stated in the filing
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- AERKOMM Inc.$200M · announced 28 October 2024announcedCommunication servicespost-close AKOMSEC primary
What AERKOMM Inc. does — read from aerkomm.com on 31 August 2026
AERKOMM provides autonomous mission systems that unify communications, sensors, and unmanned platforms into a single operational network. Their technology focuses on resilient operations, scalable autonomy, and sovereign control, addressing vulnerabilities in datalinks caused by jamming and GPS spoofing. The solution includes conformal ESA hardware, multi-network connectivity, edge AI compute, sensor fusion software, and swarm orchestration SaaS.
DefenseUnmanned SystemsCommunicationsSensors
Who has already taken their money back
3 filed eventsEach time shareholders were offered their cash back, some took it. Heavy cash-outs drain the account and shrink the number of shares left — whatever remains has to carry the deal.
Worst single event
—
no filing states a pre-event share count
Shares redeemed, all events
20.48M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Oct 10, 2025Extensionno rate statedredeemed 0.909M sh0001104659-25-124208
Show the other 2 cash-out events
- Oct 9, 2024Extensionno rate stated
- Apr 10, 2023Extensionno rate stated
The score
deterministic, from filed fieldsIXAQF is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
IX Acquisition Corp. is a Cayman Islands exempted company incorporated as a blank check company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company stated its intention to focus on the Technology, Media and Telecommunications (TMT) and Information and Communication Technology (ICT) industries, specifically targeting the telecommunications infrastructure, internet and technology, and digital services sectors operating in Europe and emerging markets, while reserving the right to pursue a target outside those geographies. Headquartered in London, the company is led by Chief Executive Officer and Director Nominee Karen Bach and Executive Chairman and Director Nominee Guy Willner, both of whom bring extensive experience building and operating TMT and ICT businesses, including prior roles at IXcellerate, IXEurope, and several other public and private technology companies.
The company priced its initial public offering on October 8, 2021, under SEC file number 333-259567, with units initially listed on Nasdaq under the symbol "IXAQU"; upon separation, the Class A ordinary shares and warrants were expected to trade under "IXAQ" and "IXAQW," respectively, though the common stock later traded over the counter under the ticker IXAQF. Each unit consisted of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share. The offering placed $10.05 per unit into a trust account maintained with Continental Stock Transfer & Trust Company, and the company's sponsor, IX Acquisition Sponsor LLC, together with underwriters Cantor Fitzgerald & Co. and Odeon Capital Group, committed to purchase 7,000,000 private placement warrants at $1.00 each in a concurrent private placement.
The company's charter provided for an initial business combination deadline of 18 months from the closing of the offering, after which it would redeem 100% of public shares if no combination was completed. The underwriters held a 45-day over-allotment option covering up to 3,000,000 additional units. As of the most recent filings, IX Acquisition Corp. had announced a business combination involving AERKOMM, with the topco AKOM Inc. filing an S-4 registration statement on January 16, 2026; however, no completed combination had been consummated, as evidenced by the absence of any Item 2.01 disclosure in the company's 8-K filing history and no Form 15 filed as of the latest available records.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Investors tracking redemption deadlines and deal progress should note that this filing updates the PIPE/SAFE financing component of the merger with AERKOM Inc., confirming the total capital commitment and conversion mechanics required for the transaction's completion conditions.
The floor is intact and rising: $12.73 per share in trust at March 31, 2026, up from $12.53 three months earlier as interest accrues, against a $10.00 starting point. But only 701,043 public shares remain against 1,747,879 founder shares, so redemptions have already removed most of the public float and the sponsor now holds the majority of the equity. On liquidation the trust pays out net of taxes and up to $100,000 of dissolution expenses; until then the AERKOMM deal, signed in March 2024, is the only path to a completion.
The declining contribution schedule tells the story - from $160,000 a month to a cap of $50,000 - so each successive extension accretes the trust less while holders carry more time risk. The company has now been extending continuously for close to two years without completing a deal. Redemption at the trust value at each vote remains the only certain outcome, and the shrinking deposits mean the per-share trust grows only marginally between them.
The registered ceiling is two lines: 43,378,679 shares plus warrants over a further 18,650,000 shares, so the warrant overhang is roughly 43% the size of the share line and must be counted separately. The merger agreement dates from March 2024 and has now been amended twice, most recently two days before this filing; the document records the dates but not what changed. The domestication moves shareholder rights to Delaware law before the merger. No vote date is stated in this portion.
The registered ceiling — 43,378,679 shares plus warrants over a further 18,650,000 shares — is identical to the figure carried in the later amendment of this registration statement, so it was fixed by this point. As of this version the merger agreement carried one amendment, dated September 25, 2024. No vote date is stated in this portion.
The registered ceiling — 43,378,679 shares plus warrants over 18,650,000 more — is identical across the amendments of this registration statement, so it was fixed by this point and is not version-specific. The merger agreement carried one amendment, dated September 25, 2024. No vote date is stated in this portion.
Show 4 more material filings
This is the first version of the registration statement to carry the September 25, 2024 amendment to the merger agreement, filed two days after it was signed. The registered ceiling of 43,378,679 shares plus warrants over 18,650,000 more is set here and holds through the later amendments. No vote date is stated in this portion.
Converting the founder Class B shares into Class A removes the separate class but not the economics - the sponsor's stake now sits alongside public shares while its monthly contribution stays capped at $50,000. Holders have been extending monthly for over a year at fifteen tenths of a cent a share, and would still be extending twelve months later at three cents. Redemption at trust is the reliable exit at each vote.
This is the baseline of the IXAQ / AERKOMM registration and the registered ceiling — 43,378,679 shares plus warrants over a further 18,650,000 — is fixed here and does not move through any later amendment of this registration statement. At this stage the merger agreement was unamended. No vote date is stated.
The $1,920,000 of extension money is a convertible loan, so it can become warrants rather than cash repayment — dilution that grows with every month of delay. If no combination closes, those notes are repaid only from funds outside the trust or forgiven, which does protect the per-share trust value. Twelve months of extension in one vote removes eleven future redemption windows, making this meeting the practical exit point for IXAQ holders.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
- What changed vs 2026-07-16trust $8.9M → $9.1M +2%sponsor loan $4.0M → $3.8M
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $8.9M$9.1M
- Sponsor loans outstanding
- $4.0M$3.8M
- Combination deadline
- 2026-10-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 146Knot matched in this filing
SpacBrain reads this as $139,429 was added to the trust between the two filings.
The clause “0 Total current assets 564,435 379,475 Non-current assets: Cash held in the Trust Account 9,066,245 8,781,221 Total Assets $ 9,630,680 $ 9,160,696 Liabilities, Class A Ordinary Shares Subject to”…
SpacBrain reads this as $150,000 of sponsor debt has come off.
The clause …“12, 2026, respectively. As of June 30, 2026 and December 31, 2025, the outstanding principal under the Third Amended and Restated Extension Promissory Note was $3,805,175 and $3,955,175, respectively. Founder Conversion On May 9,”…
The clause …“from October 12, 2025 on a monthly basis up to twelve (12) times until October 12, 2026 was approved by depositing into the Company’s Trust Account for each one-month extension the lesser of (a) $ 40,000 and (b) $ 0.04 for each”…
The clause …“not occur, and potential subsequent dissolution of the Company raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: IX Acquisition Corp. filed a Form 8-K under Rule 425 disclosing the execution of two additional Simple Agreement for Future Equity (SAFE) agreements on July 20, 2026, and August 6, 2026, bringing the aggregate SAFE investment to $13,000,000. The filing states these SAFEs will automatically convert into Parent Common Stock at $11.50 per share upon closing, including an additional 1,062,609 shares held in escrow subject to milestone events. Why it matters: Investors tracking redemption deadlines and deal progress should note that this filing updates the PIPE/SAFE financing component of the merger with AERKOM Inc., confirming the total capital commitment and conversion mechanics required for the transaction's completion conditions.
What changed: IX Acquisition Corp. filed an 8-K on August 31, 2026, listing a Form of Simple Agreement for Future Equity as Exhibit 10.1, which is incorporated by reference from a prior filing dated May 17, 2024. Why it matters: The document does not contain new redemption deadlines, trust value updates, or extension notices; it merely references existing transaction documents without disclosing new terms or dates in this specific filing.
What changed: IX Acquisition Corp. filed its 10-Q for the quarter ended March 31, 2026. Class A ordinary shares subject to possible redemption stood at 701,043 shares at both March 31, 2026 and December 31, 2025, carried at approximately $12.73 and $12.53 per share respectively, or $8,926,816 against $8,781,221 in trust. There were 1,747,879 Class B ordinary shares outstanding. The merger agreement dated March 15, 2024 with AKOM Merger Sub and AERKOMM Inc. is still intended to be the initial business combination, and the report carries a liquidity, capital resources and going concern discussion. Why it matters: The floor is intact and rising: $12.73 per share in trust at March 31, 2026, up from $12.53 three months earlier as interest accrues, against a $10.00 starting point. But only 701,043 public shares remain against 1,747,879 founder shares, so redemptions have already removed most of the public float and the sponsor now holds the majority of the equity. On liquidation the trust pays out net of taxes and up to $100,000 of dissolution expenses; until then the AERKOMM deal, signed in March 2024, is the only path to a completion.
What changed vs 2025-12-23trust $19.8M → $8.9M -55%trust account, redeemable shares, combination deadline +21 moved · 4 with no prior record of ours
- Trust account
- $19.8M$8.9M
- Redeemable shares
- not previously extracted146K
- Combination deadline
- 2026-10-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $4.0M · unchanged
SpacBrain reads this as $10,919,800 left the trust between the two filings.
The clause “0 Total current assets 573,202 379,475 Non-current assets: Cash held in the Trust Account 8,926,816 8,781,221 Total Assets $ 9,500,018 $ 9,160,696 Liabilities, Class A Ordinary Shares Subject to”…
The clause …“in redemption value of Class A ordinary shares subject to redemption — 145,595 Class A ordinary shares subject to possible redemption — March 31, 2026 701,043 $ 8,926,816 Offering Costs associated with the Initial Public”…
The clause …“from October 12, 2025 on a monthly basis up to twelve (12) times until October 12, 2026 was approved by depositing into the Company’s Trust Account for each one-month extension the lesser of (a) $ 40,000 and (b) $ 0.04 for each”…
The clause …“not occur, and potential subsequent dissolution of the Company raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited”…
The clause “August 12, 2026, respectively. As of March 31, 2026 and December 31, 2025, the outstanding principal under the Third Amended and Restated Extension Promissory Note was $3,955,175. Founder Conversion On May 9, 2023, pursuant to the terms”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
Show the other 10 filings
- What changed vs 2025-04-03trust $19.0M → $8.8M -54%deadline 2025-10-12 → 2026-10-12sponsor loan $3.9M → $4.0M
trust account, combination deadline, sponsor loans outstanding +13 moved · 1 with no prior record of ours
- Trust account
- $19.0M$8.8M
- Combination deadline
- 2025-10-122026-10-12
- Sponsor loans outstanding
- $3.9M$4.0M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $10,200,000 left the trust between the two filings.
The clause …“Account earning interest. As of December 31, 2025, there was approximately $8.8 million in cash held in the Trust Account. Proposed Business Combination The Merger Agreement On March 29, 2024, the Company entered into a Merger”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“from October 12, 2025 on a monthly basis up to twelve (12) times until October 12, 2026 was approved by depositing into the Company’s trust account for each one-month extension the lesser of (a) $ 40,000 and (b) $ 0.04 for each”…
SpacBrain reads this as the sponsor has advanced $98,534 more.
The clause …“March 12, 2026 and April 12, 2026, respectively. As of December 31, 2025, the outstanding principal under the Third Amended and Restated Extension Promissory Note was $3,955,175. Founder Conversion On May 9, 2023, pursuant to the terms”…
The clause …“a business combination not occur, and potential subsequent dissolution raises substantial doubt about our ability to continue as a going concern for a period of time within one year after the date that the consolidated financial”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-06-26trust $19.2M → $19.5M +2%deadline 2025-10-12 → 2026-10-12sponsor loan $4.2M → $4.4M
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $19.2M$19.5M
- Combination deadline
- 2025-10-122026-10-12
- Sponsor loans outstanding
- $4.2M$4.4M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 296Knot matched in this filing
SpacBrain reads this as $299,488 was added to the trust between the two filings.
The clause “77 Total current assets 621,442 44,456 Non-current assets: Cash held in the Trust Account 19,544,573 18,949,539 Total Assets $ 20,166,015 $ 18,993,995 Liabilities, Class A Ordinary Shares Subject”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“from October 12, 2025 on a monthly basis up to twelve (12) times until October 12, 2026 was approved by depositing into the Company’s trust account for each one-month extension the lesser of (a) $40,000 and (b) $0.04 for each”…
SpacBrain reads this as the sponsor has advanced $192,600 more.
The clause “December 12, 2025 and January 12, 2026, respectively. As of June 30, 2025, the outstanding principal under the Third Amended and Restated Extension Promissory Note was $4,435,175. Founder Conversion On May 9, 2023, pursuant to the terms”…
The clause …“not occur, and potential subsequent dissolution of the Company raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the accompanying condensed”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-12-23trust $19.5M → $19.8M +2%sponsor loan $4.4M → $4.0M
trust account, sponsor loans outstanding, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $19.5M$19.8M
- Sponsor loans outstanding
- $4.4M$4.0M
- Combination deadline
- 2026-10-12 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $302,043 was added to the trust between the two filings.
The clause “77 Total current assets 140,216 44,456 Non-current assets: Cash held in the Trust Account 19,846,616 18,949,539 Total Assets $ 19,986,832 $ 18,993,995 Liabilities, Class A Ordinary Shares Subject”…
SpacBrain reads this as $480,000 of sponsor debt has come off.
The clause …“12, 2025 and January 12, 2026, respectively. As of September 30, 2025, the outstanding principal under the Third Amended and Restated Extension Promissory Note was $3,955,175. Founder Conversion On May 9, 2023, pursuant to the terms”…
The clause …“from October 12, 2025 on a monthly basis up to twelve (12) times until October 12, 2026 was approved by depositing into the Company’s trust account for each one-month extension the lesser of (a) $40,000 and (b) $0.04 for each”…
The clause …“not occur, and potential subsequent dissolution of the Company raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the accompanying condensed”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1280 tracked SPACs (24%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
That was the figure at listing. It is $12.93 a share today — interest on the account, plus any sponsor payments made to extend the deadline, spread over the shares that never cashed out. Unit: U = S + W/2 · 100.5% of the $10 unit
from 424B4 0001104659-21-124690
Trading & liquidity
Company profile
Directors & officers
- Barger TeresaDirector
- Choi HenryDirector
- Willner GuyDirector
- Spence IanDirector
- Reid VictoriaVice President
- Marini EduardoDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
10 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- IX Acquisition Sponsor, LLCwith 1 other reporting person on the same schedule13.9% · SC 13GFeb 9, 2022 stale
- LMR Partners LLPwith 4 other reporting persons on the same schedule8.6% · SC 13G/AFeb 12, 2024 stale
- Magnetar Financial LLCwith 3 other reporting persons on the same schedule8.6% · SC 13G/AJan 26, 2024 stale
- Radcliffe Capital Management, L.P.with 7 other reporting persons on the same schedule6.4% · SC 13G/AJun 28, 2024 stale
- SEA OTTER SECURITIES GROUP LLC5.0% · SC 13G/AOct 12, 2021 stale
- Polar Asset Management Partners Inc.3.5% · SC 13G/AFeb 13, 2024 stale
- VR Advisory Services Ltdwith 5 other reporting persons on the same schedule1.5% · SC 13GOct 15, 2021 stale
- MILLENNIUM MANAGEMENT LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 6, 2024 stale
- Beryl Capital Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 13, 2023 stale
- CAAS CAPITAL MANAGEMENT LPwith 2 other reporting persons on the same schedulenot stated · SC 13G/AFeb 13, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- AERKOMM Inc. Closes a Total of $43.56 Million In Funding
PR Newswireundated by the source
- AERKOMM plans to switch listing to major US stock exchange via US listed SPAC - LOI signed
PR Newswireundated by the source
4 social posts mention this ticker — unverified retail chatter, not reporting
- AERKOMM and Nasdaq-listed IX Acquisition Corp. enter definitive Business Combination Agreement — aerkomm.com
- AERKOMM Enters Into Definitive Business Combination Agreement With IX Acquisition Corp. — X
- AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US USD 35 Million... — live.euronext.com
- AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement — rimonlaw.com
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
35 full SEC filing texts archived — searchable, never lost.
- Vault note — IXAQF (IX Acquisition Corp.)
vault-note · /vault/tickers/IXAQF
- Vault deal note — AERKOMM Inc. (IXAQF)
vault-note · /vault/deals/aerkomm-inc
- AERKOMM plans to switch listing to major US stock exchange via US listed SPAC - LOI signed
news · prnewswire.com
- AKOM Stock Price, News & Analysis | Aerkomm
news · stocktitan.net
- AERKOMM — Command the Unmanned
company-site · aerkomm.com
Listed peers
We hold no comparable set for this business — the target is Communication services. Comparables are selected from a dated vendor universe by business description, so an absent list means the description we hold matched nothing, not that no listed company is comparable.
Cash in trust over time
XBRL, per filingHow much cash has stood behind each share at each filing date.
Show the filed values
- 30 June 2026$12.93
- 31 March 2026$12.73
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 4899 (Communications Services, NEC). The screen found it by filing SHAPE instead — S-1 2021-09-16 → 8-A12B 2021-10-05 → 424B4 2021-10-08 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 4899 + self-described blank check in 424B4 0001104659-21-124690; 424B 0001104659-21-124690 priced 2021-10-08 under S-1 0001104659-21-116012 (file 333-259567, an offering for cash); common ticker IXAQF off 8-K 0001104659-25-015769 (2025-02-21); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-259567, which belongs to S-1 0001104659-21-116012 (2021-09-16) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-10-08). [ENDING RETRACTED 2026-08-31 §98 — this vehicle did not end: no Item 2.01 in its complete 8-K history, no Form 15, still filing. The claim below cited a filing describing a FUTURE merger (will/would merge) or a 425 deal communication, neither of which proves a completion.] Former claim, retracted: CLOSED per 8-K 0001104659-26-002235 (2026-01-09) — the Domestication (as defined below) Merger Sub will merge with and into the Company (the " Merger "), after which the Company will be the surviving corporation (the " Surviving Corporation " or " Pubco ") and a wholly-owned subsidiary of Parent. On September 25, 2024, Parent, Merger Sub and the Company entered into an amendment (the " Amendment No . 1 ") to the Merger Agreement to (1) provide th. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
status CLOSED -> DEAL_ANNOUNCED. The ending was recorded without a completed combination on file: no Item 2.01 anywhere in this CIK's 8-K history, no Form 15 ever, and no other registrant files anything naming this vehicle after its Form 25 (Form 25 says "not listed", never "ended"). PROOF: AERKOMM deal live: topco AKOM Inc. (CIK 2103785) filed S-4 2026-01-16 acc 0001104659-26-004251, not yet effective — AKOM’s only filing ever. STILL ALIVE: 10-Q 2026-07-16 acc 0001104659-26-084240, NT 10-Q 2026-08-24; no Form 15 ever; no Item 2.01 ever. Since §98 a wrong ending also STOPS INGEST for the row, so this was costing us the tape as well as the truth. POSTMORTEMS §98.
deal was stamped CLOSED on a vehicle recorded as finished; AERKOMM deal live: topco AKOM Inc. (CIK 2103785) filed S-4 2026-01-16 acc 0001104659-26-004251, not yet effective — AKOM’s only filing ever. §98
deal.status CLOSED -> ANNOUNCED. The AERKOMM combination is live: topco AKOM Inc. (CIK 2103785) filed its S-4 on 2026-01-16, accession 0001104659-26-004251, not yet effective and AKOM’s only filing ever. The SEC order of 2026-01-06 (9999999997-26-000012) declares an earlier REGISTRATION STATEMENT abandoned — it is not a 12(j) revocation and it predates the S-4 by ten days. Same recency trap as AOGO: announced 2024-10-28, stale CLOSED row effective 2026-08-26.