IX Acquisition Corp. Announces $13M in SAFE Financings Ahead of Merger

What Happened
IX Acquisition Corp. (the “Parent”) filed an 8-K reporting that, under a March 29, 2024 Merger Agreement with AERKOMM Inc., the target was required to enter into simple agreements for future equity (SAFE) totaling at least $15.0 million. As of this filing (Aug 31, 2026), SAFE agreements aggregating $13,000,000 have been entered into, including two new SAFEs dated July 20, 2026 and August 6, 2026. The SAFEs automatically convert upon closing of the merger at $11.50 per share of Parent common stock.

Key Details

• The Merger Agreement initially signed March 29, 2024 required a minimum aggregate SAFE investment of $15,000,000.
• Prior SAFEs (Aug 12, 2024; Dec 4, 2024; Jun 9, 2025; Jul 23, 2025; Sep 5, 2025; Oct 23, 2025) totaled $8,997,200; new SAFEs (Jul 20, 2026 and Aug 6, 2026) bring the aggregate to $13,000,000.
• Conversion mechanics: SAFEs convert at $11.50 per share; conversion equals 1,130,435 shares plus an additional 94% of that number (1,062,609 shares) to be held in escrow and subject to the Merger Agreement’s milestone-based Incentive Merger Consideration.
• The current SAFE total ($13.0M) remains $2.0M short of the $15.0M minimum specified in the Merger Agreement.

Why It Matters
This disclosure shows progress toward the financing required by the merger transaction and specifies how investor funds will convert into Parent stock if the merger closes. Retail investors should note the conversion price ($11.50/share), the planned escrowed incentive shares tied to milestones, and that the SAFEs fall short of the $15M target stated in the Merger Agreement — a potentially material condition for the transaction’s financing and closing.