IX Acquisition Corp. Confirms Shell Company Status in 2025 Annual Report; Non-Affiliated Share Market Value at $19M
IX Acquisition Corp. (IXAQF) filed its annual report for the fiscal year ended December 31, 2025, confirming its status as a shell company. This designation indicates the company's primary purpose is to facilitate a business combination or acquisition. As of June 30, 2025, the aggregate market value of its voting ordinary shares held by non-affiliated shareholders was approximately $19 million. The filing also detailed the company's share structure, with 4,703,164 Class A and 1,747,879 Class B ordinary shares outstanding as of April 9, 2026. This report provides investors with an update on the company's regulatory compliance and its ongoing structure as it continues its search for a suitable merger target.
Key Highlights
- IX Acquisition Corp. confirmed its status as a shell company for the fiscal year ended December 31, 2025.
- The aggregate market value of voting ordinary shares held by non-affiliated shareholders was approximately $19 million as of June 30, 2025.
- As of April 9, 2026, the company had 4,703,164 Class A ordinary shares and 1,747,879 Class B ordinary shares outstanding, each with a $0.0001 par value.
- The company is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company.
Price Impact
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