IX Acquisition Corp. reported first-quarter 2026 results with materially higher net income and earnings per share versus the year-ago quarter as the company progressed toward an initial business combination with AERKOMM and supporting financing arrangements.
Financial Highlights
- Net income was $1.96M for Q1 2026, versus $242,125 in Q1 2025.
- Diluted earnings per share was $0.30 for Q1 2026, versus $0.03 in Q1 2025.
Business Highlights
- Merger progress: Entered and amended a Merger Agreement with AERKOMM and advanced toward required approvals for the initial business combination.
- Capital raising: Secured PIPE commitments and executed multiple SAFE agreements totaling approximately $9.0M to fund post-merger operations and conversion into equity.
- Trust account: Maintains roughly $8.9M in its trust account to support the business combination and future target operations.
- Operational support & extensions: Received recurring working capital support from AERKOMM and sponsor extension contributions to extend the combination period into 2026.
- Listing & market access: Transitioned from Nasdaq to OTC following delisting actions while pursuing de-SPAC listing requirements for the combined company.
Original SEC Filing:
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