UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Information Required in Proxy Statement
Schedule 14A Information
Proxy Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934
Filed by the Registrant x
Filed by a Party other than the Registrant ¨
Check the appropriate box:
| ¨ | Preliminary Proxy Statement |
| ¨ | Confidential, for Use of the
Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ¨ | Definitive Proxy Statement |
| x | Definitive Additional Materials |
| ¨ | Soliciting Material Pursuant to
§240.14a-12 |
IX Acquisition Corp.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ¨ | Fee paid previously with preliminary
materials. |
| ¨ | Fee computed on table in exhibit
required by Item 25(b) per Exchange Act Rules 14a6(i)(l) and 0-11. |
IX Acquisition
Corp. Files Definitive Proxy Statement for Shareholder Meeting Seeking Extension
London, United Kingdom,
March 23, 2023 -- IX Acquisition Corp. (NASDAQ: IXAQ) (the "Company"), a blank check company incorporated as a Cayman Islands
exempted company, today announced that it filed a definitive proxy statement with the SEC to seek shareholder approval to, among other
proposals, (1) extend the period of time the Company will have to consummate its initial business combination by up to 12 months from
the current deadline of April 12, 2023 until April 12, 2024 (the "Extension") as a series of twelve one-month
extensions. For each month of Extension, IX Acquisition Sponsor LLC, the Company’s sponsor will deposit additional funds into the
trust account in an amount equal to the lesser of (x) $160,000 or (y) $0.04 per public share multiplied by the number of public
shares outstanding. If all 12 one-month Extensions are approved, the Sponsor will have overfunded the trust by $1,920,000. The contributions
will be placed in the Company’s trust account with JPMorgan Securities and expected to be invested in U.S. government securities.
In order to mitigate the risk of being viewed as operating an unregistered investment company, the Company will, on or prior to the 24-month
anniversary of the effective date of the registration statement relating to its initial public offering, hold all funds in the trust account
in an interest-bearing demand deposit account, which is currently expected to earn approximately 3.5% interest.
Because the Company is domiciled in the Cayman
Islands, any redemption of its ordinary shares would not be subject to the Excise Tax established by the Inflation Reduction Act of 2022.
If the Company were to become subject to the Excise Tax in the future, whether in connection with the consummation of a business combination
with a U.S. company (including if the Company were to redomicile as a U.S. corporation in connection therewith) or otherwise, whether
and to what extent the Company would be subject to the Excise Tax on a redemption of its ordinary shares would depend on a number of factors.
If the Company were to become a covered corporation in the future, the per-share redemption amount payable from the Trust Account (including
any interest earned on the funds held in the Trust Account) to our public stockholders in connection with a redemption of our stock
is not expected to be reduced by any Excise Tax imposed on us.
The extraordinary general
meeting will be held in person at 11:00 a.m. Eastern Time on April 10, 2023 at the offices of White & Case LLP, located at 1221
Avenue of the Americas, New York, New York 10020. The Company encourages its shareholders to vote in favor of the Extension
and each other proposal described in the definitive proxy statement.
The Company’s shareholders
of record at the close of business on the record date, March 13, 2023, are entitled to vote the ordinary shares owned by them at the extraordinary
general meeting. Every shareholder’s vote is very important, regardless of the number of shares held, and the Company requests the
prompt submission of votes.
Shareholders
may vote online at https://www.cstproxy.com/ixacq/2023 by following the instructions on their provided proxy card. If the
shares are held in an account at a brokerage firm or bank, shareholders must instruct their respective broker or bank how to vote the
shares, or the shareholders may cast their vote online at www.cstproxyvote.com by obtaining a proxy from the respective brokerage firm
or bank.
About IX Acquisition Corp.
IX Acquisition Corp. is a blank check company formed for the purpose
of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with
one or more businesses. For more information, please visit https://www.ixacq.com.
Additional Information
and Where to Find It
The Company urges investors, shareholders and
other interested persons to read the definitive proxy statement dated March 22, 2023 (the “Extension Proxy Statement”), as
well as other documents filed by the Company with the SEC, because these documents contain important information about the Company and
the Extension. The Extension Proxy Statement is being mailed to shareholders of the Company as of a record date of March 13, 2023, on
or about March 22, 2023. Shareholders may obtain copies of the Extension Proxy Statement, without charge, at the SEC’s website
at www.sec.gov or by directing a request to: https://www.ixacq.com.
Participants in Solicitation
The Company and its directors,
executive officers and other members of their management may be deemed to be participants in the solicitation of proxies of the Company’s
shareholders in connection with the proposals described therein. Investors and security holders may obtain more detailed information regarding
the names, affiliations and interests of the Company’s directors and officers in the Extension Proxy Statement, which may be obtained
free of charge from the sources indicated above.
Non-Solicitation
This press release is
not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Extension
and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale
of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward Looking Statements
This press release includes
forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts.
Such forward-looking statements are subject to risks and uncertainties, to which could cause actual results to differ from the forward-looking
statements. These forward-looking statements and factors that may cause such differences include, without limitation, uncertainties relating
the Company’s shareholder approval of the Extension, the Company’s inability to complete an initial business combination within
the required time period, and other risks and uncertainties indicated from time to time in filings with the SEC, including the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2021 under the heading “Risk Factors,” the Extension Proxy
Statement under the heading “Risk Factors” and other documents the Company has filed, or to be filed, with the SEC. Readers
are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly
disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein
to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contacts
For investor and media inquiries:
contact@ixacq.com
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