4//SEC Filing
IX Acquisition Sponsor, LLC 4
Accession 0001104659-23-059208
CIK 0001852019other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 4:59 PM ET
Size
11.1 KB
Accession
0001104659-23-059208
Insider Transaction Report
Form 4
IX Acquisition Sponsor, LLC
10% Owner
Transactions
- Conversion
Class A Ordinary Shares
2023-05-09−4,002,121→ 4,002,121 total - Other
Class B Ordinary Shares
2021-10-12−1,747,879→ 4,002,121 total→ Class A Ordinary Shares (1,747,879 underlying) - Conversion
Class B Ordinary Shares
2023-05-09−4,002,121→ 0 total→ Class A Ordinary Shares (4,002,121 underlying)
Footnotes (4)
- [F1]The Class B ordinary shares, par value $0.0001 per share ("Class B Shares"), of IX Acquisition Corp. ("Issuer") are convertible for the Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no consideration, and have no expiration date.
- [F2]On October 12, 2021, in connection with the Issuer's initial public offering, Sponsor transferred an aggregate of 1,747,879 Class B Shares to certain anchor investors who purchased units in the Issuer's initial public offering. Such Class B Shares were transferred at the same per share price initially paid by Sponsor for such shares.
- [F3]In accordance with the Issuer's amended and restated memorandum and articles of association, as amended, Sponsor elected to convert its Class B Shares into Class A Shares on a one-for-one basis for no consideration.
- [F4]The securities are held directly by Sponsor. Sponsor is controlled by its manager, IX Acquisition Sponsor Manager, LLC ("Sponsor Manager"). Voting and investment decisions with respect to the securities held by Sponsor have been delegated to the three officers of Sponsor Manager, Noah Aptekar, Karen Bach and Edward Tsun-Wei Chen, and decisions of the officers are made by majority consent. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the officers of Sponsor Manager, none of the officers of Sponsor Manager is deemed to be a beneficial owner of the securities reported herein.
Documents
Issuer
IX Acquisition Corp.
CIK 0001852019
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001851994
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 4:59 PM ET
- Size
- 11.1 KB