IX Acquisition says SAFE private placement totals USD 13 million, converts at USD 11.5 per share on merger close

Reuters2026/08/31 20:08

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IX Acquisition entered new SAFE Agreements on July 20, 2026 and Aug. 6, 2026 tied to a private placement in common stock.
Total SAFE Agreements reached USD 13 million, up from USD 9 million previously raised under earlier SAFEs.
SAFEs convert at the merger closing at USD 11.5 per Parent common share, implying issuance of 1,130,435 shares.
Conversion also provides 1,062,609 escrowed shares tied to milestone events under incentive merger consideration.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IX Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-103875), on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IX Acquisition says SAFE private placement totals USD 13 million, converts at USD 11.5 per share on merger close

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