AERKOMM and Nasdaq-listed IX Acquisition Corp. announce merger agreement and US $35 million private placement.

AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM) and IX Acquisition Corp (Nasdaq: IXAQU) have entered a definitive Business Combination Agreement. The combined company will operate as AKOM Inc. and, upon closing, transfer AERKOMM’s listing from Euronext/OTCQX to Nasdaq under the ticker “AKOM,” with the intent to retain a secondary Euronext listing.

Deal terms

• Adjusted enterprise value: US $200 million.
• Earnout: Up to US $200 million of additional shares to AERKOMM shareholders subject to performance milestones.
• PIPE: A concurrent US $35 million private placement supports the transaction.
• Rollover: Existing AERKOMM shareholders are anticipated to roll 100% of their equity and to own approximately two-thirds of the pro-forma company, subject to final PIPE capital and cash retained in the IXAQ trust.
• Timing: Completion was targeted for Q3 2024, subject to SEC review, shareholder approvals, and customary closing conditions.

Why this listing move

Moving to Nasdaq gives AKOM Inc. deeper access to U.S. institutional capital and the analyst coverage that comes with a major U.S. exchange — historically a step change for satellite-tech and defense-tech issuers relative to Euronext/OTCQX alone. The transaction structure is designed to preserve continuity for existing shareholders while broadening the pool of investors who can hold the combined entity.