IX Acquisition Corp. Closes US$230M IPO

Winston & Strawn LLP represented IX Acquisition Corp. (the “Company”) in connection with its IPO of 23,000,000 units, including 3,000,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of US$10.00 per unit. The units are listed on The Nasdaq Stock Market LLC (“Nasdaq”) and began trading under the ticker symbol “IXAQU” on October 7, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share of the Company at a price of US$11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “IXAQ” and “IXAQW,” respectively. IX Acquisition Corp., led by CEO Karen Bach, CFO Noah Aptekar, and Executive Chairman Guy Willner, is a blank check company with a business purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination with a company in any sector or geography, the Company intends to focus its search on companies in the technology, media, and telecommunications and information and communication technology industries, specifically the telecommunications infrastructure, internet and technology, and digital services sectors operating in Europe and emerging markets. Cantor Fitzgerald & Co. acted as the sole bookrunner, and Odeon Capital Group, LLC acted as the lead manager for the offering.