IX Acquisition Corp. (IXAQF)
IX Acquisition Corp. currently has no substantial business operations. Its core strategy involves pursuing a merger, acquisition of shares or assets, or another form of business combination with one or more enterprises. The company specifically targets firms within the technology, media, and telecommunications (TMT) and information and communication technology (ICT) industries. Its investment focus extends to telecommunications infrastructure, internet and technology, and digital services sectors, with a geographical emphasis on Europe and various other international markets. Founded in London, United Kingdom, in 2021, IX Acquisition Corp. functions as a subsidiary of IX Acquisition Sponsor LLC.
Sector: Communications Services, NEC
Industry: Shell Companies
IX Acquisition Corp.
OTC:IXAQFFinancial Services · Shell Companies
Mkt Cap-
Float701K
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$842K
Total Assets$9.16M
Free Cash Flow$596K
Debt & Equity
Total Debt$3.96M
Total Equity-$6.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IXAQF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$9.16M
Liabilities$15.89M
Accounts Receivable$175K
Accounts Payable$413K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $1.04M | $1.44M | $616K |
| Other | $205K | $2.75M | $0 | $0 | $0 |
| Total Operating Expenses | $205K | $2.75M | $1.04M | $1.44M | $616K |
| Operating Income (EBIT) | -$205K | -$2.75M | -$1.04M | -$1.44M | -$616K |
| Operating Margin | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $919 | $2K |
| Other Income (Expense) | -$637K | $474K | $5.06M | $10.73M | $9.95M |
| Income Before Tax (EBT) | -$842K | -$2.27M | $4.02M | $9.29M | $9.34M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$842K | -$2.27M | $4.02M | $9.29M | $9.34M |
| Net Income Margin | - | - | - | - | - |
| Supplementary Data | |||||
| EPS | -0.12 | -0.27 | 0.26 | 0.32 | 0.81 |
| Diluted EPS | -0.12 | -0.27 | 0.26 | 0.32 | 0.81 |
| Weighted Average OS | 1.42M | 2.57M | 15.50M | 28.75M | 11.59M |
| EBITDA | -$205K | -$2.75M | $5.06M | -$1.44M | $10.08M |
| EBITDA Margin | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $179K | $4K | $24K | $70K | $612K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $179K | $4K | $24K | $70K | $612K |
| Accounts Receivable | $175K | $14K | $0 | $0 | $3K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $234K | $0 |
| Total Current Assets | $379K | $44K | $54K | $304K | $900K |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $31.44M | $234.36M | $231.15M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8.78M | $18.95M | $0 | $0 | $201K |
| Total Long-Term Assets | $8.78M | $18.95M | $31.44M | $234.36M | $231.35M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $9.16M | $18.99M | $31.49M | $234.67M | $232.25M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $413K | $421K | $0 | $32K | $16K |
| Short-Term Debt | $3.96M | $3.86M | $1.89M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $7.04M | $6.48M | $3.15M | $1.02M | $397K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $8.85M | $7.17M | $6.42M | $12.47M | $19.99M |
| Total Long-Term Liabilities | $8.85M | $7.17M | $6.42M | $12.47M | $19.99M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $15.89M | $13.65M | $9.57M | $13.5M | $20.39M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8.78M | $18.95M | $31.44M | $234.37M | $231.15M |
| Retained Earnings | -$15.51M | -$13.61M | -$11.28M | -$13.19M | -$19.27M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$20K |
| Other Stockholders' Equity | $0 | $0 | $1.77M | $0 | -$20K |
| Total Equity | -$6.73M | $5.34M | $21.93M | $221.17M | $211.87M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.16M | $18.99M | $31.49M | $234.67M | $232.25M |
| Supplementary Data | |||||
| Total Debt | $3.96M | $3.86M | $1.89M | $0 | $0 |
| Net Debt | $3.78M | $3.85M | $1.87M | -$70K | -$612K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$842K | -$2.27M | $4.02M | $9.29M | $9.34M |
| Depreciation & Amortization | $0 | $0 | $1.04M | $0 | $739K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $340K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$8K | $421K | -$32K | $17K | $16K |
| Other Working Capital | $469K | $936K | $470K | $867K | -$110K |
| Total Working Capital Change | $801K | $1.36M | $438K | $883K | -$95K |
| Other Non-Cash Items | $637K | -$474K | -$6.11M | -$10.73M | -$10.69M |
| Net Cash from Operating | $596K | -$1.39M | -$606K | -$559K | -$710K |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$231.15M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $10.71M | $13.71M | $207.65M | $0 | -$277.38M |
| Net Cash from Investing | $10.71M | $13.71M | $207.65M | $0 | -$231.15M |
| Financing Activities | |||||
| Debt Repaid | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $233.12M |
| Common Stock Repurchases | $0 | -$14.31M | -$208.98M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$11.13M | $0 | $0 | $17K | -$650K |
| Net Cash from Financing | -$11.13M | -$12.34M | -$207.09M | $17K | $232.47M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $175K | -$21K | -$46K | -$541K | $612K |
| Supplementary Data | |||||
| Operating Cash Flow | $596K | -$1.39M | -$606K | -$559K | -$710K |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $596K | -$1.39M | -$606K | -$559K | -$710K |
| Cash at Beginning | $4K | $24K | $70K | $612K | $0 |
| Cash at End | $179K | $4K | $24K | $70K | $612K |