IX Acquisition Sponsor, LLC - Oct 12, 2021 Form 4 Insider Report for IX Acquisition Corp. (IXAQ)

Role
10%+ Owner
Signature
/s/ Noah Aptekar, Officer of IX Acquisition Sponsor Manager, LLC, Manager of IX Acquisition Sponsor, LLC
Stock symbol
IXAQ
Transactions as of
Oct 12, 2021
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 04:59 PM
Previous filing
Oct 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IXAQ Class A Ordinary Shares Conversion of derivative security -4M -50% 4M May 9, 2023 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IXAQ Class B Ordinary Shares Other $0 -1.75M -30.4% $0.00 4M Oct 12, 2021 Class A Ordinary Shares 1.75M Direct F1, F2, F4
transaction IXAQ Class B Ordinary Shares Conversion of derivative security $0 -4M -100% $0.00* 0 May 9, 2023 Class A Ordinary Shares 4M Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.