IX Acquisition Corp. moved from a $516,153 loss to $919,774 of Net Income for the three months ended June 30, with Earnings Per Share at $0.14. The result matters to investors because the company says it has no Operating Revenue before completing its Business combination, leaving trust income and Warrant valuation central to reported earnings.

Key Highlights

  • Basic and Diluted Earnings per Share reached $0.14 for both redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares.
  • Total liabilities stood at $13,475,659, including $6,050,000 in deferred Underwriting fee payable.
  • Cash held in the Trust Account was $9,066,245 at June 30, 2026, compared with $8,781,221 at December 31, 2025.

IX Acquisition Corp. (OTC: IXAQF) reported net income of $919,774 for the three months ended June 30, 2026, compared with a net loss of $516,153 in the comparable 2025 period. Basic and diluted net income per share was $0.14 for both redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares. The company says it will not generate operating revenue until its initial business combination closes, at the earliest.

Quarterly Profit Replaces Loss

The six-month period also moved into profit, with net income of $2,881,657 compared with a net loss of $274,028 for the corresponding period. For the quarter, operating and formation activity produced income of $304,970, compared with an operating and formation expense of $74,707 in the comparable 2025 period. The statement also recorded a $150,000 benefit from Credit loss in the comparable 2025 quarter, while the 2026 quarter showed zero for that line. Total other income, net, was $614,804, compared with a net other expense of $441,446.

Warrant Valuation Information

The company’s private Placement warrants had a Fair Value of $143,000 at June 30, 2026. The fair value was $357,500 at March 31, 2026, after a change of -$214,500 during the quarter. The valuation table lists a stock price of $12.06 and an exercise price of $11.50 at June 30, 2026. The probability of a business combination was 0.00%. The filing identifies one operating segment, with net income used in performance assessment and total Assets used as the segment asset measure. Accounts Receivable related to a target delay charge were recorded at $4,032,958 at June 30, 2026, with a full allowance for credit loss of the same amount. The comparable 2025 figures were $1,866,583 for the receivable and $1,866,583 for the allowance.

Trust Account And Liabilities

Cash was $104,349 at June 30, 2026, compared with $178,975 at December 31, 2025. Total assets reached $9,630,680, compared with $9,160,696 at December 31, 2025. Current liabilities were $7,052,659, including Accounts Payable of $433,668, accrued expenses of $2,813,816 and a related-party Promissory Note of $3,805,175. Non-current liabilities totaled $6,423,000. Total liabilities were $13,475,659, compared with $15,887,332 at December 31, 2025. The comparable per-share amount at December 31, 2025 was approximately $12.53.

Business Combination Information

The company states that its activity through June 30, 2026 involved formation, preparation for its initial public offering, searching for an initial business combination target and work on the proposed combination with AERKOMM. The company says funding for the proposed transaction may include cash from the Initial Public Offering and private placement, proceeds from securities issued in connection with the combination, Equity issued to AERKOMM owners, Debt or a combination of those sources. It also says operating revenue will not begin until the combination is completed, at the earliest. The company made deposits into the Trust Account on Jul 1, Jul 14 and Aug 31, 2026.