IX Acquisition Corp. announced a private placement to issue convertible promissory note for the gross proceeds of $3,500,000 on April 18, 2024. The transaction included participation from returning investor IX Acquisition Sponsor LLC.

The Note bears no interest and is due and payable upon the earlier to occur of the date on which the Company consummates its initial business combination and the date of the liquidation of the Company. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.