IX Acquisition, a blank check company targeting the TMT and ICT industries in Europe and emerging markets, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The London, United Kingdom-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Certain anchor investors have indicated an interest in purchasing an aggregate 109% of units in the offering. At the proposed deal size, IX Acquisition would command a market value of $250 million.
The company is led by Executive Chairman Guy Willner, the co-founder and Chairman of datacenter operators IXcellerate and IXAfrica, and the founder and former CEO of IXEurope. He is joined by CEO and Director Karen Bach, whose previous roles include serving as CFO of IXEurope, EDS France, and General Motors, and CFO, COO, and Director Noah Aptekar, who is Principal of Next Century Innovations and previously served as the Project Lead for the SpaceX's Starlink User Terminal.
The company plans to target the technology, media, and telecommunications (TMT) and information and communication technology (ICT) industries, specifically the telecommunications infrastructure, internet and technology, and digital services sectors in Europe and emerging markets.
IX Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol IXAQU. The company filed confidentially on April 8, 2021. Cantor Fitzgerald is the sole bookrunner on the deal.
