SCHEDULE 13G: Meteora Capital and Vik Mittal Disclose 5.13% Stake in IX Acquisition Corp.

Meteora Capital, LLC and its Managing Member, Vik Mittal, have disclosed a beneficial ownership of 5.13% of IX Acquisition Corp.'s Class A Ordinary Shares as of December 31, 2024.

Summary

• Meteora Capital, LLC and Vik Mittal reported beneficial ownership of 287,940 Class A Ordinary Shares of IX Acquisition Corp.
• This ownership represents 5.13% of the Class A Ordinary Shares outstanding.
• The shares are held by certain funds and managed accounts for which Meteora Capital serves as investment manager.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The event date requiring this filing was December 31, 2024, with the filing submitted on February 14, 2025.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or forward-looking statements from the issuer.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a standard regulatory disclosure indicating a significant ownership stake by an investment firm in a publicly traded company. It reflects an investment decision by Meteora Capital, LLC, rather than a broader industry trend or competitive analysis.

Stakeholder Impact

• Shareholders: The disclosure of a significant 5.13% stake by an institutional investor like Meteora Capital may be viewed positively by other shareholders, potentially signaling confidence in IX Acquisition Corp.

Key Dates

Keywords

IX Acquisition Corp., Meteora Capital, Vik Mittal, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Investment Management, SEC Filing, Equity Stake