IX Acquisition registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of one redeemable warrant.
The new SPAC plans to focus on companies in the TMT and ICT industries, specifically the telecommunications infrastructure, internet and technology and digital services sectors operating in Europe and emerging markets, which may include a business based in the U.S.
IX Acquisition is led by Executive Chairman Guy Willner, the co-founder, chairman and former CEO of IXcellerate, a datacenter operator in Russia providing co-location and peering services for financial institutions, multinational corporations, international carriers, hyperscale operators and major content operators.
Cantor is sole book-runner on the deal. Odeon is lead manager. The underwriters have an over-allotment option to purchase up to 3 million additional units.
The SPAC intends to apply for a listing on the Nasdaq under IXAQU. Read more.
