TMT and ICT SPAC IX Acquisition prices $200 million IPO

IX Acquisition, a blank check company targeting the TMT and ICT industries in Europe and emerging markets, raised $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 had indicated on 115% of units in the offering.

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 plans to list on the Nasdaq under the symbol IXAQU. Cantor Fitzgerald acted as sole bookrunner on the deal.