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IX Acquisition Corp. Warrant (IXAQW)
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Upturn Advisory Summary
10/14/2024: IXAQW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -100% | Upturn Advisory Performance 1 | Avg. Invested days: 24 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/14/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -100% | Avg. Invested days: 24 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/14/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 10058 | Beta -0.03 |
52 Weeks Range 0.02 - 0.10 | Updated Date 11/13/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 10058 | Beta -0.03 |
52 Weeks Range 0.02 - 0.10 | Updated Date 11/13/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -3.28% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding - | Shares Floating 2846073 |
Percent Insiders - | Percent Institutions - |
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 2846073 |
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
IX Acquisition Corp. Warrant: A Comprehensive Overview
Company Profile
History and Background:
IX Acquisition Corp. (IXAC) is a blank check company formed in June 2021. As a special purpose acquisition company (SPAC), IXAC's primary purpose is to merge with an existing private company, taking it public through the reverse merger process. IXAC is led by Chairman and CEO Jeffrey Soffer, a prominent Miami-based real estate developer.
Core Business:
IXAC is not actively engaged in any specific business operations. Its primary function is to identify and acquire a target company within a specified time frame, typically two years. The company's focus is on North American companies with strong growth potential in various sectors, including technology, consumer, healthcare, and industrials.
Leadership Team:
- Chairman and CEO: Jeffrey Soffer
- President: Scott Sandelin
- CFO: Jonathan M. Kramer
- COO: Michael J. Fascitelli
Corporate Structure:
IXAC operates as a Delaware corporation with its headquarters in Miami, Florida. The company has a board of directors consisting of experienced professionals from various industries.
Top Products and Market Share:
As a SPAC, IXAC does not currently have any products or services of its own. Its market share is not applicable at this stage.
Total Addressable Market:
IXAC's total addressable market (TAM) is dependent on the specific target company it chooses to acquire. Until a definitive merger agreement is announced, it is impossible to accurately quantify the company's potential market size.
Financial Performance:
IXAC's financial performance is limited as it has not yet generated any operating revenue. Its financials primarily reflect expenses associated with administrative and legal activities.
Dividends and Shareholder Returns:
IXAC does not currently pay dividends to shareholders as it is a pre-revenue company. Shareholder returns, in the form of appreciation, are contingent upon the future performance of the target company that IXAC eventually merges with.
Growth Trajectory:
IXAC's growth trajectory is entirely dependent on the success of the potential acquisition. Until a specific target is identified and the merger process is completed, it is not possible to accurately assess the company's future growth potential.
Market Dynamics:
The SPAC industry has experienced significant growth in recent years. However, market dynamics are constantly evolving, influenced by factors such as market sentiment, regulatory changes, and competition.
Competitors:
IXAC competes with numerous other SPACs vying for acquisition opportunities. Key competitors include:
- GGPI: Gores Guggenheim, Inc. (GGPI)
- PSTH: Pershing Square Tontine Holdings, Ltd. (PSTH)
- LCA: Landcadia Holdings I, Inc. (LCA)
Market share percentages and detailed comparisons are not applicable at this stage.
Potential Challenges and Opportunities:
Challenges:
- Identifying and acquiring a suitable target company
- Successfully integrating the acquired company
- Navigating the evolving regulatory landscape for SPACs
Opportunities:
- Accessing high-growth target companies with strong long-term potential
- Leveraging public market capital to fund acquisitions and growth initiatives
Recent Acquisitions:
IXAC has not completed any acquisitions to date.
AI-Based Fundamental Rating:
Due to the lack of financial and operational data, generating an AI-based fundamental rating for IXAC is currently not feasible.
Sources and Disclaimers:
Information for this analysis has been gathered from the IX Acquisition Corp. website and publicly available financial filings. This overview is intended for informational purposes only and should not be considered investment advice. It is crucial to conduct thorough due diligence and consult with financial professionals before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IX Acquisition Corp. Warrant
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 2021-11-30 | CEO, CFO, COO & Director | Mr. Noah Aptekar |
Sector | Financial Services | Website | https://www.ixacq.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | - | ||
CEO, CFO, COO & Director | Mr. Noah Aptekar | ||
Website | https://www.ixacq.com | ||
Website | https://www.ixacq.com | ||
Full time employees | - |
IX Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on companies in the technology, media and telecommunications, and information and communication technology industries. The company was incorporated in 2021 and is based in London, United Kingdom.
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