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Upturn AI SWOT - About
IX Acquisition Corp. (IXQWF)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
06/16/2025: IXQWF (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -61.11% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/16/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -0.03 | 52 Weeks Range 0.00 - 0.09 | Updated Date 06/28/2025 |
52 Weeks Range 0.00 - 0.09 | Updated Date 06/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -3.91% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 1610376 |
Shares Outstanding - | Shares Floating 1610376 | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
IX Acquisition Corp.
Company Overview
History and Background
IX Acquisition Corp. was a blank check company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It was founded in 2020.
Core Business Areas
Leadership and Structure
The leadership team consisted of executives with experience in investment banking, private equity, and the TMT sector. The company had a board of directors responsible for overseeing the company's strategy and operations.
Top Products and Market Share
Key Offerings
Market Dynamics
Industry Overview
The SPAC market experienced significant growth in 2020 and 2021, but cooled off in 2022 and 2023 due to regulatory changes and market volatility.
Positioning
IX Acquisition Corp. positioned itself to capitalize on the growing demand for alternative investment strategies. As a SPAC, its competitive advantage was its management team's expertise and network.
Total Addressable Market (TAM)
The TAM for SPACs depends on the number of private companies seeking to go public. IX Acquisition Corp. would target private companies within the multi-billion dollar TMT sector. However, SPACs represent an alternative rather than distinct sector.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Access to Capital
- Flexibility in Target Selection
Weaknesses
- Reliance on Target Company Performance
- Potential for Conflicts of Interest
- Market Volatility Impact
Opportunities
- Growing Demand for Alternative Investment Strategies
- Disruptive Innovation in the TMT Sector
- Favorable Regulatory Environment (until 2022 slowdown)
Threats
- Increased Competition from Other SPACs
- Regulatory Changes Affecting SPACs
- Market Volatility Impacting Deal Valuations
Competitors and Market Share
Key Competitors
- Similar SPACs active during the same period (no specific ticker symbols listed as they were numerous)
Competitive Landscape
As a SPAC, IX Acquisition Corp. competed with other SPACs to attract attractive target companies. Its success depended on its management team's reputation, deal terms, and market conditions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is not applicable prior to the merger.
Future Projections: Future projections are dependent on the performance of the merged company.
Recent Initiatives: IX Acquisition Corp. completed a merger with Nuvve Holding Corp. on March 19, 2021 (NASDAQ: NVVE). Nuvve is a charging solutions company that works to lower the cost of EV ownership and accelerate the mass adoption of electric vehicles.
Summary
IX Acquisition Corp. was a special purpose acquisition company that successfully merged with Nuvve Holding Corp., taking it public. Prior to the merger, its financials were minimal as it focused on finding a suitable target. The SPAC market has become increasingly competitive, and the future success of the combined company depended on Nuvve's performance in the EV charging solutions market. Changes in regulation and market volatility present additional challenges.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Press Releases
- Financial News Sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. The information is accurate to the best of our knowledge, but may be subject to change.
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.
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-11-30 | CEO, CFO, COO & Director Mr. Noah Aptekar | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://www.ixacq.com |
Full time employees - | Website https://www.ixacq.com | ||
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 technology, media and telecommunications, and information and communication technology industries, as well as companies operating in telecommunications infrastructure, internet and technology, and digital services sectors in Europe and other markets. The company was incorporated in 2021 and is based in London, United Kingdom. IX Acquisition Corp. is a subsidiary of IX Acquisition Sponsor LLC.
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