ISU SSP 2023 Banner

SatixFy goes public after merger with Endurance Acquisition

Screenshot from SatixFy’s website. Credit: SatixFy

Edinburgh, 1 November 2022. – Next-generation satellite communication systems provider SatixFy Communications, has gone public by completing its business merger with Endurance Acquisition following stockholder approval and the satisfaction of customary closing conditions, SatixFy said.

Prior to the business combination, Endurance and SatixFy entered into an OTC (over-the-counter) Prepaid Forward Purchase Agreement. The latter calls for purchase and resale of up to 10 million class A shares, which SatixFy has agreed to. Following the merger, David Ripstein will continue to be SatixFy’s CEO, while Endurance’s CEO Richard Davis will join SatixFy’s Board of Directors.

Cantor Fitzgerald acted as Endurance’s capital markets advisor during the transaction having DLA Piper LLP as its legal counsel. Davis Polk & Wardwell LLP and Gross & Co served as SatixFy’s, while Morrison & Foerster LLP and Meitar Liquornik Geva Leshem Tal served as Endurance’s legal counsel.

Check Also

Deimos, Phobos and the Moon are three targets of the space mining industry. Image Credit: NASA/JPL-Caltech/Malin Space Science Systems/Texas A&M Univ.

#SpaceWatchGL Opinion: Space Resources Week 2023 – A Review – Part 1

The 2023 edition of Space Resources Week (SRW) took place on 19-21 April at Luxexpo The Box and online.