SatixFy Completes Business Combination with Endurance Acquisition Corp.
SatixFy Communications Ltd. (SatixFy), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has completed its previously-announced business combination with Endurance Acquisition Corp. ("Endurance") following the approval of the business combination by Endurances stockholders on October 25, 2022 and satisfaction of customary closing conditions.
- SatixFy Communications Ltd. (SatixFy), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has completed its previously-announced business combination with Endurance Acquisition Corp. ("Endurance") following the approval of the business combination by Endurances stockholders on October 25, 2022 and satisfaction of customary closing conditions.
- Following the business combination, David Ripstein will continue in his role as SatixFys CEO, Yoav Leibovitch will serve as Executive Chairman, and Endurances CEO Richard Davis will join SatixFys Board of Directors.
- We are confident that this will drive growth for SatixFy, and create significant value and transparency for our existing and new customers.
- However, while SatixFy may elect to update these forward-looking statements at some point in the future, SatixFy specifically disclaims any obligation to do so.