Endurance Acquisition Corp Shares Halted, News Pending
$EDNC
Endurance Acquisition Corp Shares Halted, News Pending
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First Day of Trading on NYSE Expected to be October 28th under the Symbols SATX and SATX WSA 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 Endurance's stockholders on October 25, 2022 and satisfaction of customary closing conditions. In addition, on October 24, 2022, Endurance and SatixFy entered into a previously disclosed OTC Prepaid Forward Purchase Agreement that calls for purchase and resale of up to 10 million
On June 28, 2022, SatixFy, supported by the UK Space Agency ("UKSA") and the European Space Agency ("ESA"), using the OneWeb constellation, successfully demonstrated a high-speed low-latency 5G-enabled link with a LEO satellite via its fully electronically steered multi-beam multi-orbit antenna terminal SpaceX / T-Mobile, Thales / Ericsson /Qualcomm, and Huawei are among key companies announcing direct-to-cell satellite enabled 5G services in recent weeks We believe SatixFy's proprietary chip technology is well-suited to adaptation to the expected requirements of 5G telecommunications satellites SatixFy Communications Ltd. ("SatixFy"), a leader in next-generation satellite communicat
Significant milestone achieved by SatixFy supported by the UK Space Agency (UKSA) and the European Space Agency (ESA) using the OneWeb constellation, to successfully demonstrate a high-speed low-latency 5G-enabled link with a LEO satellite The demonstration was enabled by SatixFy's compact fully electronically steered multi-beam multi-orbit antenna terminal The SatixFy terminal also demonstrated simultaneous multi-orbit communications with a LEO and GEO satellite using its multi-beam multi satellites capability The demonstration validates the integration of space and ground networks using 5G links 5G is a potential large incremental market opportunity for SatixFy technology in the
3 - Endurance Acquisition Corp. (0001864891) (Issuer)
4 - Endurance Acquisition Corp. (0001864891) (Issuer)
4 - Endurance Acquisition Corp. (0001864891) (Issuer)
SC 13G/A - Endurance Acquisition Corp. (0001864891) (Subject)
SC 13G/A - Endurance Acquisition Corp. (0001864891) (Subject)
SC 13G/A - Endurance Acquisition Corp. (0001864891) (Subject)
SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain SatixFy customers include a list of significant players in the satellite telecom industry, such as Telesat, OneWeb, Airbus and others. This transaction along with a recently completed capital raise will result in up to $350 million in gross proceeds assuming no trust redemptions, including a $29 million PIPE with participation from key institutional investors including Sensegain Group and Antarctica Capital, and a Committed Equity Facility of up to $75 million from CF Principal Investments LLC, an affiliate of Can
15-12G - Endurance Acquisition Corp. (0001864891) (Filer)
8-K - Endurance Acquisition Corp. (0001864891) (Filer)
25-NSE - Endurance Acquisition Corp. (0001864891) (Subject)
First Day of Trading on NYSE Expected to be October 28th under the Symbols SATX and SATX WSA 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 Endurance's stockholders on October 25, 2022 and satisfaction of customary closing conditions. In addition, on October 24, 2022, Endurance and SatixFy entered into a previously disclosed OTC Prepaid Forward Purchase Agreement that calls for purchase and resale of up to 10 million
On June 28, 2022, SatixFy, supported by the UK Space Agency ("UKSA") and the European Space Agency ("ESA"), using the OneWeb constellation, successfully demonstrated a high-speed low-latency 5G-enabled link with a LEO satellite via its fully electronically steered multi-beam multi-orbit antenna terminal SpaceX / T-Mobile, Thales / Ericsson /Qualcomm, and Huawei are among key companies announcing direct-to-cell satellite enabled 5G services in recent weeks We believe SatixFy's proprietary chip technology is well-suited to adaptation to the expected requirements of 5G telecommunications satellites SatixFy Communications Ltd. ("SatixFy"), a leader in next-generation satellite communicat
Significant milestone achieved by SatixFy supported by the UK Space Agency (UKSA) and the European Space Agency (ESA) using the OneWeb constellation, to successfully demonstrate a high-speed low-latency 5G-enabled link with a LEO satellite The demonstration was enabled by SatixFy's compact fully electronically steered multi-beam multi-orbit antenna terminal The SatixFy terminal also demonstrated simultaneous multi-orbit communications with a LEO and GEO satellite using its multi-beam multi satellites capability The demonstration validates the integration of space and ground networks using 5G links 5G is a potential large incremental market opportunity for SatixFy technology in the
SatixFy Names David Ripstein as CEO to Lead its Next Phase of Growth - Co-Founder Yoav Leibovitch to remain as SatixFy's Chairman and CFO - Business combination with Endurance Acquisition Corp. (NASDAQ:EDNC) on track to close in 2H 2022 SatixFy Communications Ltd. ("SatixFy"), a developer of state-of-the-art satellite communication equipment and systems, today announced that it has appointed David Ripstein, previously CEO of RADCOM (NASDAQ:RDCM) and GreenRoad Technologies, as its new CEO, effective June 27, 2022. Mr. Ripstein will succeed Yoav Leibovitch, SatixFy's Co-Founder, Chairman, Interim CEO and CFO, who will remain the company's Chairman and CFO. Mr. Ripstein is a communications
Bloomberg reports that satellite semiconductor provider SatixFy Communications Ltd agreed to go public via a special purpose acquisition company (SPAC) merger. SatixFy's deal with Endurance Acquisition Corp (NASDAQ:EDNC) will give the combined company a pro forma implied equity value of about $813 million. Israel-based SatixFy is a fabless semiconductor company providing products based on its own chipsets whose customers include Telesat Corp (NASDAQ: TSAT), OneWeb, ST iDirect, and Airbus SE (OTC: EADSF) (OTC: EADSY). The transaction includes a $29 million private investment in public equity (PIPE), with participation from institutional investors, including Sensegain Group and Antarctica