| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | July 3, 2025 |
| Accession Number: | 0001178913-25-002288 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | $2.10 | Buy → Neutral | Alliance Global Partners |
Transaction Expected to Close in Q3 2025 SatixFy Communications Ltd. ("SatixFy" or the "Company") (NYSE:SATX), today announced that at a special meeting of shareholders (the "Meeting") on May 23, 2025, holders of the majority of outstanding ordinary shares of SatixFy voted to approve the Agreement and Plan of Merger (the "Merger Agreement") with MDA Space Ltd. ("MDA Space"), as amended and announced on May 20, 2025, pursuant to which MDA Space agreed to acquire SatixFy in an all-cash transaction (the "Merger"). Over 99% of the Company's outstanding ordinary shares that were voted at the Meeting in person or by proxy were voted in favor of the adoption of the Merger Agreement and the Merge
SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the quarter ended March 31, 2025. Financial Highlights for the First Quarter of 2025 Total revenues for the first quarter of 2025 were $4.9 million, an increase of 158% compared to $1.9 million for the first quarter of 2024. Revenues from development services and preproduction were $4.0 million, an increase of 167% compared to $1.5 million in the same period of 2024. Revenues from the sale of products were $0.9 million, an increase of 122% compared to $0.4 milli
BRAMPTON, ON, May 20, 2025 /PRNewswire/ - MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, and SatixFy Communications Ltd. (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that they have agreed to amend the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated April 1, 2025 among SatixFy Communications Ltd. ("SatixFy") , MDA Space Ltd. ("MDA") and certain subsidiaries, pursuant to which MDA agreed to acquire SatixFy in an all-cash transaction for US$2.10 (without interest) per ordinary share, which implied an aggregate equity value for the Com
Alliance Global Partners downgraded SatixFy Communications from Buy to Neutral and set a new price target of $2.10
15F-12B - SatixFy Communications Ltd. (0001915403) (Filer)
15F-12B - SatixFy Communications Ltd. (0001915403) (Filer)
EFFECT - SatixFy Communications Ltd. (0001915403) (Filer)
SC 13G - SatixFy Communications Ltd. (0001915403) (Subject)
SC 13G/A - SatixFy Communications Ltd. (0001915403) (Subject)
SC 13G/A - SatixFy Communications Ltd. (0001915403) (Subject)
Vertical integration of SatixFy expected to further enhance the MDA Space end-to-end satellite offering as demand for digital constellations growsMDA Space to pay US$2.10 per SatixFy share, representing a 75% premium to SatixFy's share price on March 31, 2025BRAMPTON, ON and REHOVOT, Israel, April 1, 2025 /PRNewswire/ - MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, and SatixFy Communications Ltd. (NYSE:SATX), a leader in next-generation satellite communication solutions based on in-house-designed chipsets, today jointly announced that they have entered into a definitive agreement (the "Transaction Agreement") under which MDA Space will ac
Further strengthens MDA's digital satellite capability in growing LEO constellation market LONDON, Aug. 31, 2023 /PRNewswire/ - MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE:SATX), and other strategic considerations. The transaction, valued at US$40 million, will help further strengthen MDA's global leadership position in the growing market for digital satellite communications solutions.
SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that Mr. Nir Barkan has been appointed Acting Chief Executive Officer of SatixFy by the Company's Board of Directors effective June 1, 2023, replacing the current CEO, Mr. Ido Gur who is stepping down. Nir Barkan previously served as SatixFy's Chief Commercial Officer from 2014 until 2018. Prior to rejoining SatixFy, from 2018 to 2023, Mr. Barkan was a Co-Founder, Group CTO and the General Manager as well as a Director of Curvalux, a company operating in the field of sustainable fixed wireless broadband technology. Prior to