Alliance Global Partners downgraded SatixFy Communications from Buy to Neutral and set a new price target of $2.10

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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

Presents significant 92% growth in full year revenue and solid improvement across all financial metrics MDA Space announces its intention to acquire SatixFy to further enhance MDA Space's end-to-end satellite offering as demand for next generation digital constellations grows 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 full year period ended December 31, 2024, and provided recent operational and business updates. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, "We are ver

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

Signed purchase order for initial provision of chips and ATP for engineering work SatixFy Communications Ltd. ("SatixFy" or the "Company") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) ("MDA Space") of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed ("ATP") agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space. These latest agreements build upon the previously announced $2 mil

SatixFy Communications Ltd. ("SatixFy" or the "Company") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced that it has secured funding of £1.8 million (approximately $2.3 million) from the UK Space Agency under its C-LEO program, for the development of an advanced software suite for digital satellite payloads. The funds will support SatixFy's development of advanced regenerative and digital beamforming software, addressing the increasing demand for software-reconfigurable satellite payloads. The software is designed for real-time control and monitoring of LEO/MEO/GEO payloads, whether based on DVB, 3GPP, or other w

Introducing its Direct-to-Device and Broadband Digital Satellite Payload Solutions, Ground Gateways and User Terminals Solutions SatixFy Communications Ltd. ("SatixFy", or the "Company") (NYSE:SATX), a leader in next-generation satellite communication systems powered by in-house developed chipsets, today announced its participation in Satellite Show 2025, taking place at the Walter E. Washington Convention Center in Washington, D.C., from March 11 to 13, 2025. Visitors to the SatixFy booth (#2225) will have the opportunity to explore the Company's comprehensive suite of software and ASIC-based digital satellite payload solutions. These include advanced, transparent and regenerative radi

SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC ("NYSE American"). On December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American's letter, dated November 30, 2023 and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the "Company Guide"). NYSE confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters as required under Sectio

Expects full year 2024 revenues of between $17-$19 million 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 nine month period ended September 30, 2024 and provided recent operational and business updates. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, "We are very pleased with the strong momentum we have shown in the third quarter, which has continued into the current quarter. Our recent progress has been marked by key agreements that highlight growing traction for our

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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

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.