Israeli satellite communications equipment maker SatixFy goes public
Categories: Capital Markets, Corporate and M&A
Israel-based SatixFy has listed on the New York Stock Exchange following its merger with Endurance Acquisition Corp., a SPAC company.
SatixFy plans to use proceeds from its SPAC deal to fund an aggressive sales strategy for the antennas, terminals, and modems it produces based on semiconductors developed in-house.
SPACs helped launch nine space companies to the public markets last year; however, their popularity among investors has faded following the lackluster performance of these stocks.
Davis Polk & Wardwell and Gross Law Firm (GKH) served as SatixFy’s legal counsel and Morrison & Foerster and Meitar served as Endurance’s legal counsel.
