SatixFy and MDA Space Amend Merger Agreement with Increased Offer

SatixFy Communications ( (SATX) ) has provided an announcement.

On May 20, 2025, SatixFy Communications Ltd. and MDA Space Ltd. announced an amended merger agreement, increasing the merger consideration to an all-cash transaction of US$3.00 per ordinary share, valuing SatixFy at approximately US$280 million. This decision follows a ‘go-shop’ process where SatixFy received a competing proposal, leading to negotiations with MDA. The SatixFy Board determined the revised offer as the best value for shareholders, with the shareholder meeting to approve the merger postponed to May 23, 2025.

The most recent analyst rating on (SATX) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on SatixFy Communications stock, see the SATX Stock Forecast page.

Spark’s Take on SATX Stock

According to Spark, TipRanks’ AI Analyst, SATX is a Underperform.

SatixFy Communications’ stock score reflects significant financial challenges, including negative equity and profitability issues, which are major concerns. While the technical analysis shows positive momentum, the negative P/E ratio and absence of dividends weigh on the valuation.

To see Spark’s full report on SATX stock, click here.

More about SatixFy Communications

SatixFy Communications Ltd. is a leader in next-generation satellite communication systems, developing chips and systems that support the full satellite communication value chain. Their products include advanced modems and antennas that enhance satellite communications by improving performance and reducing weight and power requirements.

Average Trading Volume: 807,186

Technical Sentiment Signal: Buy

Current Market Cap: $176.8M

Learn more about SATX stock on TipRanks’ Stock Analysis page.