SatixFy Communications ( (SATX) ) has provided an update.
On April 1, 2025, SatixFy Communications Ltd. announced its entry into a merger agreement with MDA Space Ltd., which involves a two-step merger process. The merger will result in SatixFy becoming a wholly owned subsidiary of MDA Space. The agreement includes a cash consideration of $2.10 per share for SatixFy shareholders and outlines the treatment of equity awards and warrants. The merger is subject to shareholder approval and includes a 45-day go-shop period for alternative proposals. The board of SatixFy has unanimously recommended the merger, citing it as fair and in the best interests of the company and its shareholders.
More about SatixFy Communications
SatixFy Communications Ltd. operates in the satellite communications industry, focusing on providing advanced satellite communication solutions. The company is known for its innovative technology in satellite payloads, modems, and terminals, catering to a global market with a focus on enhancing connectivity and communication capabilities.
YTD Price Performance: -32.58%
Average Trading Volume: 216,987
Technical Sentiment Signal: Sell
Current Market Cap: $108.6M
For an in-depth examination of SATX stock, go to TipRanks’ Stock Analysis page.