M&A - SatixFy Communications Ltd.

Form Type: 6-K/A

Filing Date: 2025-05-22

Corporate Action: Merger

Type: Update

Accession Number: 000117891325001920

Filing Summary: On May 20, 2025, SatixFy Communications Ltd. announced an amendment to its merger agreement with MDA Space and other parties. The amendment increases the merger consideration to US$3.00 per ordinary share and postpones the shareholder meeting. An updated fairness opinion was provided by TD Securities (USA) LLC regarding the new terms of the merger. This report is an amendment to a previous filing and incorporates additional documents such as a press release, a letter agreement with MDA Space and others, and the updated fairness opinion, which are furnished as exhibits with this report. Investors are encouraged to review the proxy materials related to this transaction once available.

Form Type: 20-F

Filing Date: 2025-04-01

Corporate Action: Merger

Type: New

Accession Number: 000117891325001156

Filing Summary: SatixFy Communications Ltd. has filed its annual report for the fiscal year ending December 31, 2024. The report includes details about the company’s financial performance, including expenses related to the Alta settlement amounting to $2.3 million and various asset write-offs, including a contract asset related to Jet-Talk due to ongoing disputes. Significant points include various corporate agreements and associated risks described in their financial statements, as well as details on employee insurance expenses. The company reports strong liquidity management while addressing risks related to trade payables in various currencies. The merger agreement is notably highlighted as a key element in the document, indicating growth and strategic business consolidation moving forward.