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Satellite Chip Company SatixFy to Merge With Blank-Check Firm Endurance

  • Transaction values combined company at about $813 million
  • Israel-based company provides telecom chips for satellites
Updated on

SatixFy Communications Ltd., which provides semiconductors for satellites, has agreed to go public through a merger with a special purpose acquisition company. 

The deal with Endurance Acquisition Corp. will give the combined company a pro forma implied equity value of about $813 million, according to a Tuesday announcement, confirming a previous Bloomberg report. The transaction includes a $29 million private investment in public equity, or PIPE, with participation from institutional investors including Sensegain Group and Antarctica Capital