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.
