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SPAC · Merger completed

Endurance Acquisition Corp.

Business combination with SatixFy Communications

Endurance Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Sep 16, 2021, listing on Nasdaq Capital Market. It completed its business combination with SatixFy Communications on Oct 27, 2022; the combined company is SatixFy. Cantor led the IPO, with Truist. Morrison & Foerster advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

SatixFy Communications makes VSATs and multi-beam electronically steered antenna arrays for mobile uses such as connected cars, IoT, consumer broadband, in-flight connectivity and communications payloads. Founded in 2012, it is headquartered in Rehovot, Israel, with offices in the United States, United Kingdom and Bulgaria.

Status
Merger completed
IPO date
Sep 16, 2021
IPO size
$200M
IPO exchange
Nasdaq Capital Market
Target
SatixFy Communications (SatixFy)
Announced
Mar 8, 2022
Closed
Oct 27, 2022
Combined company
SatixFy
IPO underwriters
Cantor and Truist
SPAC counsel (IPO)
Morrison & Foerster and Appleby
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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