Brief: SatixFy, A Leader In Next-Generation Satellite Communication Systems, To Go Public Via Combination With Endurance Acquisition Corp.

Satixfy Communications

08/03/2022 12:45

March 8 (Reuters) - Endurance Acquisition Corp  EDNC.O :
    * SATIXFY, A LEADER IN NEXT-GENERATION SATELLITE
COMMUNICATION
SYSTEMS, TO GO PUBLIC VIA COMBINATION WITH ENDURANCE ACQUISITION
CORP.
    * ENDURANCE ACQUISITION CORP - TRANSACTION IMPLIES A PRO
FORMA
IMPLIED EQUITY VALUE OF COMBINED COMPANY AT APPROXIMATELY $813
MILLION
    * ENDURANCE ACQUISITION CORP - COMBINED ENTITY WILL RECEIVE
APPROXIMATELY $201 MILLION FROM ENDURANCE'S TRUST ACCOUNT

Source text for Eikon:  ID:nBw7L1Fcja 
Further company coverage:  EDNC.O