MDA Space Ltd. and SatixFy Communications Amend Merger Agreement, Increasing Offer to $3.00 Per Share and Postponing Shareholder Meeting

Reuters05-20

<a href="https://laohu8.com/S/MDALF">MDA Space Ltd.</a> and SatixFy Communications Amend Merger Agreement, Increasing Offer to $3.00 Per Share and Postponing Shareholder Meeting

MDA Space Ltd. and SatixFy Communications Ltd. have announced an amendment to their previously agreed-upon merger terms, resulting in an increased merger consideration. Initially, MDA was set to acquire SatixFy at US$2.10 per ordinary share, valuing the company at approximately US$193 million. Following a go-shop process, the terms have been revised to an all-cash transaction of US$3.00 per ordinary share, raising the aggregate equity value to about US$280 million. This increase comes after SatixFy received an alternative proposal during the go-shop period, which MDA disputed. The revised terms reflect SatixFy's commitment to not pursuing other acquisition offers and its Board's support for the merger with MDA.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MDA Space Ltd. published the original content used to generate this news brief on May 20, 2025, and is solely responsible for the information contained therein.

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