SatixFy Board Unanimously Recommends Shareholders Vote in Favor of Revised Merger Agreement Ahead of Meeting

Reuters05-21

SatixFy Board Unanimously Recommends Shareholders Vote in Favor of Revised Merger Agreement Ahead of Meeting

SatixFy Communications Ltd. has announced a revised transaction agreement with MDA Space, which includes an increased all-cash offer of $3.00 per ordinary share, valuing the company at approximately $280 million. The Board of Directors unanimously recommends that shareholders vote in favor of the revised transaction at the upcoming meeting. This recommendation comes after careful consideration of various factors, including the financial benefits and risks associated with the merger. Approximately 57% of SatixFy's shareholders have already committed to supporting the transaction through voting support agreements. The shareholder meeting has been postponed to allow for this updated consideration.

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. SatixFy Communications Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-25-001907), on May 21, 2025, and is solely responsible for the information contained therein.

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