SatixFy Communications Ltd. has announced that its shareholders have overwhelmingly approved the company's proposed acquisition by MDA Space. At a special shareholder meeting held on May 23, 2025, more than 99% of the voted shares supported the merger agreement, which involves MDA Space acquiring SatixFy in an all-cash transaction. The transaction is expected to close in the third quarter of 2025. SatixFy's CEO, Nir Barkan, expressed satisfaction with the strong shareholder support, emphasizing the strategic fit and value creation the merger represents as the market transitions from analog to digital technologies.
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: 0001178913-25-001937), on May 23, 2025, and is solely responsible for the information contained therein.