Endurance Acquisition Corp. (EDNC) to Combine with SatixFy in $632M Deal

Endurance Acquisition Corp. (NASDAQ: EDNCU) has entered into a definitive agreement to combine with a satellite communication systems company SatixFy Communications Ltd. at an enterprise value of $632 million or 7.2x its 2023E revenue. The Rehovot, Israel-based company designs satellite communication systems based on chipsets developed in-house. Transaction Overview Endurance is funding the deal with
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