We recently marked a momentous achievement for our portfolio company SatixFy as they completed their public offering to become a publicly-traded company on the New York Stock Exchange.
SatixFy is a leader in next-generation satellite communication systems based on in-house-developed chipsets. They announced that they have completed their previously-announced business combination with Endurance Acquisition Corp. (“Endurance”) following the approval of the business combination by Endurance’s stockholders on October 25, 2022 and satisfaction of customary closing conditions.
This allows SatixFy to bring the heart of satellite communications into the mainstream, fulfilling the demand for the unique functionality that they provide.
Congratulations to everyone at SatixFy on this terrific milestone. ARIE Capital is proud to have been an early investor in SatixFy and their innovative satellite communication technology solutions.