As a result of the Business Combination, and upon consummation of the Business Combination and the other transactions contemplated by the Business Combination Agreement (the “ Transactions ”), Endurance will become a wholly owned subsidiary of SatixFy, with the shareholders and warrantholders of Endurance becoming shareholders and warrantholders of SatixFy. Pursuant to the Business Combination Agreement, Merger Sub will merge with and into Endurance, with Endurance surviving the merger (the “ Business Combination ”). The board of directors of Endurance Acquisition Corp., a Cayman Islands exempted company (“ Endurance ”), has unanimously approved the business combination agreement (the “ Business Combination Agreement ”), dated as of March 8, 2022, by and among Endurance, SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel (the “ Company ” or “ SatixFy ”) and SatixFy MS, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (“ Merger Sub ”), as amended on Jand August 23, 2022.
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