[SCHEDULE 13G/A] SatixFy Communications Ltd. SEC Filing
SatixFy Communications Ltd. Schedule 13G/A was submitted by Senvest Management, LLC and Richard Mashaal reporting that the ordinary shares held in the account of Senvest Technology Partners Master Fund, LP are not beneficially owned by the reporting persons. Both reporting parties state zero shares and 0% of the class and identify Senvest Management as the investment manager and Mr. Mashaal as the managing member. Senvest is organized in Delaware and Mr. Mashaal is a Canadian citizen.
The filing includes a certification that the securities were not acquired to change or influence control of the issuer, clarifying roles rather than any active economic or voting stake in the company.
- Transparent disclosure that both reporting persons declare 0 shares and 0% ownership in the issuer.
- Certification included confirming the securities were not acquired to change or influence control, indicating compliance and clarity.
- No beneficial ownership0% of the class), meaning no direct economic or voting stake.
Insights
TL;DR: Routine disclosure: reported beneficial ownership is zero, so no direct economic stake or voting influence from the reporting persons.
The Schedule 13G/A explicitly reports 0 shares and 0% ownership for both Senvest Management, LLC and Richard Mashaal with respect to the issuer's ordinary shares. The securities are identified as held in the account of an investment vehicle managed by Senvest, and the filing notes that the manager and managing member roles could create deemed relationships but, in this filing, result in no reported beneficial ownership. For investors, this is a non-material ownership disclosure rather than a change in capital structure.
TL;DR: Governance impact is minimal: the filing clarifies roles and affirms no intent to influence control given the reported 0% stake.
The document confirms that Senvest Management serves as investment manager and that Mr. Mashaal is the managing member, which explains why they filed despite reporting no beneficial ownership. The included certification states the securities were not acquired to affect control. This is a transparency and compliance disclosure that does not indicate active engagement, control, or voting influence over the issuer.