If You Invested in SATIXFY COMMUNICATIONS LTD (SATX)

SatixFy Communications Ltd. (historically traded on NYSE American under the symbol SATX) is a satellite communications technology company that develops chips and systems serving the satellite communication value chain from gateways through payload subsystems and user terminals. According to multiple company disclosures, SatixFy focuses on next-generation satellite space and ground communications systems built around powerful chipsets it designs in house, including space-grade application-specific integrated circuits (ASICs), modems, and multi-beam digital antennas.

SatixFy states that its products include modems featuring Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support advanced communications standards such as DVB-S2X and, in some descriptions, RCS2. The company indicates that its ASICs are designed to improve the overall performance of satellite communications systems, reduce the weight and power requirements of terminals and payloads, and save real estate for gateway equipment. Its advanced Very Small Aperture Terminals (VSATs) and multi-beam electronically steered antenna arrays are described as optimized for a variety of mobile applications and services using low Earth orbit (LEO), Medium Earth Orbit (MEO) and Geostationary (GEO) satellite communications systems, including aero/in-flight connectivity and communications-on-the-move applications.

In its public materials, SatixFy explains that it develops end-to-end satellite communications solutions that span both space and ground segments. On the space side, disclosures reference satellite multi-beam digital space antennas, space processors and digital beamforming ASICs intended for next-generation satellite constellations and digital payloads. On the ground side, SatixFy highlights multi-beam, multi-orbit and multi-frequency terminal solutions, flat panel user terminals, outdoor gateway modems for non-geostationary satellite orbit (NGSO) antennas, and gateway baseband units for satellite networks.

SatixFy has reported that its technology supports use cases such as satellite broadband, direct-to-device constellations and cellular backhaul, and that its space-grade chips and digital beamformers are intended to enable high-performance and power-efficient communication satellite solutions. The company has also disclosed collaborations and contracts with industry participants, including agreements to provide engineering models and space-grade chips for integration into satellites, and to develop landing station baseband units for a satellite network.

According to its press releases, SatixFy is headquartered in Rehovot, Israel, with additional offices in the United Kingdom, the United States and Bulgaria. In a joint announcement with MDA Space Ltd., SatixFy stated that it was founded in 2012 and described itself as a supplier of semiconductors and solutions for the space and satellite communications value chain, including gateways, multi-beam digital antennas, user terminals and modems.

SatixFy’s public financial reports describe revenue derived from development services and preproduction as well as from the sale of products, including space-grade chips. The company has discussed significant investment in research and development to advance its space-grade ASICs, regenerative processors and digital beamforming technology, and has reported grants and support from organizations such as the European Space Agency and the UK Space Agency for specific development programs.

In April 2025, SatixFy and MDA Space announced a definitive agreement under which MDA Space would acquire all outstanding shares of SatixFy in an all-cash transaction. Subsequent disclosures reported an amended merger agreement increasing the merger consideration and a shareholder vote approving the transaction. On July 2, 2025, SatixFy filed a Form 6-K stating that the merger with MDA Space had closed and that SatixFy became an indirect wholly owned subsidiary of MDA Space. In connection with the merger, SatixFy’s board approved the voluntary delisting of its ordinary shares from NYSE American and deregistration with the U.S. Securities and Exchange Commission.

A Form 25 filed on July 2, 2025 by NYSE American LLC confirmed the removal of SatixFy’s ordinary shares from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The filing notes that the ordinary shares, which previously traded under the symbol “SATX,” would no longer be listed on NYSE American. SatixFy has indicated its intention to file a Form 15F to suspend its reporting obligations under Sections 13 and 15(d) of the Exchange Act with respect to its ordinary shares and certain warrants.

As a result of the completed merger and delisting, SATX now represents the historical listing of SatixFy Communications Ltd. on NYSE American rather than an actively traded standalone public company. Investors researching SATX are generally examining the company’s historical operations as a developer of satellite communications chips, systems and terminals, and the corporate transaction through which it became part of MDA Space.

Business focus and technology

Across its public communications, SatixFy emphasizes:

• Development of space-grade ASICs, including regenerative processors and digital beamforming chips for satellite payloads.
• Design of multi-beam digital antennas for both space and ground applications.
• Production of user terminals, including flat panel and on-the-move antennas, for multi-orbit satellite networks.
• Creation of modems and gateway equipment that support standards such as DVB-S2X and, in some cases, RCS2.
• Integration of hardware and software, including regenerative and digital beamforming software for satellite payloads, supported by funding from programs such as the UK Space Agency’s C-LEO initiative.

SatixFy’s disclosures indicate that its solutions are intended to support LEO, MEO and GEO satellite systems and to address applications such as broadband connectivity, direct-to-device communications, aero/in-flight connectivity and other communications-on-the-move scenarios.

Corporate status after MDA Space acquisition

Following the closing of the merger with MDA Space on July 2, 2025, SatixFy became an indirect wholly owned subsidiary of MDA Space. The Form 6-K filed on that date explains that each SatixFy ordinary share was cancelled and converted into the right to receive cash consideration in accordance with the merger agreement. The same filing and the related Form 25 describe the voluntary delisting of SatixFy’s ordinary shares from NYSE American and the planned deregistration of the securities.

Because of this transaction and subsequent delisting, SATX should be viewed as a former NYSE American listing. Historical information about SatixFy’s technology, contracts, financial performance and regulatory filings remains relevant for understanding the company’s development and its integration into MDA Space, but the ticker SATX no longer represents an independently traded equity on NYSE American.