SatixFy Signs Agreements Worth $10 Million, Including $5 Million in New Agreements and a $5 Million Prepayment Associated With an Existing Contract With MDA Space
SatixFy Communications Ltd. (SATX)
Company Research
Source: Business Wire
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed new agreements in aggregate valued at $5 million, alongside an immediate prepayment of a previously announced $5 million associated with an amendment to an existing contract with MDA Space Ltd. (“MDA Space”) (TSX: MDA), a provider of advanced technology and services to the rapidly expanding global space industry. Agreements signed further the significant collaboration between the two companies initiated in October 2023.Under an amendment to the original Master Purchase Agreement (the “MPA Amendment”), signed in October 2023, a total of $3 million was added to the scope of the original agreement, alongside an immediate prepayment of $5 million that was previously announced but not yet paid. Additionally, an Authorization to Proceed (“ATP”) agreement was si
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SATX
Sec Filings
- 11/6/24 - Form 144
- 11/4/24 - Form 6-K
- 10/23/24 - Form 6-K
- SATX's page on the SEC website