BRAMPTON, ON, May 20, 2025 /CNW/ - MDA Space Ltd. (TSX:MDA.TO), a trusted mission partner to the rapidly expanding global space industry, and SatixFy Communications Ltd. (NYSEAmerican:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that they have agreed to amend the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated April 1, 2025 among SatixFy Communications Ltd. ("SatixFy") , MDA Space Ltd. ("MDA") and certain subsidiaries, pursuant to which MDA agreed to acquire SatixFy in an all-cash transaction for US$2.10 (without interest) per ordinary share, which implied an aggregate equity value for the Company of approximately US$193 million.
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