---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-112062"
form_type: "8-K"
ticker: null
cik: "0001864891"
company_name: "Endurance Acquisition Corp."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:15:09.837915+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SatixFy completes SPAC merger with Endurance; NYSE American listing Oct 28

## Summary
- Business Combination closed Oct 27; Endurance becomes wholly owned subsidiary of SatixFy.
- SatixFy shares/warrants expected to trade on NYSE American Oct 28 under SATX and SATX WSA.
- PIPE subscriber Sensegain defaulted on $9.1M commitment; SatixFy received $20M of $29.1M committed.
- Endurance directors (Patel, Davis, Reyes, etc.) resigned; SatixFy CEO Ripstein continues, Davis joins board.
- Israeli Tax Authority ruled public shareholders with <5% stake get tax deferral on share exchange.

## SEC filing metadata
- accession: 0001104659-22-112062
- form_type: 8-K
- cik: 0001864891
- company_name: Endurance Acquisition Corp.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/tm2229067d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-112062
- JSON: https://secwatch.observer/filing/0001104659-22-112062.json
- Plain text: https://secwatch.observer/filing/0001104659-22-112062.txt

## Key facts
- Executive change
  Henry E. Dubois departed as Director at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Director
  source text: the following individuals also ceased to be directors: Gary D. Begeman, Henry E. Dubois and Michael Leitner
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- Executive change
  Chandra R. Patel departed as Chairman at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Chairman
  source text: Chandra R. Patel ceased to be Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- Executive change
  Richard C. Davis departed as Chief Executive Officer and Director at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Chief Executive Officer and Director
  source text: Richard C. Davis ceased to be Chief Executive Officer and Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- Executive change
  Gary D. Begeman departed as Director at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Director
  source text: the following individuals also ceased to be directors: Gary D. Begeman, Henry E. Dubois and Michael Leitner
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- Executive change
  Romeo A. Reyes departed as Chief Financial Officer at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Chief Financial Officer
  source text: Romeo A. Reyes ceased to be Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- Executive change
  Michael Leitner departed as Director at Endurance Acquisition Corp..
  - Action: ceased to be
  - Role: Director
  source text: the following individuals also ceased to be directors: Gary D. Begeman, Henry E. Dubois and Michael Leitner
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
- M&A Transactions
  Endurance Acquisition Corp. underwent a change of control involving SatixFy Communications Ltd. for each Class A ordinary share of Endurance was exchanged for one ordinary share of SatixFy and each outstanding warrant of Endurance was assumed by SatixFy (closed 2022-10-27).
  - Action: change of control
  - Counterparty: SatixFy Communications Ltd.
  - Consideration: each Class A ordinary share of Endurance was exchanged for one ordinary share of SatixFy and each outstanding warrant of Endurance was assumed by SatixFy
  - Closing: 2022-10-27
  source text: As previously disclosed in the Current Report on Form 8-K filed by Endurance Acquisition Corp., a Cayman Islands exempted company (“ Endurance ”), with the Securities and Exchange Commission (the “ SEC ”) on March 8, 2022, Endurance entered into a business combination agreement (as amended, supplemented or otherwise modified, the “ Business Combination Agreement ”) with SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel (“ SatixFy ”), and SatixFy MS, a Cayman Islands exempted company and a direct, wholly owned subsidiary of SatixFy (“ Merger Sub ”). Pursuant to the Business Combination Agreement, on October 27, 2022, Merger Sub merged with and into Endurance (the “ Business Combination ”), with Endurance surviving the Business Combination as a wholly owned subsidiary of SatixFy (the “ Surviving Company ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.