secwatch.observer — SEC 8-K summary
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Issuer:     Endurance Acquisition Corp. (—)
CIK:        0001864891
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001104659-22-112062
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/0001104659-22-112062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864891/000110465922112062/tm2229067d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer