MoFo News Item

MoFo Advises Endurance Acquisition Corp. on Its Combination With SatixFy Communications Ltd.

08 Mar 2022

Morrison & Foerster is advising Endurance Acquisition Corp., a NASDAQ-listed special purpose acquisition corporation and affiliate of Antarctica Capital, on its combination with SatixFy Communications Ltd., an Israeli vertically integrated fabless semiconductor chip company and a leader in next-generation satellite communication systems. Endurance Acquisition Corp. chose SatixFy after searching for a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, or “space-based tech” digital infrastructure businesses. The combined company is expected to have a pro forma implied equity value of approximately $813 million.

The MoFo team advising Endurance Acquisition Corp. is being led by corporate partners Larry Medvinsky, David Slotkin, and Aly El Hamamsy. The wider team includes New York tax partners Anthony Carbone and Dave Sturgeon, Washington, D.C. corporate partner Andy Campbell, Tokyo technology transactions partner Seth Graham, San Francisco executive compensation partner Amanda Hines Gold, Washington, D.C. antitrust partner Alex Okuliar, Washington, D.C. national security partner Charles Capito, Washington, D.C. employment and labor partner Andrew Turnbull, London employment and labor partner Annabel Gillham, London corporate partner Stuart Alford, London tax partner Trevor James, and London litigation partner Gareth Rees.



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