SatixFy

Two months before becoming a public company on Wall Street through a merger with a SPAC, Israeli technology company SatixFy (Nasdaq: SATX) had to cut its valuation sharply. From a planned $813 million post-money valuation…

SatixFy began trading with a valuation of $365 million, well below its original valuation of $632 million, which was cut from the original amount planned after it reduced its financial forecast. …

Israeli satellite technology company SatixFy, which is in the process of a merger with a SPAC (special purpose acquisition company), will have to make do with a substantially lower valuation than it was given just six…