STXYF SatixFy Communications Ltd (PK)

This Report of Foreign Private Issuer on Form 6-K (other than the third and fourth paragraphs of Exhibit 99.1 furnished herewith) is incorporated by reference into the Company’s Registration Statements on Form F-3 (Registration No. 333-279869) and Form S-8 (Registration Nos. 333-268005 and 333-275902), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

Under an amendment to the original Master Purchase Agreement (the “MPA Amendment”), signed in October 2023, a total of $3 million was added to the scope of the original agreement, alongside an immediate prepayment of $5 million that was previously announced but not yet paid. Additionally, an Authorization to Proceed (“ATP”) agreement was signed between SatixFy and MDA Space, which is structured around two milestone payments totaling $2 million in the aggregate and setting out the terms for future purchase orders.

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, SatixFy is using forward looking statement in this press release when it discusses the execution of the MPA Amendment; the future payments under the MPA Amendment based on meeting specific milestones; the future payments under the ATP agreement; SatixFy’s growth and expansion; the expansion of the global space industry; SatixFy’s potential revenue growth; the strategic value of SatixFy’s technology to MDA Space; SatixFy’s position as a key technology provider of both space-grade chips and software for next-generation digital satellite payloads; the growing demand for SatixFy’s solutions; SatixFy’s long-term growth strategy; and SatixFy’s space-grade chips position as the core technology driving global communications in the next-generation LEO and GEO satellite constellations set to launch in the coming years. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: SatixFy’s planned level of revenues and capital expenditures; SatixFy’s available cash and its ability to obtain additional funding; SatixFy’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; SatixFy’s ability to maintain its relationships with suppliers, distributors and other partners; SatixFy’s ability to maintain or protect the validity of its patents and other intellectual property; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of SatixFy’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 29, 2024, as amended, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. SatixFy undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.