Appleby is acting as Cayman Islands counsel to Endurance Acquisition Corp., a NASDAQ-listed special purpose acquisition company formed by an affiliate of Antarctica Capital, on its business combination with SatixFy Communications Ltd., an Israeli vertically integrated fabless semiconductor chip company. The business combination will result in SatixFy becoming a publicly listed company and is expected to give the combined company a pro forma implied equity value of around $813 million.

Endurance Acquisition Corp. was formed to focus on 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” businesses.

The Appleby team advising Endurance Acquisition Corp. is being led by Hong Kong managing partner David Bulley and Cayman-based counsel Dean Bennett, assisted by associate Alejandra Gonzalez Saucedo.

Key contacts

David Bulley

Managing Partner, Head of Restructuring and Corporate: Hong Kong

T +852 6201 3662
E Email David

Dean Bennett

Counsel, Global Co-Head of SPACs: Cayman Islands

T +1 345 814 2980
E Email Dean

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