{"id":795735,"date":"2024-12-18T08:05:04","date_gmt":"2024-12-18T13:05:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\/"},"modified":"2024-12-18T08:05:04","modified_gmt":"2024-12-18T13:05:04","slug":"satixfy-regains-compliance-with-nyse-american-continued-listing-standards","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\/","title":{"rendered":"SatixFy Regains Compliance with NYSE American Continued Listing Standards"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>SatixFy Regains Compliance with NYSE American Continued Listing Standards<\/b><\/p>\n<p>REHOVOT, Israel&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSatixFy Communications Ltd. (the \u201cCompany\u201d or \u201cSatixFy\u201d) (NYSE AMERICAN: SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC (\u201cNYSE American\u201d).<\/p>\n<p>\nOn December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American\u2019s letter, dated November 30, 2023 and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d). NYSE confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters as required under Section 1009(f) of the Company Guide.<\/p>\n<p>\nSatixFy remains committed to maintaining full compliance with NYSE American listing requirements and continues to focus on its operational and financial objectives.<\/p>\n<p><b>About SatixFy<\/b><\/p>\n<p>\nSatixFy develops end-to-end next-generation satellite communications systems, including satellite multi beam digital antennas, user terminals and modems, based on powerful chipsets that it develops in house.<\/p>\n<p>\nSatixFy\u2019s products include modems that feature Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support the advanced communications standard DVB-S2X. SatixFy\u2019s innovative ASICs improve the overall performance of satellite communications systems, reduce the weight and power requirements of terminals and payloads, and save real estate for gateway equipment. SatixFy\u2019s advanced VSATs and multi-beam fully electronically steered antenna arrays are optimized for a variety of mobile applications and services, using LEO, MEO and GEO satellite communications systems, for aero\/in-flight connectivity systems, communications-on-the-move applications and more.<\/p>\n<p>\nSatixFy is headquartered in Rehovot, Israel with additional offices in the U.S., U.K. and Bulgaria. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.SatixFy.com&amp;esheet=54168484&amp;newsitemid=20241219943846&amp;lan=en-US&amp;anchor=www.SatixFy.com&amp;index=1&amp;md5=a74541b533e7e04f6d8ce6f67af3e92d\">www.SatixFy.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates\u201d 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 its ability to continue to remain in compliance with NYSE American listing standards. 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: the Company\u2019s planned level of revenues and capital expenditures; the Company\u2019s available cash and its ability to obtain additional funding; the Company\u2019s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company\u2019s ability to maintain its relationships with suppliers, distributors and other partners; the Company\u2019s 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 the Company\u2019s 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\u2019s website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54168484&amp;newsitemid=20241219943846&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=8c28bb5215bfb2ac6c23b601e3e7b398\">www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p>\nSAT-FIN<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241219943846r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241219943846\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241219943846\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\">\nInvestor Contact:<br \/>\n<br \/>Kenny Green &amp; Ehud Helft, EK Global IR, <a rel=\"nofollow\" href=\"mailto:satixfy@ekglobal.com\">satixfy@ekglobal.com<\/a><\/p>\n<p class=\"bwalignl\">\nMedia Contact:<br \/>\n<br \/>Aviv Sax Nahamoni, <a rel=\"nofollow\" href=\"mailto:info@satixfy.com\">info@satixfy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Israel Middle East<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Semiconductor Hardware Satellite Technology Software<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241219943846\/en\/1681661\/3\/satixfy_logo_horizontal-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SatixFy Regains Compliance with NYSE American Continued Listing Standards REHOVOT, Israel&#8211;(BUSINESS WIRE)&#8211; SatixFy Communications Ltd. (the \u201cCompany\u201d or \u201cSatixFy\u201d) (NYSE AMERICAN: SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC (\u201cNYSE American\u201d). On December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American\u2019s letter, dated November 30, 2023 and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d). NYSE confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters as required under Section 1009(f) of the Company Guide. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SatixFy Regains Compliance with NYSE American Continued Listing Standards&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795735","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SatixFy Regains Compliance with NYSE American Continued Listing Standards - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SatixFy Regains Compliance with NYSE American Continued Listing Standards - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SatixFy Regains Compliance with NYSE American Continued Listing Standards REHOVOT, Israel&#8211;(BUSINESS WIRE)&#8211; SatixFy Communications Ltd. (the \u201cCompany\u201d or \u201cSatixFy\u201d) (NYSE AMERICAN: SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC (\u201cNYSE American\u201d). On December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American\u2019s letter, dated November 30, 2023 and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d). NYSE confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters as required under Section 1009(f) of the Company Guide. &hellip; Continue reading &quot;SatixFy Regains Compliance with NYSE American Continued Listing Standards&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T13:05:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241219943846r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SatixFy Regains Compliance with NYSE American Continued Listing Standards\",\"datePublished\":\"2024-12-18T13:05:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/\"},\"wordCount\":616,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241219943846r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-regains-compliance-with-nyse-american-continued-listing-standards\\\/\",\"name\":\"SatixFy Regains Compliance with NYSE American Continued Listing Standards - 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