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Endurance Acquisition Corp - EDNCU STOCK NEWS

Welcome to our dedicated page for Endurance Acquisition news (Ticker: EDNCU), a resource for investors and traders seeking the latest updates and insights on Endurance Acquisition stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Endurance Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

SatixFy Communications Ltd. has successfully completed its business combination with Endurance Acquisition Corp. after stockholder approval on October 25, 2022. The combined company's shares will start trading on the NYSE American under the symbols SATX and SATX WSA on October 28, 2022. The partnership is expected to leverage SatixFy’s innovative satellite technologies, enhancing operational performance and reducing costs. This strategic move positions the company favorably within the growing satellite communications market.

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Endurance Acquisition Corp. has successfully closed its initial public offering, raising $200 million from the sale of 20,000,000 units at $10.00 per unit. The units began trading on the Nasdaq Capital Market under the ticker symbol EDNCU on September 15, 2021. The offering includes one Class A ordinary share and one-half of a redeemable warrant, which can be exercised for one share at $11.50. Endurance Acquisition Corp. aims to target businesses in the data infrastructure and analytics sectors, particularly in space and wireless industries.

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Endurance Acquisition Corp. priced its initial public offering (IPO) at $10.00 per unit, totaling 20,000,000 units. Trading under the symbol ‘EDNCU’ will commence on September 15, 2021. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with whole warrants priced at $11.50 per share. This Cayman Islands incorporated blank check company aims to target businesses in data infrastructure and analytics, particularly in space and wireless sectors. Cantor Fitzgerald & Co is the sole book-running manager for the offering.

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Endurance Acquisition Corp

Nasdaq:EDNCU

EDNCU Rankings

EDNCU Stock Data

20.00M
1.98%
Shell Companies
Financial Services
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United States
New York