Item 1.02 Termination of a Material Definitive Agreement.

On October 27, 2022, in connection with the consummation of the Business Combination, the following material agreements of Endurance terminated in accordance with their terms: (i) that certain Investment Management Trust Agreement, dated as of September 14, 2021, between Endurance and Continental, pursuant to which Continental invested the proceeds of Endurance's initial public offering in a trust account and facilitated the redemptions in connection with the Business Combination; and (ii) that certain Administrative Support Agreement, dated as of September 14, 2021, between Endurance and Antarctica Data Partners, LLC (the "Sponsor"), pursuant to which the Sponsor provided office space, utilities, and secretarial and administrative support to Endurance for a fee of $10,000 per month.

Item 2.01. Completion of Acquisition or Disposition of Assets.

To the extent required by Item 2.01 of Form 8-K, the disclosure set forth in the Introductory Note of this Current Report on Form 8-K is incorporated herein by reference.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; Material Modification to Rights of Security Holders.

On October 27, 2022, Endurance notified the Nasdaq Stock Market ("NASDAQ") of the consummation of the Business Combination and requested that NASDAQ (i) suspend trading of the Endurance Class A ordinary shares, Endurance warrants and Endurance units (each as described on the cover page of this Current Report on Form 8-K; collectively, the "Endurance Securities"), effective October 27, 2022 and (ii) file with the SEC a Form 25 to delist the Endurance Securities under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Endurance intends to file a certification on Form 15 with the SEC to deregister the Endurance Securities and suspend Endurance's reporting obligations under Sections 13 and 15(d) of the Exchange Act.

Item 3.03. Material Modifications to Rights of Security Holders.

To the extent required by Item 3.03 of Form 8-K, the disclosure set forth in the Introductory Note of this Current Report on Form 8-K is incorporated herein by reference.

Item 5.01. Changes in Control of Registrant.

To the extent required by Item 5.01 of Form 8-K, the disclosure set forth in the Introductory Note of this Current Report on Form 8-K is incorporated by reference in this Item 5.01. As a result of the Business Combination, Endurance became a wholly owned subsidiary of SatixFy.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with the consummation of the Business Combination, the following officers and directors of Endurance ceased to hold their respective positions: Chandra R. Patel ceased to be Chairman; Richard C. Davis ceased to be Chief Executive Officer and Director; Romeo A. Reyes ceased to be Chief Financial Officer; and the following individuals also ceased to be directors: Gary D. Begeman, Henry E. Dubois and Michael Leitner.

Pursuant to the terms of the Business Combination Agreement, effective upon the consummation of the Business Combination, the director and officer of Merger Sub immediately prior to the consummation of the Business Combination continued as the director and officer of the Surviving Company.

Item 7.01 Regulation FD Disclosure.

On October 27, 2022, Endurance and SatixFy issued a press release announcing the consummation of the Business Combination. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.




Item 8.01 Other Events.

On October 23, 2022, Endurance received from the Israeli Tax Authority (the "ITA") a tax ruling (the "Tax Ruling"), which provided, among other things, the following (subject to customary conditions regularly associated with such a ruling):

(i) Israeli taxation of the exchange of the share capital of Endurance held by

a shareholder of Endurance who held less than five percent (5%) of the

share capital of Endurance (a "Transferring Shareholder") for SatixFy

ordinary shares will be deferred until the actual sale of the SatixFy

ordinary shares;

(ii) the exchange of Endurance warrants held by Transferring Shareholders for

SatixFy warrants will not be a taxable event in Israel; and

(iii) SatixFy is not required to withhold Israeli tax on any consideration paid


       to the Transferring Shareholders.

The main conditions, limitations and restrictions under the Israeli Income Tax Ordinance (New Version), 5721-1961, that were imposed with respect to the Tax Ruling were as follows:

(1) the ratio between the market value of the transferred Endurance ordinary


     shares and the market value of the combined group immediately after the
     exchange of shares needed to be equal to the ratio between the market value
     of the issued SatixFy ordinary shares and the market value of all rights in
     the combined group immediately after the exchange of shares;

(2) the SatixFy ordinary shares issued to all of the transferors were to grant

equal rights to all of such transferors; and

(3) all of the shares and all of the rights of a transferor (and of parties


     associated with it) to purchase shares in Endurance were to be transferred as
     part of the exchange of shares.

Endurance believes that each of the foregoing conditions, limitations and restrictions that were imposed by the ITA with respect to the Tax Ruling were complied with as part of the consummation of the Business Combination, and that the Tax Ruling may be relied upon.

The foregoing summary of the Tax Ruling does not purport to be complete and is subject to and is qualified in its entirety by reference to the Tax Ruling, which is filed as Exhibit 99.2 hereto, the terms of which are incorporated herein by reference.

On October 27, 2022, Sensegain Prodigy Cayman Fund SP3 ("Sensegain") defaulted on its commitment to purchase units it had subscribed for in connection with the PIPE financing pursuant to that certain Unit Subscription Agreement (the "Subscription Agreement"), dated as of March 8, 2022. As a result of the default, out of the $29.1 million previously committed by subscribers pursuant to the Subscription Agreements, SatixFy received $20 million in proceeds from the PIPE financing. SatixFy has notified Sensegain of its intention to enforce Sensegain's obligations under its Subscription Agreement.

Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K, and on the current expectations of SatixFy's and Endurance's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of SatixFy and Endurance. These forward-looking statements are subject to a number of risks and uncertainties, including the risk that SatixFy and its current and future collaborators are unable to successfully develop and commercialize SatixFy's products or technologies, including the compact electronically steered multi-beam array designed for mobility services, or experience significant delays in doing so; the ability for SatixFy or its collaborators to obtain the necessary approvals and certifications for SatixFy's products and technologies; the ability for SatixFy or its collaborators to achieve milestones under the ESA Sunrise Partnership Project; potential design flaws or performance issues in SatixFy's products and technologies that may not be discovered or discoverable during product trials and demonstrations; the outcome of any legal proceedings that may be instituted against SatixFy or Endurance, the Surviving Company or others following the announcement of the Business Combination; the ability to meet stock exchange listing standards following the consummation of the Business Combination; the risk that the Business Combination disrupts current plans and operations of SatixFy as a result of the announcement and consummation of the Business Combination; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees and the execution of the CEO transition plan; costs related to the Business Combination; changes in applicable laws or regulations; SatixFy's estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; any downturn or volatility in economic conditions; the effects of COVID-19 or other epidemics; changes in the competitive environment affecting SatixFy or its customers, including SatixFy's inability to introduce new products or technologies; the impact of pricing pressure and erosion; supply chain risks; risks to SatixFy's ability to protect its intellectual property and avoid infringement by others, or claims of infringement against SatixFy; the possibility that SatixFy or Endurance may be adversely affected by other economic, business and/or competitive factors; SatixFy's estimates of its financial performance; risks related to the fact that SatixFy is incorporated in Israel and governed by Israeli law; the factors disclosed in the Registration Statement under the heading "Risk Factors"; and those factors discussed in Endurance's final prospectus dated September 14, 2021 and Annual Report on Form 10-K for the fiscal year ended December 31, 2021, in each case, under the heading "Risk Factors," and other documents of Endurance filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither SatixFy nor Endurance presently know or that SatixFy and Endurance currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SatixFy's and Endurance's expectations, plans or forecasts of future events and views as of the date of this Current Report on Form 8-K. SatixFy and Endurance anticipate that subsequent events and developments will cause SatixFy's and Endurance's assessments to change. However, while SatixFy and Endurance may elect to update these forward-looking statements at some point in the future, SatixFy and Endurance specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing SatixFy's and Endurance's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



  99.1     Press Release, dated as of October 27, 2022.
  99.2     English translation of tax ruling received by Endurance from the
         Israeli Tax Authority related to the Business Combination with
         SatixFy.
104      Cover Page Interactive Data File (embedded within the Inline XBRL
         document)

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