Skip to main content

Small Cap Pops Premarket Following Acquisition Announcement

AllPennyStocks.com - AllPennyStocks.com - Tue Apr 1, 2025
Small Cap Pops Premarket Following Acquisition Announcement

An Illinois-based tech company is turning heads so far during Tuesday’s premarket after it was announced that MDA Space will acquire the company in an all-cash transaction for $193 million. 

Seeing that this small cap closed with a market cap of just under $100 million on Monday, it’s no wonder traders rushed to buy up shares of SatixFy Communications Ltd. (NYSE American:SATX) this morning, with shares currently bid at $1.98/share (+65.00% implied open for sellers) at the time of writing.

SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services. SatixFy Communications Ltd. was founded in 2012 and is headquartered in Rehovot, Israel.

Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

View more of this article on AllPennyStocks.com.

About AllPennyStocks.com Media, Inc.:

Founded in 1999, AllPennyStocks.com is one of North America’s leading platforms for micro-cap insights.

Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders.

AllPennyStocks.com is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.

Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today.

Contact:

AllPennyStocks.com Media, Inc.

Email: ads@allpennystocks.com

Phone: (800) 558-4560 Ext: 101

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).