Satixfy Communications announces NYSE acceptance of plan to regain compliance

SatixFy Communications announced that it received written notice from the NYSE American stating that it has reviewed the company’s January 5 plan of compliance addressing how it intends to regain compliance with certain NYSE American continued listing standards and determined to accept the plan and grant a plan period for targeted completion of the Plan through May 30, 2025. The plan is based in part on expected upcoming business progress and technological development, including potential positive announcements it expects to report of new customers and new orders that it believes should evidence that its valuation should be higher. The NYSE American will review the company periodically for compliance with the initiatives outlined in the plan.