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Seraphim Space Investment Trust PLC - London-based investor in ’SpaceTech’ companies, such as space-based mobile phone connectivity - Raises £136.5 million in equity from issue of 136.5 million new C shares at 100 pence each. The equity raise was announced last month. Seraphim Space hadn’t announced a fundraising target at the time, but it asked a general meeting held on Wednesday this week for authority to issue up to 350 million shares. In the event, brokers Deutsche Numis and JP Morgan Securities place 76.4 million shares with institutional investors, another 15.1 million are taken in direct subscriptions by an institutional investor, and the remaining 45.0 million are purchased by retail investors via the RetailBook platform. In announcing the equity raise, Seraphim Space had said the funds will be deployed into its pipeline of investment opportunities, and the C shares will remain a separate share class during the deployment phase to reduce cash drag for existing shareholders. They will convert into ordinary shares at periodic intervals. ‘We are delighted by the breadth and depth of investor support for this C share issue, the largest fundraise by an investment company since 2023, with strong participation from both existing shareholders and new investors across the spectrum of endowment funds, institutions, family offices and wealth managers, alongside robust demand from retail investors,’ comments Chair Will Whitehorn. ‘This fundraise strengthens Seraphim as the global leader in SpaceTech investment.’ Current stock price: 237.93p, up 4.4% in London on Friday for £564.4 million market value 12-month change: more than quadrupled from 51.80p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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