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Seraphim Space Investment Trust PLC - London-based investor in ’SpaceTech’ companies, such as space-based mobile phone connectivity - Stands to receive up to $54.4 million, about £40.7 million, in cash and shares from the acquisition of portfolio holding All.Space Ltd by York Space Systems Inc. Seraphim Space notes that this is above the £31.3 million that it invested into All.Space back in 2021 but below the £57.4 million fair value value assigned to the holding in Seraphim Space’s accounts as of March 31. The investment trust says this is due to the a decline in York’s share price to $22.92 in New York at the close of the deal from $34 when it was agreed in April. Were York’s price to recover to $34 by the time lock-up agreements for the deal expire, total consideration for Seraphim Space will be $68.1 million, or £50.9 million. All.Space develops satellite communications terminals, while York is a US defence contractor. Current stock price: 186.80 pence 12-month change: more than doubled from 76.80p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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