Seraphim Space Investment Trust (LSE:SSIT), the world's first listed SpaceTech investment company, said it will deploy new proceeds into a number of advanced investment opportunities after issuing 136.51m C Shares at 100p to raise gross proceeds of approximately £137m.
The Issue comprised a £76.4m placing, a £15.1m direct subscription by an institutional investor and a £45m Retail Offer, and proceeds will be invested consistent with the trust's existing investment strategy.
"We look forward to deploying the proceeds of the Issue at pace into a portfolio of pre‑identified existing and new investment opportunities," said Mark Boggett, Chief Executive Officer of Seraphim Space and Investment Manager to Seraphim Space Investment Trust.
On Admission, the company's issued share capital will comprise 237.2m shares (excluding treasury) and 136.51m C Shares, the company will hold 2.19m shares in treasury, and total voting rights will be 373.71m, meaning the new C Shares represent 36.5% of the enlarged voting share capital.
Institutional and retail investors, including existing SSIT shareholders, supported the Issue, and J.P. Morgan Cazenove and Deutsche Numis acted as joint bookrunners.
