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Seraphim Space Investment Trust Plc ( (GB:SSIT) ) has provided an update.
Seraphim Space Investment Trust has raised approximately £137 million through an issue of 136.5 million C Shares at 100 pence each, marking the largest fundraising by a UK investment company since 2023. The capital was secured via a placing, a direct institutional subscription and a retail offer, with strong participation from existing and new investors across institutional and retail channels.
The proceeds will be deployed into a pipeline of pre-identified early and growth-stage SpaceTech investments, reinforcing Seraphim’s positioning as a leading global specialist in the sector. The new C Shares will list on the London Stock Exchange, carry full voting rights and convert periodically into ordinary shares, increasing the company’s total voting rights to 373.7 million and broadening its capital base for further expansion in the rapidly growing space domain.
Spark’s Take on SSIT Stock
According to Spark, TipRanks’ AI Analyst, SSIT is a Neutral.
The score is held back primarily by weak cash-flow quality and highly volatile, valuation-driven earnings despite a very strong (debt-free) balance sheet. Technicals are supportive with a clear uptrend and positive momentum, but valuation inputs are not supportive based on the provided P/E and missing dividend yield.
To see Spark’s full report on SSIT stock, click here.
More about Seraphim Space Investment Trust Plc
Seraphim Space Investment Trust is the world’s first listed fund dedicated to SpaceTech, investing mainly in early and growth-stage private space technology companies. Its portfolio targets firms with global leadership potential and first-mover advantages in areas such as climate, communications, mobility and cyber security, and its shares trade on the London Stock Exchange’s Main Market.
Average Trading Volume: 2,027,672
Technical Sentiment Signal: Buy
For a thorough assessment of SSIT stock, go to TipRanks’ Stock Analysis page.