Seraphim

The shares of Seraphim Space Investment Trust plunged more than 16% on Monday after the company announced a capital increase. The plan is to issue new C shares in a placing and an offer to retail investors at 100 pence per share. The investment trust aims to raise around £350 million through the move. » Plus sur de.investing.com

Seraphim Space Investment Trust will offer new C shares to retail investors via RetailBook at £1.00 per share; the retail offer runs in parallel with an institutional placing. Both offers are subject to shareholder approval at the general meeting on 6 May 2026, and admission and commencement of trading of the C shares on the main market are expected on 12 May 2026. The retail offer closes on 6 May 2026 at 12:00, the minimum subscription is £250, and net proceeds are intended to be invested in further SpaceTech investments; C shares will be accounted for separately and converted quarterly into ordinary shares based on NAV once investment thresholds are met. » Plus sur de.investing.com

As a publicly listed trust, Seraphim provides access to private space-tech holdings and is heavily focused on ISR applications. Much of the upside potential hinges on its roughly 5% stake in ICEYE; in scenarios with strong revenue and EBITDA growth that stake could largely justify Seraphim’s current market value. Conservative model estimates see about 20–25% near-term upside, while a wider re-rating could allow 60–70%. Investors should note the high concentration in a few positions, illiquid valuations and the resulting volatility. » Plus sur de.investing.com