New Space Tech Investment Trust launch over-subscribed

clock • 2 min read

Seraphim Space Investment Trust plc, a newly established closed-ended investment company which will invest Space Tech, has announced that it has successfully reached it subscription target. The company - which aims to invest in a diversified international portfolio of early and growth stage Space Tech businesses - has raised gross proceeds of approximately £178.4m pursuant to the Initial Issue of its ordinary shares. Mark Boggett, CEO of Seraphim Space, declared that Space is now "open for business" and no longer just the preserve for billionaires. "Seraphim Space Investment Trust ...

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