Seraphim Space Investment Share Discussion Threads

[quepassa] 21/9/2021 15:31

Indeed.

Up 25% since summer IPO.

The FT Money Week article dated 16th. July was, in my opinion only, wide of the mark .

With an early seat at the top table for Space Tech opportunities, Seraphim looks like a great vehicle to catch what will clearly become a major rising sector.

ALL IMO. DYOR.
QP

[j4ckthehat] 21/9/2021 15:10

Was thinking this was about to have a down day today. Brilliant performance

[quepassa] 15/9/2021 07:03

now 20% up on IPO price.

good performance

strong against a bumpy market.

all imo. dyor.
qp

[pinemartin9] 13/9/2021 14:08

A little out of date but worth looking at: hxxps://www.nanalyze.com/2021/07/review-seraphim-space-investment-trust/

[pinemartin9] 13/9/2021 14:08

A little out of date but worth looking at: hxxps://www.nanalyze.com/2021/07/review-seraphim-space-investment-trust/

[jonwig] 09/9/2021 07:27

Completion of Spire Global acquisition:

In accordance with the relevant sale and purchase agreement entered into at the time of the IPO, the Company has acquired for cash 1,105,520 shares in Spire valued at $10.2m and the partners of the Seraphim Space Fund have used all of this cash to subscribe for 7,418,890 new ordinary shares in the Company at a price of 100p per share. These new ordinary shares rank pari passu with the existing ordinary shares in issue. The valuation is based on the volume-weighted average price per share for the interests owned by the Seraphim Space Fund in Spire for the five days trading from and including the date of Spire's listing.

The SPIR shares are currently $11.22 (mid) so the valuation is $12.4m (17% rise). SSIT now holds around 4% of SPIR.The Space Fund bought SSIT shares at a 17% discount.

I believe the lock-in period is part 12 months, part 24 months, part 36 months. (Prospectus p91.)

Speculative question - will there be a further share issue soon?

[jonwig] 07/9/2021 13:24

Thank you. Your [...] is caused by trying to link a url which our hosts disapprove of!

Is this related? It's today:

[justnathan] 07/9/2021 13:11

The second of the four Residual Assets to complete a SPAC merger - British-born Quantum Security business Arqit - has now completed its' SPAC merger and started trading, so it will be transferred into the Investment Trust, presumably over the next few weeks.

Arqit now trades on NASDAQ with the ticker ARQQ.

[...]

[freddie ferret] 03/9/2021 20:00

Chart is interesting.

[jonwig] 01/9/2021 09:14

From Monday -

Gaithersburg, Maryland, August 31, 2021-
Edgybees, the leading provider of precise, real-time geo-registration and actualization of aerial video and images, announced today that it has been selected as a finalist in the 2021 USGIF Innovative Tradecraft Competition. The competition recognizes innovative and useful geospatial intelligence (GEOINT) solutions that address mission problems through visualization, data sharing, and interoperability. Edgybees is one of just four companies selected to present on the main stage at the annual GEOINT Symposium.

[jonwig] 01/9/2021 09:12

From 17 August:

AST SpaceMobile Posts First Set of Financial Results Ahead of Prototype Launch

[mach100] 24/8/2021 19:12

Long ago Cs with a NPV of A* :)

[spectoacc] 23/8/2021 05:42

Ah but recent C's, or long-ago C's? Makes a difference ;)

[mach100] 22/8/2021 21:09

Yeah. I would imagine you would save some money on nails as no need to hang up the artwork due to zero gravity. Disclaimer. 2 GCSE C's in Art and Science but DYOR!

[hazl] 22/8/2021 14:07

Shows it's all happening!

[hazl] 22/8/2021 14:07

We know somebody who has had their art work accepted for the first art gallery in space!

[jonwig] 18/8/2021 06:11

Spire RNS:

pleased to announce that Spire Global, Inc. ("Spire"), a leading provider of space-based data, analytics and space services, has today completed its proposed merger via a SPAC with NavSight Holdings, Inc. (NYSE: NSH, "NavSight"). The combined company has been renamed "Spire Global, Inc." and its shares have commenced trading on the New York Stock Exchange on 17 August 2021, under the ticker symbol "SPIR" for Spire common stock.

As announced at the time of Seraphim Space's IPO, Seraphim Space LP's shareholding in Spire was awaiting transfer into Seraphim Space, pending completion of this transaction. Transfer is expected by end of August 2021 at which time a further announcement will be made.

Terms of the transfer are detailed in the prospectus (p28, p54). Issue of new ordinary shares to the fund partners at 100p is involved.

[justnathan] 14/8/2021 07:48

Thanks Jon,

It will trade on the NYSE with the ticker SPIR.

British Quantum Technology Security company Arqit is next, with its SPAC vote on 31st August.

[jonwig] 14/8/2021 06:58

Good spot, Nathan, no I hadn't seen it! Thanks.

the IPO was planned in March, and finally happened yesterday via a SPAC. Now NavSight Holdings, Inc. (NSH):

https://finance.yahoo.com/quote
/NSH/

[Incidentally, you get a clickable link by capitalising one of H T T P, eg.

[justnathan] 14/8/2021 06:25

The sharp-eyed amongst you may have noticed that SPIRE Global, the first of the remaining four assets to transfer from the former Venture Capital fund, has just formally approved its SPAC merger and will be listed on 16th August. So the shares will be transferred from the fund to the Investment Trust soon I guess. These four Residual Assets were described in the prospectus. Another great holding for the Investment Trust.

I think the pre-money valuation is $1.2bn and new funds of $265m were raised in the transaction.

hxxps://www.businesswire.com/news/home/20210813005388/en/NavSight-Holdings-Inc.-Shareholders-Approve-Business-Combination-with-Spire-Global

hxxps://spire.com/

[freddie ferret] 07/8/2021 22:57

Gorn up again.

[jonwig] 07/8/2021 10:27

And this week from Altitude Angel:

Altitude Angel & JALUX Partner to Advance UTM Deployment Across Japan & Asia Pacific.
"Altitude Angel, the world’s most trusted UTM (Unified Traffic Management) technology provider, today announced ...":

[jonwig] 07/8/2021 10:25

This looks good, from yesterday:

New Zealand and LeoLabs sign multiyear deal for Space Regulatory platform.



NZ is an important centre for space tech as well as being a Five Eyes member. This sort of contract should be significant. (Note the comments at the end of the article.)

[pinemartin9] 07/8/2021 08:23

It's been steady progress here. Will be interesting to see when we get the first update.