Spire Global SPAC Completion and Transfer

RNS Number : 9594I

Seraphim Space Investment Trust PLC

18 August 2021

 

18 August 2021

SERAPHIM SPACE INVESTMENT TRUST PLC

("Seraphim Space" or "the Company")

Seraphim Space Investment Trust plc, a closed-ended investment company which invests in a diversified international portfolio of early and growth stage Space Tech businesses, is 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.

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Media Enquiries

Seraphim Space (Manager) LLP (via SEC Newgate)
Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough  

SEC Newgate (Communications advisers)                                      [e-mail]  
Emma Kane / Clotilde Gros / Bob Huxford                                                         [phone]
 

Deutsche Bank 
Mark Hankinson / Neil Collingridge / Neil Coleman                                       [phone]
 

J.P. Morgan Cazenove
William Simmonds / Jérémie Birnbaum / Rupert Budge  [phone]
 

Ocorian Administration (UK) Limited  [e-mail]  

Eimear Coleman / Peter Davidson                                                                         [phone]

  Notes to Editors

About Seraphim Space Investment Trust

Seraphim Space Investment Trust is the world's first listed fund focused on Space Tech. The Company seeks exposure predominantly to early and growth stage private financed Space Tech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.

The Company listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4 million.  It currently has exposure to 15 Tech Space companies and has agreed to acquire investments in a further four companies by 31 December 2021 with a current estimated aggregate value of £70 million (subject to variation ahead of the acquisitions being completed) and issue shares with a corresponding value (at the IPO price) to the selling investors.

Seraphim Space Investment Trust is managed by Seraphim Space (Manager) LLP.

Further information is available at:  www.seraphim.vc

 

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