LONDON - Seraphim Space Investment Trust plc announced Monday it will offer new C Shares to retail investors at £1.00 per share through RetailBook’s platform.
The retail offer runs alongside an institutional placing announced earlier today. Both offerings are conditional on shareholder approval at a general meeting scheduled for May 6, 2026, according to a press release statement.
The C Shares are expected to be admitted to the Financial Conduct Authority’s Official List and begin trading on the London Stock Exchange’s main market at 8:00 a.m. on May 12, 2026. The retail offer will close at 12:00 p.m. on May 6, 2026, though the company may close it earlier at its discretion.
Investors can participate through RetailBook’s network of investment platforms, retail brokers and wealth managers. Applications can be made from ISAs, SIPPs or general investment accounts. The minimum subscription is £250 per investor, with no commission charged by RetailBook.
The offer is open to eligible investors resident and physically located in the United Kingdom. The company reserves the right to scale back or reject any application without providing a reason.
The company plans to use net proceeds to continue its investment strategy in the SpaceTech sector through its investment manager’s pipeline of opportunities. The C Shares will be accounted for and managed as a distinct pool of assets until converted into ordinary shares.
The company is proposing new articles of association to allow relevant portions of C Shares to convert into ordinary shares on a periodic basis, based on quarterly net asset values as proceeds are invested. Each conversion requires a minimum amount of proceeds to have been invested.
The offer is not being made in the United States, Australia, Canada, Japan, New Zealand, South Africa or any EEA member state. No prospectus has been or will be prepared for the retail offer.
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