SERAPHIM SPACE INVESTMENT TRUST PLC
(the "Company" or "SSIT")
C Share Portfolio Investment in Skylo
Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed SpaceTech investment company, announces that it has invested a further $23.1 million (£17.5 million) in existing portfolio company, Skylo Technologies Inc. ("Skylo"). The investment has been funded using the proceeds of the Company's £137 million C Share issue.
Skylo is a trusted connectivity partner to leading mobile network operators, device manufacturers and chipset providers. Through its software-defined non-terrestrial network platform and technologies, Skylo enables seamless connectivity across terrestrial and satellite networks, extending coverage for consumers and enterprises beyond the reach of traditional mobile infrastructure and supporting more resilient communications.
Andre Ronsoehr, Investment Partner at Seraphim Space Manager LLP, commented:
"We are pleased to make this further investment in Skylo, a company we first backed in 2023. Since then, non-terrestrial network connectivity has moved rapidly from a specialist capability towards becoming an integral part of the broader communications ecosystem.
Skylo’s strong management team and relationships across the communications ecosystem position the company well as terrestrial and non-terrestrial networks converge and direct-to-device connectivity grows. This additional investment reflects our conviction in Skylo and demonstrates SSIT’s ability to back promising businesses early and increase its exposure as they scale and mature."
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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)
Emma Kane / Clotilde Gros / George Esmond
+44 (0) 20 3757 6767
Deutsche Numis
Nathan Brown / Vicki Paine
+44 (0) 20 7545 8000
J.P. Morgan Cazenove
William Simmonds / Rupert Budge
+44 (0) 20 7742 4000
Ocorian Administration (UK) Limited
Lorna Zimny
+44 (0) 28 9078 5880
Notes to Editors
About Seraphim Space Investment Trust plc
Seraphim Space Investment Trust plc is the world's first listed investment company focused on SpaceTech. The Company seeks exposure predominantly to growth-stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first-mover advantages in areas such as climate, communications, mobility, cyber security and intelligence.
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