Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed SpaceTech investment company, announces its first quarter results for the three-month period ended 30 September 2023.

The full Q1 report can be found here. A summary is set out below.

Q1 Highlights

• Further £4.1m deployed, across two new investments and three follow-on investments.
• Portfolio valuation up £12.4m to £199.9m, driven by additional investments, unrealised fair value net gains and an unrealised FX gain.
• Main driver of underlying fair value increase was D-Orbit, reflective of a transaction that reached a conditional completion post period, pending regulatory approvals.
• Fair value weighted-average cash runway of private portfolio (98% of fair value) from 30 September 2023 is 18 months.
• 86% of fair value of private holdings has a cash runway to 30 September 2024 or beyond.
• Cash balance of £29.7m at 30 September 2023.

News in full

In the video below, CEO Mark Boggett outlines Seraphim’s Investment Strategy