9th Oct 2026 11:23
Seraphim Space Investment Trust PLC - London-based investor in 'SpaceTech' companies - Says satellite navigation company Xona Space Systems Inc has completed a new financing round, with Seraphim investing USD15 million through its C share portfolio. Xona is now Seraphim's second-largest portfolio holding, as the financing materially increased the fair value of its holding by approximately GBP52.2 million or 22.0p per ordinary share. Seraphim expects the uplift to be "substantially" reflected in its portfolio valuation as at September 30. Read More