Acquisition of ALL.SPACE by York Space Systems

SERAPHIM SPACE INVESTMENT TRUST PLC (the "Company" or "SSIT")

Acquisition of ALL.SPACE by York Space Systems

Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed SpaceTech investment company, notes the announcement made by York Space Systems (NYSE: YSS) ("York") that it has entered into a definitive agreement to acquire SSIT's portfolio company, ALL.SPACE Limited ("ALL.SPACE"). York is a leading, US-based national defence and commercial prime providing a comprehensive suite of mission-critical solutions.

SSIT refers to York's announcement: (York Space Systems - York Space Systems to Acquire ALL.SPACE, Strengthening Assured, Multi-Domain Communications for Critical Missions)

The proposed acquisition is subject to regulatory approvals and customary closing conditions. SSIT will make a further announcement when additional details are publicly available.

The consideration will be satisfied through a combination of cash and York equity and, accordingly, the final value of the consideration cannot be determined until the transaction closes. SSIT does not currently expect the final value of the consideration to be materially different from the carrying value of ALL.SPACE reported in SSIT's interim results for the six months ended 31 December 2025 (which represented 15.9% of SSIT's NAV).

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About York Space Systems

York Space Systems (NYSE: YSS) is a leading, US-based national defence and commercial prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers. York is one of the only space and defence primes with proprietary hardware and software capabilities designed to address customers' complex mission requirements across the critical elements of the entire space ecosystem throughout the mission lifecycle. York is purpose built to address evolving national security space challenges and to adapt to the ongoing shift in the US government's mission needs and procurement processes.

About ALL.SPACE

ALL.SPACE was founded in 2013 with a vision to provide the solution to the challenges of multi-orbit communications. As the providers of the most advanced platforms for total communications convergence, ALL.SPACE is shaping the very future of defence operations with the world's first fully capable multi-link terminal, which connects seamlessly and simultaneously to all satellite and cellular networks. Having successfully delivered several development programmes with the European Space Agency, UK Space Agency, UK MOD and the US DOD, ALL.SPACE embodies the future of secure and resilient satellite communications. 

About Seraphim Space Investment Trust plc

Seraphim Space Investment Trust plc (the "Company") is the world's first listed fund 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 and cyber security.

The Company is listed on the Main Market of the London Stock Exchange.

Further information is available at: https://investors.seraphim.vc.

About Seraphim Space Manager LLP

Seraphim Space Manager LLP ("Seraphim Space" or the "Manager") is based in the UK and manages Seraphim Space Investment Trust plc.

Further information is available at www.seraphim.vc