Arqit Limited SPAC Completion

RNS Number : 0028L

Seraphim Space Investment Trust PLC

07 September 2021

 

SERAPHIM SPACE INVESTMENT TRUST PLC

("Seraphim Space" or the "Company")

Arqit Limited SPAC Completion

Seraphim Space Investment Trust plc, a closed-ended investment company which invests in a diversified international portfolio of early and growth stage Space Tech businesses, is pleased to announce that Arqit limited ("Arqit"), a leader in quantum encryption technology, has today completed its proposed merger via a SPAC with   Centricus Acquisition Corp. (Nasdaq: CENH, CENHW, CENHU) ("Centricus"), a publicly traded special purpose acquisition company.

The combined company has been renamed Arqit Quantum Inc. and its shares have commenced trading on NASDAQ under the new ticker symbol "ARQQ" for Arqit common stock.  

As announced at the time of Seraphim Space's IPO, Seraphim Space LP's shareholding in Arqit was awaiting transfer into Seraphim Space, pending completion of this transaction.  A further announcement will be made once transfer has been effected.

- Ends -

Media Enquiries

Seraphim Space (Manager) LLP (via SEC Newgate)
Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough  

SEC Newgate (Communications advisers)                                        [e-mail]  
Emma Kane / Clotilde Gros / Bob Huxford                                                         [phone]
 

Deutsche Bank 
Mark Hankinson / Neil Collingridge / Neil Coleman                                       [phone]
 

J.P. Morgan Cazenove
William Simmonds / Jérémie Birnbaum / Rupert Budge  [phone]
 

Ocorian Administration (UK) Limited  [e-mail]  

Eimear Coleman / Peter Davidson                                                                         [phone]

  Notes to Editors

About Seraphim Space Investment Trust

Seraphim Space Investment Trust is the world's first listed fund focused on Space Tech. The Company seeks exposure predominantly to early and growth stage private financed Space Tech 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 listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4 million.  It currently has exposure to 15 Space Tech companies and has agreed to acquire investments in a further four companies by 31 December 2021 with a current estimated aggregate value of £70 million (subject to variation ahead of the acquisitions being completed) and issue shares with a corresponding value (at the IPO price) to the selling investors.

Seraphim Space Investment Trust is managed by Seraphim Space (Manager) LLP.

Further information is available at:  www.seraphim.vc

 

END

 

 

PFUUPUUUBUPGGGM