24/7 Market News Snapshot 13 Aug 2024 – WISeKey International Holding AG American Depositary Shares (NASDAQ: WKEY)

August 13, 2024 11:25

Press Release

DENVER, Colo., 13 August, 2024 (247marketnews.com) – (Nasdaq:WKEY) are discussed in this article.
WISeKey International Holding AG experienced a notable surge today, with its stock opening at $2.51 and climbing to $3.10, reflecting a 24.17% increase from its opening price. This strong upward movement followed a previous session close at $2.50, underscoring significant market momentum. Robust trading volume at 1.1 million shares indicates heightened investor interest and suggests sustained activity. The pronounced price appreciation highlights positive market sentiment and possibly optimistic expectations about the company’s future.

Simultaneously, WISeKey announced securing a substantial $50 million commitment from GEM Digital Limited to propel the SEALCOIN project. SEALCOIN AG, a Special Purpose Vehicle (SPV) created by WISeKey, will use this investment to advance its decentralized physical infrastructure network (DePIN). By integrating Hedera Distributed Ledger Technology (DLT) and innovative smart contracts, this project aims to revolutionize decentralized technology, enhancing security and efficiency across sectors.

WISeKey’s Founder and CEO, Carlos Moreira, emphasized the importance of the partnership, noting, “We are thrilled to receive such a substantial financial commitment from GEM Digital Limited. This partnership not only validates the potential of our SEALCOIN project but also accelerates our efforts to lead in the decentralized technology space.”

SEALCOIN AG is set to become a transformative force in the decentralized technology sphere, providing innovative solutions to critical security challenges. The commitment from GEM Digital underscores trust in WISeKey’s strategic vision and technological advancements.

The announcement represents more than financial backing; it signifies a strategic alliance dedicated to fostering innovation and driving significant technological progress. With this backing, WISeKey and SEALCOIN AG are well-positioned to lead in developing advanced decentralized solutions, contributing to the broader movement towards a more secure, interconnected future.

For further details, visit WISeKey’s official website.

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 Market News, Inc Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.