SEALSQ Enters Second Registered Direct Offering Priced Above Market

December 17, 2024

DENVER, Colo., Dec 17, 2024 (247marketnews.com)- SEALSQ (NASDAQ: LAES) entered into a $25.0 million, before deducting commissions and offering expenses, securities purchase agreement, with several institutional investors, for 13,157,896 ordinary shares at a public offering price of $1.90.

The offering is SEALSQ’s second in less than week, as the Company entered into a $10.0 million, before deducting commissions and offering expenses, securities purchase agreement with several institutional investors for 7,692,308 ordinary shares, at a public offering price of $1.30, which was also above the market, at the time.

SEALSQ plans on utilizing the net offering proceeds to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and for general corporate purposes.

Today’s move follows yesterday’s announcement that SEALSQ integrated its Post-Quantum Cryptography (PQC) technology to secure electronic identities and documents via a strategic initiative, developed in collaboration with WISeID.COM developed by SEALSQ’s parent company, WISeKey International Holding (NASDAQ: WKEY).

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