SEALSQ Announces Pricing of $20.0 Million Registered Direct Offering
Summary
Geneva, Switzerland, May 5, 2025 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 10,000,000 ordinary shares at a public offering price of $2.00 per ordinary share, for gross proceeds of $20.0 million (the Offering), before deducting commissions and offering expenses.Maxim Group LLC is acting as the sole placement agent for the Offering.SEALSQ currently intends to utilize the net proceeds from the Offering to fund its planned strategic investment in the Quantix EdgeS joint venture, support the intended acquisition of IC ALPS, the continued deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States and for general corporate purposes. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.