Press release
SEALSQ Announces Pricing of $20.0 Million Registered Direct Offering
Geneva, Switzerland, May 05, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, May 05, 2025 (GLOBE NEWSWIRE) -- 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. The Offering is expected to close on or about May 6, 2025 (the “Closing Date”), subject to the satisfaction of customary closing conditions. The Offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-286098) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on April 2, 2025. A prospectus supplement relating to the securities to be issued in the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at [email protected] or by telephone at (212) 895-3745. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semico...