SEALSQ Corp sells 13,157,896 shares at $1.90 each, raising $25.0 million for technology deployment.

From GlobeNewswire: 2024-12-17 20:00:00

SEALSQ Corp (NASDAQ: LAES) has entered into a securities purchase agreement to sell 13,157,896 ordinary shares at $1.90 each, raising $25.0 million. The net proceeds will fund post-quantum semiconductor technology deployment in the U.S. and support working capital. The Offering is expected to close on December 19, 2024, subject to customary conditions. Maxim Group LLC is the sole placement agent for the Offering. SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI, and Provisioning services while developing Post-Quantum technology hardware and software products. Post-Quantum Cryptography aims to develop new cryptographic methods secure against quantum attacks.



Read more at GlobeNewswire: SEALSQ Announces Pricing of $25.0 Million Registered Direct