SEALSQ Corp Completes Registered Direct Offer to Institutional Investors

Geneva, Switzerland, Dec. 19, 2024 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES), a company specializing in developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, announced today that it has successfully completed a registered direct offer to several institutional investors. The offer consisted of 13,157,896 ordinary shares at a public offering price of $1.90 per share, resulting in gross proceeds of $25.0 million.

This recent Offering adds to the total gross proceeds of $60.0 million raised this week through various financings. The Company has stated that it does not anticipate any further registered direct offerings of ordinary shares for the next 60 days, based on the funds raised.

Impact on Individuals

For individual investors, the completion of this direct offer may not have a direct impact as the offering was targeted towards institutional investors. However, the successful fundraising could indicate positive growth and future opportunities for the company, which may indirectly benefit individual shareholders in the long term.

Global Impact

On a global scale, SEALSQ Corp’s successful completion of the registered direct offer demonstrates investor confidence in the company’s products and technologies. This influx of capital can potentially fuel innovation and technological advancements in the semiconductor and Post-Quantum technology sectors, ultimately impacting the global tech industry.

Conclusion

SEALSQ Corp’s completion of the registered direct offer to institutional investors marks a significant milestone for the company. The raised funds provide a strong financial foundation for future growth and development, positioning the company for potential advancements in the semiconductor and Post-Quantum technology markets.