Core Viewpoint - SEALSQ Corp has announced a securities purchase agreement to raise $25 million through the sale of 13,157,896 ordinary shares at a price of $1.90 per share, aimed at funding its next-generation post-quantum semiconductor technology and supporting working capital [2][3]. Group 1: Offering Details - The offering is expected to close on or about December 17, 2024, subject to customary closing conditions [3]. - Maxim Group LLC is acting as the sole placement agent for the offering [3]. - The offering is made under an effective shelf registration statement previously filed with the SEC [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the deployment of post-quantum semiconductor technology, ASIC capabilities, working capital, and general corporate purposes [3]. Group 3: Company Overview - SEALSQ focuses on developing and selling integrated solutions based on semiconductors, PKI, and post-quantum technology hardware and software products [6]. - The company's solutions are applicable in various sectors, including multi-factor authentication, smart energy, healthcare, IT network infrastructure, automotive, and industrial automation [6]. Group 4: Post-Quantum Cryptography - Post-Quantum Cryptography (PQC) aims to create cryptographic methods secure against quantum computer attacks, addressing vulnerabilities in current methods like RSA and ECC [7].
SEALSQ Announces Pricing of $25.0 Million Registered Direct Offering Priced Above Market Under NASDAQ Rules