Core Viewpoint - SEALSQ Corp has announced a securities purchase agreement to raise approximately $60 million through the sale of ordinary shares and warrants, aimed at advancing its Post-Quantum and Quantum technology initiatives [2][3][4]. Group 1: Offering Details - The offering will consist of 15,000,000 ordinary shares priced at $4.00 each, along with warrants to purchase an additional 30,000,000 shares at an exercise price of $4.60 [2]. - The offering represents a premium of about 10% over SEALSQ's closing stock price on July 11, 2025 [2]. - The expected gross proceeds from the offering are approximately $60 million before deducting commissions and expenses [2][4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance SEALSQ's Post-Quantum and Quantum roadmap, support strategic acquisitions, and for general corporate purposes [3][4]. - SEALSQ anticipates a pro-forma cash position of approximately $170 million post-offering, which will provide a solid foundation for future growth [3]. Group 3: Company Overview - SEALSQ is focused on developing and selling semiconductors, PKI, and Post-Quantum technology hardware and software products [2][7]. - The company is pioneering Post-Quantum Semiconductors designed to protect sensitive data across various applications, including healthcare, defense, and automotive sectors [8][9]. - SEALSQ aims to address security challenges posed by quantum computing through its advanced cryptographic solutions [7][9].
SEALSQ Announces Pricing of $60.0 Million Registered Direct Offering