Core Viewpoint - SEALSQ Corp has announced a total of $200 million in offerings, including a registered offering of $94.8 million and a concurrent private placement of $105.2 million, aimed at advancing its Post-Quantum and Quantum technology initiatives [2][3][4]. Group 1: Offerings Details - The Registered Offering includes 12,640,000 ordinary shares priced at $7.50 each [3]. - The Private Offering consists of pre-funded warrants for 14,026,666 ordinary shares and Class D warrants for up to 53,333,332 ordinary shares, also at a price of $7.50 [3]. - The Class D warrants will have an exercise price of $9.25 per ordinary share, are immediately exercisable, and will expire seven years after issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offerings will be used to enhance SEALSQ's cash position and accelerate its commercialization roadmap for Post-Quantum and Quantum technologies in the U.S. [4][5]. - The company expects to achieve a pro-forma cash position of approximately $400 million following the offerings [4]. Group 3: Company Overview - SEALSQ is focused on developing Post-Quantum technology hardware and software solutions, integrating semiconductors, PKI, and provisioning services [9]. - The company aims to address security challenges posed by quantum computing through its innovative semiconductor solutions [10]. - SEALSQ's products are designed to protect sensitive data across various applications, including healthcare, defense, and industrial automation [10].
SEALSQ Announces Pricing of $200.0 Million Registered Direct Offering & Concurrent Private Placement of Ordinary Shares and Warrants