SEALSQ Announces Agenda of its 2025 Annual General Meeting of Shareholders

Rhea-AI Summary

SEALSQ, a NASDAQ-listed company (LAES) specializing in Semiconductors, PKI, and Post-Quantum technology, has announced its 2025 Annual General Meeting scheduled for May 19, 2025, at 9:00 AM EST in New York.

The Board recommends the re-election of seven current board members, including five non-executive directors, for one-year terms. Additionally, they propose adding Hossein Rahnama as a new non-executive director. The current board includes:

• Ruma Bose (non-executive)
• Cristina Dolan (non-executive)
• David Fergusson (non-executive)
• Joao Carlos Creus Moreira (executive)
• John O'Hara (executive)
• Eric Pellaton (non-executive)
• Peter Ward (non-executive)

Shareholders of record as of April 25, 2025, can attend in person or vote electronically. The meeting will cover financial performance, strategic initiatives, and future outlook.

Positive

• Strong board composition with majority non-executive directors (6 out of 8)
• Addition of new board member expanding expertise
• In-person AGM at prestigious location indicates strong corporate governance

Negative

• None.

Geneva, Switzerland, April 30, 2025 (GLOBE NEWSWIRE) --

SEALSQ Corp (“SEALSQ” or “the Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, is pleased to announce that its 2025 Annual General Meeting (“AGM”) of Shareholders will be held on May 19, 2025, at 09:00 a.m. Eastern Standard Time. The meeting will take place in person at Studio Gather, at 45 Rockefeller Plaza, 27th Floor, New York, New York 10020.

The SEALSQ Board of Directors recommends that shareholders approve the re-election of the current seven board members (five of whom will be non-executive directors), each for a one-year term extending until the conclusion of the 2026 AGM:

1. Ruma Bose (non-executive)
2. Cristina Dolan (non-executive)
3. David Fergusson (non-executive)
4. Joao Carlos Creus Moreira (executive)
5. John O’Hara (executive)
6. Eric Pellaton (non-executive)
7. Peter Ward (non-executive)
   
   

The SEALSQ Board of Directors further recommends that shareholders approve the election of a new member to the company’s Board of Directors as a non-executive director, for a one-year term extending until the conclusion of the 2026 AGM:

1. Hossein Rahnama (non-executive)
   
   

The Company believes that the election and re-election of these board members will continue to provide strong leadership and guidance to drive the Company's future success.

At the AGM, the Board of Directors will provide shareholders with a comprehensive overview of SEALSQ’s recent financial and operational performance, including key financial metrics and strategic initiatives. Additionally, the Board of Directors will outline the outlook of the Company, discuss growth prospects, market trends, and strategic objectives to ensure sustained value creation for shareholders.

Shareholders as of April 25, 2025 (“the Record Date”) will be entitled to attend and vote either in-person at the AGM, or by giving electronic or written voting instructions to their independent voting rights representative. Further details about the AGM, including proxy materials, voting instructions and reply card, will be provided to shareholders listed in the share register as having voting rights as of the Record Date. With this card, shareholders may appoint a proxy or vote at the AGM.

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lcati@equityny.com

FAQ

When is SEALSQ (LAES) 2025 Annual General Meeting and where will it be held?

SEALSQ's 2025 AGM will be held on May 19, 2025, at 9:00 AM EST at Studio Gather, 45 Rockefeller Plaza, 27th Floor, New York. Shareholders as of April 25, 2025 (Record Date) can attend in person or vote electronically.

How many board members are up for re-election at SEALSQ's 2025 AGM?

Seven current board members are up for re-election at SEALSQ's 2025 AGM, including five non-executive directors and two executive directors, each for a one-year term until the 2026 AGM.

Who is the new board member nominee for SEALSQ (LAES) in 2025?

Hossein Rahnama is nominated as a new non-executive director for SEALSQ's board, to serve a one-year term until the 2026 AGM if approved by shareholders.

What is the voting process for SEALSQ's 2025 Annual General Meeting?

Shareholders of record as of April 25, 2025, can vote either in-person at the AGM or by submitting electronic/written voting instructions through their independent voting rights representative using provided proxy materials.

What will be discussed at SEALSQ's 2025 AGM?

The AGM will cover SEALSQ's recent financial and operational performance, key financial metrics, strategic initiatives, growth prospects, market trends, and strategic objectives for shareholder value creation.