SEALSQ Announces Pricing of $25.0 Million Registered Direct Offering Priced Above Market Under NASDAQ Rules
SEALSQ Corp (NASDAQ: LAES) has announced a $25.0 million registered direct offering through a securities purchase agreement with institutional investors. The offering consists of 13,157,896 ordinary shares priced at $1.90 per share, with Maxim Group serving as the sole placement agent.
The company plans to use the net proceeds to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. The offering is expected to close around December 17, 2024, subject to customary closing conditions, and is being made through an effective shelf registration statement previously filed with the SEC.
SEALSQ Corp (NASDAQ: LAES) ha annunciato un offerta diretta registrata di 25,0 milioni di dollari attraverso un accordo di acquisto di titoli con investitori istituzionali. L'offerta consiste in 13.157.896 azioni ordinarie a un prezzo di 1,90 dollari per azione, con Maxim Group che funge da esclusivo agente di collocamento.
L'azienda prevede di utilizzare il ricavato netto per finanziare il dispiegamento della sua tecnologia di semiconduttori post-quantum di prossima generazione e le capacità ASIC negli Stati Uniti, per sostenere il capitale circolante e per scopi aziendali generali. Si prevede che l'offerta si chiuda intorno al 17 dicembre 2024, soggetta a condizioni di chiusura abituali, ed è effettuata attraverso una dichiarazione di registrazione efficace già depositata presso la SEC.
SEALSQ Corp (NASDAQ: LAES) ha anunciado una oferta directa registrada de 25.0 millones de dólares a través de un acuerdo de compra de valores con inversores institucionales. La oferta consiste en 13.157.896 acciones ordinarias a un precio de 1.90 dólares por acción, con Maxim Group actuando como el único agente de colocación.
La empresa planea utilizar los ingresos netos para financiar el despliegue de su tecnología de semiconductores post-cuánticos de próxima generación y capacidades ASIC en los Estados Unidos, apoyar el capital de trabajo y para fines corporativos generales. Se espera que la oferta cierre alrededor del 17 de diciembre de 2024, sujeta a condiciones de cierre habituales, y se realiza a través de una declaración de registro efectiva previamente presentada ante la SEC.
SEALSQ Corp (NASDAQ: LAES)는 2,500만 달러의 등록 직접 공모를 기관 투자자들과의 증권 구매 계약을 통해 발표했습니다. 이번 공모에는 13,157,896주의 보통주가 포함되며, 주당 가격은 1.90달러입니다. Maxim Group이 단독 배치 에이전트로 활동합니다.
회사는 순매출을 사용하여 미국에서 차세대 포스트 양자 반도체 기술 및 ASIC 기능의 배치를 지원하고, 운영 자본을 지원하며, 일반 기업 용도로 사용할 계획입니다. 이번 공모는 2024년 12월 17일 경에 마감될 예정이며, 통상적인 마감 조건에 따릅니다. SEC에 이전에 제출된 유효한 선 등록 성명을 통해 이루어집니다.
SEALSQ Corp (NASDAQ: LAES) a annoncé une offre directe enregistrée de 25,0 millions de dollars via un accord d'achat de valeurs mobilières avec des investisseurs institutionnels. L'offre consiste en 13 157 896 actions ordinaires au prix de 1,90 dollar par action, Maxim Group agissant en tant qu'agent de placement exclusif.
L'entreprise envisage d'utiliser le produit net pour financer le déploiement de sa technologie de semi-conducteurs post-quantique de nouvelle génération et ses capacités ASIC aux États-Unis, soutenir le fonds de roulement et à des fins d'entreprise générales. Il est prévu que l'offre se clôture aux alentours du 17 décembre 2024, sous réserve de conditions de clôture habituelles, et se fait par le biais d'une déclaration d'enregistrement de shelf valide déjà déposée auprès de la SEC.
SEALSQ Corp (NASDAQ: LAES) hat ein registriertes Direktangebot in Höhe von 25,0 Millionen US-Dollar durch einen Wertpapierkaufvertrag mit institutionellen Investoren angekündigt. Das Angebot umfasst 13.157.896 Stammaktien, die zu einem Preis von 1,90 US-Dollar pro Aktie angeboten werden, wobei Maxim Group als alleiniger Platzierungsagent fungiert.
Das Unternehmen plant, die Nettoerlöse zur Finanzierung der Einführung seiner nächsten Generation von post-quanten Halbleitertechnologie und ASIC-Funktionen in den Vereinigten Staaten zu verwenden, um das Betriebskapital zu unterstützen und allgemeine Unternehmenszwecke zu decken. Es wird erwartet, dass das Angebot um den 17. Dezember 2024 abgeschlossen wird, vorbehaltlich üblicher Abschlussbedingungen, und erfolgt durch eine zuvor bei der SEC eingereichte wirksame Shelf-Registrierungserklärung.
- Secured $25.0 million in gross proceeds through registered direct offering
- Offering priced at $1.90 per share, above market under NASDAQ rules
- Funds allocated for next-generation post-quantum semiconductor technology development
- Potential dilution of existing shareholders through issuance of 13,157,896 new ordinary shares
Insights
This
The timing aligns with growing market interest in quantum-resistant security solutions, though the dilution impact is substantial given SEALSQ's market cap of around
The capital injection comes at a critical time as the semiconductor industry races to develop post-quantum cryptography solutions. SEALSQ's focus on expanding ASIC capabilities indicates a strategic move toward custom semiconductor solutions, which could provide competitive advantages in specific applications. The investment in US-based operations suggests alignment with growing national security concerns and domestic semiconductor manufacturing initiatives.
The development of post-quantum technology hardware is particularly relevant as quantum computing threats to current cryptographic systems become more tangible. This funding could accelerate SEALSQ's transition from traditional PKI to quantum-resistant solutions, though successful execution and market timing will be important factors in determining the return on this investment.
Geneva, Switzerland , Dec. 16, 2024 (GLOBE NEWSWIRE) --
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 13,157,896 ordinary shares at a public offering price of
Maxim Group LLC is acting as the sole placement agent for the Offering.
SEALSQ currently intends to utilize the net proceeds from the Offering to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, to support working capital and for general corporate purposes. The Offering is expected to close on or about December 17, 2024 (the “Closing Date”), subject to the satisfaction of customary closing conditions.
The Offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-283358) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 27, 2024. A prospectus supplement relating to the securities to be issued in the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or by telephone at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About SEALSQ:
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, 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 anticipates 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 implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; 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.
Press and Investor Contacts
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
Katie Murphy
Tel: +212 836-9612 / kmurphy@equityny.com
FAQ
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