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SEALSQ closes WISeSat.Space deal, buys 927K shares

A price-protection clause may add shares if WISeSat.Space's market price is below $10.79 on the 60th day after closing.

(Neutral)

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Form Type
6-K

Rhea-AI Filing Summary

SEALSQ Corp completed the WISeSat.Space business combination and its PIPE investment on October 1, 2026. In exchange for its SpaceAIQ shares, SEALSQ received 1,040,478 WISeSat.Space Ordinary Shares and 1,040,478 WISeSat.Space Class F Shares.

For the PIPE investment, WISeSat.Space issued SEALSQ 926,784 Ordinary Shares at $10.79 per share. The agreement rounds down fractional shares and provides for the related cash to be returned to SEALSQ. It may provide additional Ordinary Shares if WISeSat.Space's market price is below the purchase price on the 60th day after closing. SEALSQ is subject to customary lock-up restrictions following closing. Trading under SAIQ began on Nasdaq on October 2, 2026.

Ordinary Shares received in business combination 1,040,478 shares Received in exchange for SEALSQ's SpaceAIQ shares at the October 1, 2026 closing
Class F Shares received in business combination 1,040,478 shares Received in exchange for SEALSQ's SpaceAIQ shares at the October 1, 2026 closing
PIPE Ordinary Shares issued to SEALSQ 926,784 shares PIPE investment closed October 1, 2026
PIPE purchase price $10.79 per share Price for the Subscribed Shares
Price-protection review point 60th day after closing Additional shares may be issued if the market price is below the purchase price
Business Combination Agreement financial
"Business Combination Agreement dated as of November 9, 2025"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
PIPE Investment financial
"The PIPE Investment closed on October 1, 2026"
A pipe investment is a private sale of stock or convertible securities made directly to selected investors by a company that is already publicly traded, allowing the company to raise cash quickly without a full public offering. It matters to investors because it can dilute existing share value and change ownership stakes, but also signals that the company secured financing; like a homeowner taking a quick private loan to cover a repair, it can be a sign of needed funds or investor confidence.
price-protection mechanism financial
"includes a price-protection mechanism that may result in the issuance of additional"
lock-up restrictions financial
"subject to customary lock-up restrictions for a period following the closing"
A lock-up restriction is a temporary rule that prevents company insiders, early investors and employees from selling their shares for a set period after a public offering. It matters to investors because it limits how many shares can enter the market immediately—like a cooling-off period after a big sale—and when the restriction ends a large increase in available shares can put downward pressure on the stock price or reveal insiders’ confidence in the company.
fractional shares financial
"does not permit the issuance of fractional shares"
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What shares did LAES receive in the WISeSat.Space business combination?

At the October 1, 2026 closing, SEALSQ received 1,040,478 WISeSat.Space Ordinary Shares and 1,040,478 WISeSat.Space Class F Shares in exchange for its SpaceAIQ shares.

How many WISeSat.Space shares did LAES receive in the PIPE investment, and at what price?

WISeSat.Space issued SEALSQ 926,784 Ordinary Shares at a purchase price of $10.79 per share when the PIPE investment closed on October 1, 2026.

When can SEALSQ receive additional WISeSat.Space shares under the price-protection mechanism?

The agreement may result in additional WISeSat.Space Ordinary Shares being issued to SEALSQ if the market price is below $10.79 on the 60th day after closing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 6-K

 

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

 

For the month of October 2026

 

Commission File Number: 001-41709

 

 

 

SEALSQ CORP
(Exact Name of Registrant as Specified in Charter) 

 

 

 

N/A

(Translation of Registrant’s name into English)

 

 

 

British Virgin Islands  

Avenue Louis-Casaï 58

1216 Cointrin, Switzerland

  Not Applicable
(State or other jurisdiction of
incorporation or organization)
  (Address of principal executive office)   (I.R.S. Employer
Identification No.)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

☒ Form 20-F       ☐ Form 40-F

 

 

 

 

 

Completion of the WISeSat.Space Business Combination and SEALSQ PIPE Investment

 

On October 1, 2026, WISeSat.Space Holdings Corp., a British Virgin Islands company (“WISeSat.Space “), announced that the business combination among Columbus Acquisition Corp., a Cayman Islands exempted company (“CAC”), WISeSat.Space Corp., a British Virgin Islands business company d/b/a SpaceAIQ (“SpaceAIQ”), WISeSat.Space and SEALSQ Corp, a British Virgin Islands business company (“SEALSQ” or the “Company”), closed on that date (the “BCA Closing”), and commenced trading on the Nasdaq on October 2, 2026, under the ticker symbol “SAIQ.” The business combination was completed under the Business Combination Agreement dated as of November 9, 2025 (as amended, the “BCA”). The parties to the BCA are CAC, WISeSat.Space , WISeSat Merger Sub Corp. (“Merger Sub”), SpaceAIQ and WISeQey Corp. (formerly, WISeKey International Holding Ltd.) (“WISeQey”). SEALSQ, an affiliate of WISeQey, became a party to the BCA as a “Seller” through a Joinder Agreement dated December 12, 2025.

 

The Business Combination

 

In connection with the BCA Closing, SEALSQ received 1,040,478 WISeSat.Space Ordinary Shares and 1,040,478 WISeSat.Space Class F Shares in exchange for its shares of SpaceAIQ.

 

SEALSQ PIPE Investment

 

On August 6, 2026, SEALSQ entered into a subscription agreement (the “Subscription Agreement”) with WISeSat.Space and CAC. The terms of the Subscription Agreement were previously disclosed in the Company’s Report on Form 6-K furnished to the Securities and Exchange Commission on August 18, 2026.

 

The PIPE Investment closed on October 1, 2026, at the same time as the BCA Closing. The redemption price, and therefore the purchase price, was $10.79 per share. As a result, WISeSat.Space issued 926,784 WISeSat.Space Ordinary Shares to SEALSQ (the “Subscribed Shares”). The Subscription Agreement does not permit the issuance of fractional shares, so the number of Subscribed Shares was rounded down to the nearest whole share and the cash attributable to the fractional share is to be returned to SEALSQ.

 

The Subscription Agreement includes a price-protection mechanism that may result in the issuance of additional WISeSat.Space Ordinary Shares to SEALSQ if the market price is below the purchase price on the 60th day after closing. SEALSQ is also subject to customary lock-up restrictions for a period following the closing.

 

The above description of the Subscription Agreement is a summary only and is qualified in its entirety by the full text of the Subscription Agreement, which was filed as Exhibit 99.4 to the Company’s Report on Form 6-K furnished to the Securities and Exchange Commission on August 18, 2026 and is incorporated by reference herein.

 

The information contained in this Report on Form 6-K is hereby incorporated by reference into the registration statement on Form F-3 of the Company (File No. 333-290963), as amended, and the registration statement on Form S-8 of the Company (File No. 333-287139), and into the base prospectus and any prospectus supplement outstanding under each of the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Forward-Looking Statements

 

This Report on Form 6-K contains forward-looking statements, including statements about the commencement of trading of WISeSat.Space Ordinary Shares on the Nasdaq, the possible issuance of Additional Shares under the price-protection mechanism, and the application of lock-up restrictions. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include those described in SEALSQ’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. SEALSQ undertakes no obligation to update any forward-looking statement, except as required by law.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 2, 2026 SEALSQ CORP
     
  By: /s/ Carlos Moreira
  Name:  Carlos Moreira
  Title: Chief Executive Officer
     
  By: /s/ John O’Hara
  Name: John O’Hara
  Title: Chief Financial Officer

 

 

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