SEALSQ Makes a Splash with Successful $25 Million Direct Offering!

Geneva, Switzerland, Dec. 19, 2024 (GLOBE NEWSWIRE)

Introduction

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 completed a registered direct offer to several institutional investors of 13,157,896 ordinary shares at a public offering price of $1.90, for gross proceeds of $25.0 million (the “Offering”), before deducting commissions and offering expenses. This brings the total gross proceeds from financings completed this week to $60.0 million, before deducting commissions and offering expenses. The Company confirms that, given the terms of the financings completed in the last week, it does not currently expect to enter into any further registered direct offering of ordinary shares for at least the next 60 days as a result of the funds raised.

With the successful completion of this direct offering, SEALSQ has not only raised significant capital but has also garnered interest from institutional investors. This infusion of funds will enable the company to further develop its products and technologies, expand its market reach, and strengthen its position in the industry.

Impact on Individuals

For individual investors, the successful direct offering by SEALSQ could present an opportunity to invest in a promising company within the semiconductor and technology sector. With the company poised for growth and expansion, investing in SEALSQ shares could potentially yield profitable returns in the future.

Impact on the World

From a broader perspective, SEALSQ’s successful direct offering signifies confidence in the company’s vision and products within the technology industry. This raise of $25 million not only bolsters SEALSQ’s financial position but also contributes to the advancement of semiconductor, PKI, and Post-Quantum technology hardware and software products. This could potentially lead to innovative solutions in the tech sector and drive further progress in the industry as a whole.

Conclusion

In conclusion, SEALSQ’s successful $25 million direct offering marks a significant milestone for the company and has the potential to impact both individual investors and the technology industry. With a strengthened financial position, SEALSQ is well-positioned to accelerate its growth and continue to drive innovation in the semiconductor and technology sector. As the company moves forward, its success in this offering sets a positive tone for its future endeavors and contributions to the world of technology.