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GENEVA - SEALSQ Corp (NASDAQ: LAES), a developer of semiconductor and post-quantum technology hardware and software, has entered into a securities purchase agreement with several institutional investors. The company, currently trading at $2.48 with a market capitalization of $321 million, will sell 10 million ordinary shares at $2.00 each for gross proceeds of $20 million. The offering is expected to close on Tuesday, subject to customary conditions. According to InvestingPro data, SEALSQ has demonstrated significant momentum with a 10% return over the past week.
Maxim Group LLC is the sole placement agent for the transaction. SEALSQ plans to use the net proceeds to fund a strategic investment in the Quantix EdgeS joint venture, support the intended acquisition of IC ALPS, and further deploy its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, along with general corporate purposes. InvestingPro analysis shows the company maintains a strong liquidity position with a current ratio of 6.0, indicating robust ability to fund its strategic initiatives.
The offering is part of an effective shelf registration statement previously declared by the U.S. Securities and Exchange Commission on April 2, 2025. A prospectus supplement related to the offering will be filed by SEALSQ and will be available on the SEC’s website.
SEALSQ emphasizes the development of quantum-resistant cryptography and semiconductors to address security challenges posed by quantum computing. Their products aim to provide protection for a variety of applications, including multi-factor authentication tokens and systems in sectors such as energy, healthcare, defense, and industrial automation. While the company maintains strong cash positions relative to debt, InvestingPro analysis indicates the stock currently trades above its Fair Value. For deeper insights into SEALSQ’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The company’s forward-looking statements suggest a focus on growth strategies, market share in the quantum semiconductor market, and expansion of U.S. operations. However, these statements acknowledge inherent risks and uncertainties that could affect actual results.
This news is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy securities. The sale of securities will not occur in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
In other recent news, SEALSQ Corp has made several strategic moves to enhance its position in the semiconductor and cybersecurity markets. The company announced a strategic investment in Wecan Group, acquiring a 30% equity stake to integrate SEALSQ’s parent company’s digital identity platform with Wecan’s compliance solution. This collaboration aims to reduce compliance costs for institutions and enhance digital identity verification. SEALSQ also partnered with Thomson Quantum AI to incorporate its Post-Quantum Cryptography into Thomson’s hardware products, starting with 60,000 devices, to provide quantum-resistant security.
Additionally, SEALSQ appointed Loïc Hamon as Chief Operating Officer to spearhead its North American expansion, focusing on scaling operations and strategic partnerships. The company remains unaffected by new U.S. tariffs on imports due to an exemption for semiconductors, allowing it to maintain smooth operations and comply with U.S. post-quantum cryptography mandates. SEALSQ has also formed a strategic collaboration with IC™ALPS to develop advanced automotive ASICs designed for functional safety in the post-quantum era. The partnership is exploring the potential acquisition of IC™ALPS by SEALSQ, subject to regulatory approval.
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