SEALSQ shareholders approve board and new director

GENEVA - SEALSQ Corp (NASDAQ:LAES), a leader in Post-Quantum Technology solutions, held its 2025 Annual General Meeting (AGM) in New York City today, where shareholders voted favorably on all proposed resolutions. The company, which has seen its stock surge over 465% in the past six months according to InvestingPro data, currently trades at $2.94 per share. The AGM saw the re-election of the seven existing board members for a one-year term and the addition of a new non-executive director, Hossein Rahnama.

The board members re-elected include Ruma Bose, Cristina Dolan, David Fergusson, Joao Carlos Creus Moreira, John O’Hara, Eric Pellaton, and Peter Ward. Shareholders expressed their confidence in the company’s governance and strategic direction through their unanimous support of the resolutions.

During the AGM, company management provided a comprehensive review of SEALSQ’s performance, discussing financial metrics, strategic initiatives, growth prospects, and market trends. The aim of these discussions was to ensure sustained value creation for shareholders. Financial data from InvestingPro shows the company maintains a strong balance sheet with a current ratio of 6.0 and more cash than debt, though it reported a negative EBITDA of $16.56 million in the last twelve months. According to InvestingPro’s comprehensive analysis, which includes 8 additional key insights available to subscribers, the company’s overall financial health is currently rated as Weak. SEALSQ’s 2024 Annual Report containing financial statements for the year ended December 31, 2024, had been previously released and is available on the company’s website.

Eligible shareholders, as determined on the record date of April 25, 2025, were given the option to vote in person or remotely. The positive outcome of the voting reflects shareholder support for SEALSQ’s direction and governance, setting a positive tone for the year ahead.

SEALSQ specializes in integrating Semiconductors, Public Key Infrastructure (PKI), and Provisioning Services with a focus on Quantum Resistant Cryptography and Semiconductors to meet the security challenges posed by advancements in quantum computing. The company’s solutions are designed to protect against quantum threats across various applications such as Multi-Factor Authentication tokens and systems in energy, healthcare, defense, IT, automotive, and industrial automation.

This press release statement also contained forward-looking statements regarding SEALSQ’s business strategy and potential future developments. Analysts tracking the company, as reported by InvestingPro, do not anticipate profitability this year, with an EPS forecast of -$0.17 for FY2025. Get deeper insights into SEALSQ’s future prospects with InvestingPro’s comprehensive research report, part of its coverage of over 1,400 US stocks. These statements are subject to various risks and uncertainties, and actual results may differ materially from those projected. SEALSQ has disclosed these forward-looking statements and associated risks in its filings with the SEC and does not commit to updating them in light of new information or future events.

In other recent news, SEALSQ Corp has announced a strategic investment of $10 million into WISeSat.Space AG, aiming to enhance satellite constellation deployment and space-based quantum key distribution communications. This investment, pending board approval, is expected to generate scalable, recurring revenue through a "Satellite-as-a-Service" model. Additionally, SEALSQ announced the upcoming launch of WISeSat 2.1, a satellite equipped with its Quantum RootKey technology, set for June 2025. This initiative will enhance satellite security against quantum-enabled cyber threats. SEALSQ also revealed an upgrade to its QVault Trusted Platform Module, now compliant with the latest NIST post-quantum cryptographic standards, offering robust protection against both classical and quantum computer attacks. The company has further announced a $20 million public offering, intending to use the proceeds for strategic investments and to expand its post-quantum semiconductor technology in the United States. SEALSQ’s partnerships with companies like Parrot and AgEagle highlight its advancements in securing drones and satellite telecommunications. The company is recognized for its innovation in post-quantum technology solutions and has a projected $93 million pipeline over the next three years.

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