Sealsq Corp has announced a $25 million registered direct offering, pricing 13.2 million shares at $1.90 each. This move is aimed at funding the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States. The offering, facilitated by Maxim Group as the sole placement agent, is expected to close around December 17th, subject to customary conditions. The pricing of the shares above the market under NASDAQ rules suggests strong investor confidence, despite the dilution impact on existing shareholders. The capital raise aligns with increasing market interest in quantum-resistant security solutions, adding credibility to the company's strategic direction.
The involvement of institutional investors in the offering further underscores the market's positive outlook on Sealsq's future prospects. The funds will support the company's working capital and general corporate purposes, providing a financial boost to its ambitious technology development plans. This strategic move comes at a time when the demand for advanced security solutions is on the rise, positioning Sealsq to capitalize on emerging opportunities in the semiconductor industry.
Sealsq (LAES) shares closed at $2.45, marking a 40% increase from the previous close of $1.75 on December 13th. After the market close, the stock rose an additional 8.98% to $2.67.