SEALSQ Corp (NASDAQ: LAES) is experiencing a significant surge in its stock price following the announcement of a $25.0 million registered direct offering. The offering, which was priced above market under NASDAQ rules, involves the sale of 13,157,896 ordinary shares at a public offering price of $1.90. This move has attracted attention from institutional investors, providing a boost in confidence and liquidity for the company. The announcement has sparked discussions among retail investors, with some expressing optimism about the company's future prospects in the semiconductor and quantum technology sectors.
On Reddit, users are actively discussing the stock's performance, with some highlighting the potential for further gains. One user noted, "Quantum computing boom is driving this as well as drone hysteria," suggesting that the company's focus on cutting-edge technology is a key factor in its appeal. Another user expressed confidence in the stock's long-term potential, stating, "It can reach $10 January 2025 if not more." Despite the positive sentiment, there are also mentions of caution, with some users advising others to be mindful of the risks associated with such rapid price movements.
SEALSQ Corp's stock is currently trading at $2.95, marking a 20.41% increase from its previous close of $2.45. The stock reached a high of $3.46 and a low of $2.23 today, with a trading volume of 201,115,403 shares, significantly above its average volume of 14,024,282.