SEALSQ Corp (LAES) stock is experiencing a significant after-hours decline following the company's announcement of an inducement offer for warrant holders. The company has decided to reduce the exercise price and increase the number of shares issuable upon exercise of its July 2023 and January 2024 ordinary share purchase warrants. This strategic move is aimed at encouraging warrant holders to convert their warrants into shares, thereby enhancing liquidity and potentially strengthening the company’s financial position by securing additional capital. However, such inducement offers can sometimes lead to concerns about dilution among existing shareholders, which may be contributing to the negative sentiment in after-hours trading.
The current price of SEALSQ Corp (LAES) is $7.32, reflecting a 14.59% decline in after-hours trading, following a close at $8.57 on December 30, 2024.