SEALSQ Corp (LAES) shares are experiencing a significant decline today following the filing of a prospectus supplement with the SEC, which updates the company's registration statement. The document outlines the potential resale of up to 40 million ordinary shares by selling shareholders, which could lead to substantial dilution. This development has raised concerns among investors about the potential impact on the company's share price, as the issuance and resale of a large number of shares could exert downward pressure on the stock.
The current price of SEALSQ Corp (LAES) is $6.13, representing a 28.46% decrease from its previous close of $8.57. The stock opened at $8.07 and has seen a decline of 24.07% from the opening price.