SEALSQ Corp (LAES) stock experienced a notable decline after announcing its upcoming launch of a next-generation satellite with WISeSat, scheduled in less than two weeks. This announcement, while strategically significant, may have contributed to investor concerns about the company's immediate financial commitments and potential dilution effects, especially following the recent filing of a prospectus supplement for the resale of up to 40 million ordinary shares. The market's reaction suggests apprehension about the company's ability to manage these developments without impacting shareholder value.
In after-hours trading, SEALSQ Corp shares rose 7.97% to $6.64, following a sharp decline of 28.24% to close at $6.15 on December 31, 2024.