Insider overview:
SEALSQ Corp, through Maxim Group LLC as sole offering agent, made a public offering of 7,692,308 shares of its common stock at a price of $1.30 per share, securing gross proceeds of $10 million. The company plans to use the proceeds to advance its post-quantum semiconductor technology and ASIC capabilities in the United States, along with working capital and support for general corporate purposes. This offering, which closes on December 16, 2024, is made pursuant to a valid shelf registration statement and is intended to strengthen SEALSQ’s position in post-quantum cryptography and related hardware and software solutions.
PRESS RELEASE — SEALSQ Corp., a company focused on the development and sale of semiconductor, PKI, and post-quantum technology hardware and software products, today entered into stock purchase agreements with multiple institutional investors to acquire 7,692,308 shares of its common stock. The purchase was announced publicly. The offering price is $1.30, with gross proceeds before fees and offering expenses of $10 million.
Maxim Group LLC is acting as the sole introducing agent for the Offering.
SEALSQ currently intends to use the net proceeds from this offering to fund the deployment of next generation post-quantum semiconductor technology and ASIC capabilities in the United States, working capital support and general corporate purposes. The offering is expected to close on or about December 16, 2024, subject to the satisfaction of customary closing conditions.
About Sealsuk
SEALSQ focuses on selling integrated solutions based on semiconductors, PKI, and provisioning services while developing post-quantum technology hardware and software products. Our solutions can be used in a variety of applications, from multi-factor authentication tokens, smart energy, smart home appliances, medical and healthcare, and IT network infrastructure to automotive, industrial automation, and control systems.
Post-quantum cryptography (PQC) refers to cryptographic methods that are secure against attacks by quantum computers. As quantum computers become more powerful, they may be able to crack many of the encryption techniques currently used to protect sensitive information, such as RSA and elliptic curve cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com.
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