SEALSQ Secures $25 Million to Advance Post-Quantum Technology

SEALSQ Raises $25 Million in Direct Offering

SEALSQ Corp (NASDAQ: LAES), a leader in semiconductor, PKI, and post-quantum technology hardware and software, has successfully entered into an agreement with institutional investors for a substantial funding initiative. This registered direct offering aims to raise $25 million by selling over 13 million ordinary shares at a price of $1.90 each, providing a significant boost to the company's financial resources.

Utilization of Funds

The net proceeds from this offering are earmarked for critical growth initiatives, particularly the deployment of next-generation post-quantum semiconductor technology and application-specific integrated circuit (ASIC) capabilities. This strategic move will enhance SEALSQ’s operational capabilities within the United States and bolster its overall market competitiveness. Additionally, some of the funds will support general corporate needs, reflecting a comprehensive approach to advancing company objectives.

The Role of Maxim Group LLC

Maxim Group LLC has taken on the responsibility of sole placement agent for this offering. Their involvement underscores the strategic importance of this capital raise, aimed at positioning SEALSQ as a frontrunner in an evolving semiconductor market. With expert guidance, SEALSQ is poised to maximize the potential of these funds.

Closing Date and Regulatory Compliance

The offering is anticipated to close shortly, with the official date expected around the end of December. This timeline is contingent upon customary closing conditions that must be satisfied. Compliance with regulatory frameworks is a priority for SEALSQ, as evident through the effective shelf registration statement it filed with the U.S. Securities and Exchange Commission (SEC).

About SEALSQ and Its Innovations

SEALSQ is committed to developing integrated solutions that harness semiconductors and post-quantum technology to address emerging challenges in cybersecurity. The company's solutions have applications in various fields, including multi-factor authentication, smart home devices, healthcare, automotive, and industrial automation. As quantum computing advances, the demand for robust security solutions becomes increasingly critical, making SEALSQ’s innovations timely and significant.

Understanding Post-Quantum Cryptography

Post-Quantum Cryptography (PQC) is an essential area of focus as the world navigates the complexities introduced by quantum computing. PQC methods are designed to safeguard sensitive data from quantum attacks, ensuring continued security despite advancements in computational power. SEALSQ is at the forefront of this technology, dedicated to developing secure systems that can withstand the challenges presented by quantum computing.

Investor Relations and Contact Information

For those interested in SEALSQ's progress or wishing to learn more about the company's initiatives, investment relations are managed through The Equity Group Inc. Customers can reach out to Lena Cati or Katie Murphy directly for inquiries. Additionally, investor contact is maintained through the company’s headquarters, with Carlos Moreira, the Chairman & CEO, available for broader discussions.

Invitation for Continued Engagement

SEALSQ encourages stakeholders and interested parties to stay connected and engaged as the company embarks on this exciting journey in the semiconductor industry. This offering marks a pivotal step toward delivering innovative solutions that meet the demands of an increasingly digital world.

Frequently Asked Questions

What is the purpose of the $25 million offering?

The funds will be used primarily for advancing SEALSQ's post-quantum semiconductor technology and for general corporate purposes.

Who is acting as the placement agent for the offering?

Maxim Group LLC is the sole placement agent for this registered direct offering.

When is the expected closing date for the offering?

The offering is expected to close around the end of December, subject to customary conditions.

What is Post-Quantum Cryptography?

Post-Quantum Cryptography refers to cryptographic methods designed to remain secure against the potential threats posed by quantum computing.

How can I get in touch with SEALSQ's investor relations?

Investors can contact The Equity Group Inc. representatives to inquire about SEALSQ's operations and opportunities for engagement.

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