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NEWS
SEALSQ Announces Pricing of $25.0 Million Registered Direct Offering
Tuesday, 17th December at 8:00 pm
Geneva, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) --
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 13,157,896 ordinary shares at a public offering price of $1.90, for gross proceeds of $25.0 million (the "Offering"), before deducting commissions and offering expenses.
Maxim Group LLC is acting as the sole placement agent for the Offering.
SEALSQ currently intends to utilize the net proceeds from the Offering to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, to support working capital and for general corporate purposes. The Offering is expected to close on or about December 19, 2024 (the "Closing Date"), subject to the satisfaction of customary closing conditions.
Tuesday, 17th December at 8:00 pm
Geneva, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) --
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 13,157,896 ordinary shares at a public offering price of $1.90, for gross proceeds of $25.0 million (the "Offering"), before deducting commissions and offering expenses.
Maxim Group LLC is acting as the sole placement agent for the Offering.
SEALSQ currently intends to utilize the net proceeds from the Offering to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, to support working capital and for general corporate purposes. The Offering is expected to close on or about December 19, 2024 (the "Closing Date"), subject to the satisfaction of customary closing conditions.
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Lnova : But the price still went up!!
Lnova : They look very intent on the share offerings. Is to a crazy degree lol like every other day
Jaguar8 OP Lnova : Can’t blame them. They seem to have a lot of projects going on
Lnova Jaguar8 OP : I’m amazed the share price keeps going up, that’s good lol
HH1000 : wasnt this already known a few days ago or am i missing something
Jaguar8 OP Lnova : Sometimes market defies offering. This is direct offering. Like SIDU, it defied PP
Lnova HH1000 : Idk that’s why I thought there was maybe two lol
Jaguar8 OP HH1000 : I checked it and looks like same offering, they released the same PR today. They are NUTS