WISeQey (WQEY) and SEALSQ's Quantisimo signed a definitive business combination agreement with GigCapital8 to pursue a Nasdaq listing through Quantisimo Holding.
At closing, WISeQey and SEALSQ will receive 66,610,000 shares, implying approximately $666.1 million of Quantisimo equity value at $10.00 per share; they are expected to retain majority ownership. Before closing, they will contribute interests in Miraex, SEALCOIN, WeCan Group and WISeSat.Space. Closing requires at least $15 million in available cash from GigCapital8's trust after redemptions, any private investment and a SEALSQ contribution. SEALSQ will receive additional shares at $10.00 for its contribution. Completion is expected in Q1 2027, subject to GigCapital8 shareholder approval, registration statement effectiveness and Nasdaq listing approval. PubCo shares are expected to trade as QSMO; WISeQey and SEALSQ face six-month post-closing lock-ups.
WISeKey (WKEY) reported approximately $11.4 million in unaudited first-half 2026 revenue, up approximately 116% from the same period in 2025.
Gross profit rose 192% to $5.5 million, with gross margin reaching approximately 48%. Operating loss widened to $40.9 million from $27.3 million, and net loss widened to $36.4 million from $22.3 million. Cash and restricted cash totaled approximately $495 million at June 30, with minimal debt. WISeKey reaffirmed expected FY 2026 revenue growth of 50% to 100%. SEALSQ's estimated commercial pipeline exceeds $225 million through 2029, subject to conversion risks.
Shareholders approved redomiciliation to the British Virgin Islands, expected October 1, with WISeQey shares expected to trade October 5. Proposed WISeSat and Quantisimo combinations remain conditional. Post-quantum product revenue is expected in Q4 2026; a proposed Jura semiconductor center carries indicative investment of CHF 40 million to CHF 60 million over six years.
Summary not available.
GigInternational1, Inc. has announced a $200,000 deposit into its Trust Account, extending the business combination deadline to October 21, 2022. This follows a similar deposit made on August 19, 2022, ensuring the company can proceed with its merger plans.
The company is focused on technology, media, telecommunications, aerospace, and defense sectors, primarily in Europe and Israel. The extension could allow it to finalize a merger with Convalt Energy, Inc. by February 21, 2023.
GigInternational1, Inc. (NASDAQ: GIW) has announced a non-binding term sheet to merge with Convalt Energy, Inc., aiming for Convalt to become a public renewable energy manufacturing and power generation firm. Convalt specializes in solar panels, generating renewable energy, and providing engineering services. They plan to produce 900 MW of solar panels at a new facility in Watertown, NY, with operations expected to begin by Q3 2023. This merger is supported by local governments and federal incentives under the Inflation Reduction Act.
GigInternational1, a blank check company, announced stockholder approval for an extension to finalize a business combination until February 21, 2023. This allows for six one-month extensions from the initial closing date of its public offering. A $200,000 payment has been made for the first month. The board believes the extension is essential for completing a transaction, as no business combination has yet been announced. GigInternational1 focuses on potential targets in technology, media, aerospace, mobility, and semiconductor sectors, primarily in Europe and Israel.