SEALSQ Announces Completion of a $25.0 Million Registered Direct Offering
SEALSQ Corp (NASDAQ: LAES) has completed a registered direct offering of 13,157,896 ordinary shares at $1.90 per share, raising $25.0 million in gross proceeds. This brings the total gross proceeds from financings this week to $60.0 million, before deducting commissions and expenses. The company commits to not entering any further registered direct offering for at least 60 days.
The net proceeds will fund the deployment of next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. Maxim Group served as the sole placement agent for the offering.
SEALSQ Corp (NASDAQ: LAES) ha completato un'offerta diretta registrata di 13.157.896 azioni ordinarie a 1,90 dollari per azione, raccogliendo 25,0 milioni di dollari in proventi lordi. Questo porta il totale dei proventi lordi derivanti da finanziamenti di questa settimana a 60,0 milioni di dollari, prima di dedurre commissioni e spese. L'azienda si impegna a non effettuare ulteriori offerte dirette registrate per almeno 60 giorni.
I proventi netti finanzieranno l'implementazione della tecnologia dei semiconduttori post-quantistici di prossima generazione e delle capacità ASIC negli Stati Uniti, supportando il capitale circolante e scopi aziendali generali. Maxim Group ha agito come unico agente di collocamento per l'offerta.
SEALSQ Corp (NASDAQ: LAES) ha completado una oferta directa registrada de 13.157.896 acciones ordinarias a 1,90 dólares por acción, recaudando 25,0 millones de dólares en ingresos brutos. Esto lleva el total de ingresos brutos por financiamientos de esta semana a 60,0 millones de dólares, antes de deducir comisiones y gastos. La empresa se compromete a no realizar ninguna otra oferta directa registrada por un periodo mínimo de 60 días.
Los ingresos netos se destinarán a la implementación de tecnología de semiconductores post-cuánticos de próxima generación y capacidades ASIC en los Estados Unidos, además de apoyar el capital de trabajo y propósitos corporativos generales. Maxim Group actuó como único agente de colocación para la oferta.
SEALSQ Corp (NASDAQ: LAES)는 주당 1.90달러에 13,157,896주인 보통주를 등록된 직접 공모로 완료하였으며, 총 2천5백만 달러의 총 수익을 올렸습니다. 이는 이번 주 자금 조달 총 수익을 6천만 달러로 증가시킵니다(수수료 및 비용 공제 전). 회사는 최소 60일 동안 추가적인 등록 직접 공모를 하지 않을 것임을 약속합니다.
순 수익은 차세대 포스트 양자 반도체 기술과 ASIC 기능의 배치를 미국에서 지원하고, 운전 자본 및 일반 기업 목적에 사용됩니다. Maxim Group은 이 공모의 단독 배치 에이전트로 활동했습니다.
SEALSQ Corp (NASDAQ: LAES) a complété une offre directe enregistrée de 13.157.896 actions ordinaires à 1,90 $ par action, levant ainsi 25,0 millions de dollars de produits bruts. Cela porte le total des produits bruts provenant des financements de cette semaine à 60,0 millions de dollars, avant déduction des commissions et des frais. L'entreprise s'engage à ne pas réaliser d'autres offres directes enregistrées pendant au moins 60 jours.
Les produits nets serviront à financer le déploiement d'une technologie de semi-conducteurs post-quantique de nouvelle génération et des capacités ASIC aux États-Unis, à soutenir le fonds de roulement et à des usages généraux d'entreprise. Maxim Group a été l'unique agent de placement pour l'offre.
SEALSQ Corp (NASDAQ: LAES) hat ein registriertes Direktangebot von 13.157.896 Stammaktien zu je 1,90 US-Dollar abgeschlossen und dabei 25,0 Millionen US-Dollar an brutto Einnahmen erzeugt. Dies bringt die Gesamteinnahmen aus Finanzierungen in dieser Woche auf 60,0 Millionen US-Dollar, vor Abzug von Provisionen und Ausgaben. Das Unternehmen verpflichtet sich, für mindestens 60 Tage keine weiteren registrierten Direktangebote zu machen.
Die Nettoeinnahmen werden zur Finanzierung des Einsatzes von Halbleitertechnologie der nächsten Generation und ASIC-Fähigkeiten der Post-Quantenzeit in den Vereinigten Staaten verwendet, sowie zur Unterstützung des Betriebskapitals und allgemeiner Unternehmenszwecke. Maxim Group fungierte als alleiniger Platzierungspartner für das Angebot.
- Secured $25.0 million in gross proceeds through share offering
- Total financing of $60.0 million raised this week
- 60-day commitment to avoid further share offerings
- Funds allocated for post-quantum semiconductor technology development
- Significant shareholder dilution through issuance of 13,157,896 new shares
- Shares offered at $1.90, potentially impacting market price
- Additional expenses and commissions will reduce net proceeds
Insights
The
The decision to lock in a 60-day moratorium on further share offerings demonstrates management's commitment to minimize dilution and protect shareholder value. The capital infusion significantly strengthens SEALSQ's balance sheet, providing runway for its ambitious US-based post-quantum semiconductor development plans.
With a market cap around
The capital raise positions SEALSQ to accelerate its post-quantum semiconductor development at a important time. With quantum computers advancing rapidly, the need for quantum-resistant security solutions is becoming increasingly urgent. The focus on US-based ASIC capabilities aligns with growing national security concerns and semiconductor sovereignty initiatives.
The investment in post-quantum chip development is particularly strategic given the NIST's recent standardization of post-quantum cryptographic algorithms. Early movers in post-quantum semiconductor implementation will likely capture significant market share as organizations begin their quantum-safe transitions. The timing of this capital deployment could prove pivotal in establishing SEALSQ's competitive position in the quantum-resistant hardware market.
Geneva, Switzerland, Dec. 19, 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 completed a registered direct offer to several institutional investors of 13,157,896 ordinary shares at a public offering price of
Maxim Group LLC acted 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.
Carlos Moreira, CEO of the SEALSQ, said, “We are delighted to have secured this financing, which enables us to focus on advancing our quantum strategy, particularly the development and market launch of our post-quantum chips. The funds raised over the past week will significantly support the achievement of our strategic goals. As we move into the new year, we look forward to sharing further details on the Company's next steps.”
The securities described above were offered by the Company pursuant to an effective shelf registration statement on Form F-3 (File No. 333-283358) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 27, 2024. A prospectus supplement relating to the securities issued in, and describing the terms of, the Offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or by telephone at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About SEALSQ:
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 an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are 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.
Forward Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
Press and Investor Contacts
SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@sealsq.com
SEALSQ Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +212 836-9612 / kmurphy@equityny.com
FAQ
How much did SEALSQ (LAES) raise in its December 2024 registered direct offering?
What is the total amount SEALSQ (LAES) raised in financings during December 2024?
How will SEALSQ (LAES) use the proceeds from its December 2024 offering?
What is SEALSQ's (LAES) commitment regarding future share offerings?
How many new shares did SEALSQ (LAES) issue in the December 2024 offering?
