SEALSQ Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Rhea-AI Summary

SEALSQ Corp (NASDAQ: LAES), a developer of Semiconductors, PKI, and Post-Quantum technology solutions, has announced its regained compliance with Nasdaq's minimum bid price requirement. The company received formal confirmation from Nasdaq after maintaining a closing bid price of at least $1.00 per share for its Ordinary Shares over 10 consecutive business days from December 11 to December 24, 2024. This achievement comes ahead of the January 28, 2025 deadline, which was set following an initial notice from Nasdaq on August 1, 2024. The matter has been closed by Nasdaq Listing Qualifications Staff.

Positive

• Regained Nasdaq compliance, eliminating delisting risk
• Maintained share price above $1.00 for required period
• Resolved compliance issue ahead of January 2025 deadline

Negative

• Previous trading below $1.00 threshold indicating recent market weakness

Insights

Financial Compliance Analyst

This compliance achievement with Nasdaq's minimum bid price requirement represents a critical regulatory milestone for SEALSQ. Meeting the $1.00 minimum bid price for 10 consecutive trading days prevents a potential delisting scenario, which would have severely impacted trading liquidity and institutional investment accessibility. The timing of compliance, well ahead of the January 28, 2025 deadline, demonstrates strong market confidence in SEALSQ's value proposition.

The sustained price performance above the threshold indicates organic market support rather than artificial price manipulation. This regulatory compliance preserves SEALSQ's access to capital markets and maintains its credibility with institutional investors. The successful resolution of this listing requirement removes a significant overhang that could have forced the company into considering desperate measures like a reverse stock split.

Market Research Analyst

The regained compliance signals improved market perception of SEALSQ's business model in the semiconductor and post-quantum technology sector. With a market cap of $429.67M, maintaining Nasdaq listing status is important for attracting institutional capital and maintaining research coverage.

The sustained trading above $1.00 from December 11-24 suggests underlying buying interest in SEALSQ's strategic positioning in high-growth technology segments. This compliance removes a major investment risk factor and could catalyze increased institutional participation. For retail investors, this means better liquidity and reduced volatility risks associated with potential OTC market relegation. The quick recovery in share price, months before the deadline, indicates stronger market confidence in SEALSQ's business fundamentals and growth prospects.

Geneva, Switzerland , Dec. 26, 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 received formal written confirmation from The Nasdaq Stock Market, LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq’s minimum bid price requirement.

The regaining of compliance is a result of the Company’s closing bid price of the Ordinary Shares being at least $1.00 for at least 10 consecutive business days prior to January 28, 2025 deadline, as described in the initial notice from Nasdaq received by the Company on August 1, 2024.

The closing bid price of the Company’s Ordinary Shares has been at $1.00 per share or greater from December 11 to December 24, 2024. Accordingly, Nasdaq Listing Qualifications Staff has determined that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed.

About SEALSQ

SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, 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.

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

When did SEALSQ (LAES) regain Nasdaq compliance?

SEALSQ regained Nasdaq compliance in December 2024 after maintaining a closing bid price above $1.00 from December 11 to December 24, 2024.

What was the minimum share price requirement for LAES to maintain Nasdaq listing?

LAES needed to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

When was SEALSQ's (LAES) deadline to regain Nasdaq compliance?

SEALSQ's deadline to regain Nasdaq compliance was January 28, 2025.

What triggered SEALSQ's (LAES) initial Nasdaq compliance notice?

SEALSQ received an initial notice from Nasdaq on August 1, 2024, when its share price fell below the minimum $1.00 requirement.