SEALSQ Announces Completion of a $25.0 Million Registered Direct Offering
19 Diciembre 2024 - 2:59PM
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 $1.90, for
gross proceeds of $25.0 million (the “Offering”), before deducting
commissions and offering expenses. This brings the total gross
proceeds from financings completed this week to $60.0 million,
before deducting commissions and offering expenses. The Company
confirms that, given the terms of the financings completed in the
last week, it does not currently expect to enter into any further
registered direct offering of ordinary shares for at least the next
60 days as a result of the funds raised.
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
MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com
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