SEALSQ Announces Pricing of $25.0 Million Registered Direct Offering

Geneva, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Firm”), an organization that focuses on growing and promoting Semiconductors, PKI and Put up-Quantum know-how {hardware} and software program merchandise, in the present day introduced that it has entered right into a securities buy settlement with a number of institutional traders to buy 13,157,896 peculiar shares at a public providing value of $1.90, for gross proceeds of $25.0 million (the “Providing”), earlier than deducting commissions and providing bills.

Maxim Group LLC is performing as the only placement agent for the Providing.

SEALSQ at the moment intends to make the most of the web proceeds from the Providing to fund the deployment of its next-generation post-quantum semiconductor know-how and ASIC capabilities in the US, to help working capital and for basic company functions. The Providing is predicted to shut on or about December 19, 2024 (the “Closing Date”), topic to the satisfaction of customary closing situations.

The Providing is being made pursuant to an efficient shelf registration assertion on Kind F-3 (File No. 333-283358) beforehand filed with and subsequently declared efficient by the U.S. Securities and Trade Fee (“SEC”) on November 27, 2024. A prospectus complement referring to the securities to be issued within the Providing might be filed by the Firm with the SEC. When out there, copies of the prospectus complement referring to the Providing, along with the accompanying prospectus, will be obtained on the SEC’s web site at http://www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, sixteenth Ground, New York, NY 10022, Consideration: Syndicate Division, or through e-mail at syndicate@maximgrp.com or by phone at (212) 895-3745.

This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase these securities, nor shall there be any sale of those securities in any state or different jurisdiction by which such supply, solicitation or sale could be illegal previous to the registration or qualification underneath the securities legal guidelines of any such state or different jurisdiction.

About SEALSQ:

SEALSQ focuses on promoting built-in options based mostly on Semiconductors, PKI and Provisioning providers, whereas growing Put up-Quantum know-how {hardware} and software program merchandise. Our options can be utilized in quite a lot of purposes, from Multi-Issue Authentication tokens, Good Vitality, Good Dwelling Home equipment, Medical and Healthcare and IT Community Infrastructure, to Automotive, Industrial Automation and Management Methods.

Put up-Quantum Cryptography (PQC) refers to cryptographic strategies which might be safe in opposition to an assault by a quantum pc. As quantum computer systems change into extra highly effective, they can break most of the cryptographic strategies which might be at the moment used to guard delicate data, corresponding to RSA and Elliptic Curve Cryptography (ECC). PQC goals to develop new cryptographic strategies which might be safe in opposition to quantum assaults. For extra data, please go to http://www.sealsq.com.

Ahead Wanting Statements

This communication expressly or implicitly comprises sure forward-looking statements regarding SEALSQ Corp and its companies. Ahead-looking statements embody statements concerning our enterprise technique, monetary efficiency, outcomes of operations, market information, occasions or developments that we anticipate or anticipates will happen sooner or later, in addition to another statements which aren’t historic details. Though we imagine that the expectations mirrored in such forward-looking statements are affordable, no assurance will be provided that such expectations will show to have been appropriate. These statements contain recognized and unknown dangers and are based mostly upon a variety of assumptions and estimates that are inherently topic to important uncertainties and contingencies, lots of that are past our management. Precise outcomes could differ materially from these expressed or implied by such forward-looking statements. Vital elements that, in our view, might trigger precise outcomes to vary materially from these mentioned within the forward-looking statements embody SEALSQ’s capability to implement its progress methods; SEALSQ’s capability to efficiently launch post-quantum semiconductor know-how; SEALSQ’s capability to seize a share of the quantum semiconductor market; the expansion of the quantum computing market; SEALSQ’s capability to increase its U.S. operations; SEALSQ’s capability to make extra investments in direction of the event of a brand new era of quantum-ready semiconductors; SEALSQ’s capability to proceed helpful transactions with materials events, together with a restricted variety of important prospects; market demand and semiconductor trade situations; the expansion of the quantum computing market; and the dangers mentioned in SEALSQ’s filings with the SEC. Dangers and uncertainties are additional described in experiences filed by SEALSQ with the SEC.

SEALSQ Corp is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein on account of new data, future occasions or in any other case.

Press and Investor Contacts

SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@sealsq.com

SEALSQ Investor Relations (US)
The Fairness Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +212 836-9612 / kmurphy@equityny.com