SEALSQ Announces Pricing of $25.0 Million Registered Direct Offering

Geneva, Switzerland, December 17, 2024 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Firm”), an organization centered on creating and promoting {hardware} and software program merchandise within the areas of semiconductors, PKI and Publish-Quantum know-how, right now introduced that it entered right into a securities buy settlement with a number of institutional buyers to buy 13,157,896 shares of its widespread inventory 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 appearing as the only placement agent for the Providing.

SEALSQ at the moment intends to make use of the web proceeds from the Providing to fund the deployment of its post-quantum semiconductor know-how and next-generation ASIC capabilities in the USA, to help working capital and for common company functions. The Providing is anticipated 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 registration assertion on Kind F-3 (File No. 333-283358) beforehand filed with and subsequently declared efficient by the U.S. Securities and Alternate Fee (“SEC”) on November 27, 2024. A prospectus complement containing referring to the securities to be issued within the Providing will likely be filed by the Firm with the SEC. When obtainable, copies of the prospectus complement referring to the Providing, along with the accompanying prospectus, could also be obtained from the SEC’s web site at http://www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, sixteenth Flooring, New York, NY 10022, Consideration: Syndicate Division, or by electronic mail at syndicate@maximgrp.com or by telephone at (212) 895-3745.

This press launch shall not represent a proposal to promote or the solicitation of a proposal 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 can be illegal previous to registration or qualification below the securities legal guidelines of any such state or different jurisdiction.

About SEALSQ:

SEALSQ focuses on promoting built-in options primarily based on semiconductor, PKI and provisioning companies, whereas creating {hardware} and software program merchandise with Publish-Quantum know-how. Our options can be utilized in quite a lot of purposes, from multi-factor authentication tokens, sensible vitality, sensible dwelling tools, medical and healthcare and IT community infrastructure to automotive, industrial automation and management programs.

Publish-Quantum Cryptography (PQC) refers to cryptographic strategies which can be safe towards assault by a quantum laptop. As quantum computer systems grow to be extra highly effective, they might probably break lots of the cryptographic strategies at the moment used to guard delicate info, equivalent to RSA and Elliptic Curve Cryptography (ECC). PQC goals to develop new cryptographic strategies which can be secure towards quantum assaults. For extra info please go to http://www.sealsq.com.

Ahead-Wanting Statements

This communication expressly or impliedly incorporates sure forward-looking statements relating to SEALSQ Corp and its enterprise. Ahead-looking statements embody statements about our enterprise technique, monetary efficiency, outcomes of operations, market knowledge, occasions or developments that we count on or count on to happen sooner or later, in addition to different statements that aren’t historic details. Though we imagine that the expectations mirrored in such forward-looking statements are cheap, there will be no assurance that such expectations will show to be appropriate. These statements contain identified and unknown dangers and are primarily based on a variety of assumptions and estimates which can be 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. Essential components that we imagine 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 towards the event of a brand new technology of quantum-ready semiconductors; SEALSQ’s capability to proceed useful transactions with materials events, together with a restricted variety of key clients; market demand and situations within the semiconductor business; 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 SEALSQ has filed with the SEC.

SEALSQ Corp is offering this communication as of this date and undertakes no obligation to replace the forward-looking statements contained herein, whether or not on account of new info, 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 Inventory Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +212 836-9612 / kmurphy@equityny.com