Sealsq prices 15M shares at $4.00 in registered direct offerigng

SEALSQ (LAES) Corp entered into a securities purchase agreement with several institutional investors to purchase 15,000,000 ordinary shares and accompanying warrants to purchase up to 30,000,000 ordinary shares at a combined purchase price of $4.00 per ordinary share and accompanying warrants, representing a premium of about 10% to SEALSQ’s closing stock price on July 11. The warrants will have an exercise price of $4.60 per ordinary share, will be immediately exercisable, and will expire seven years following the date of issuance. Gross proceeds for the Offering are expected to be approximately $60M, before deducting commissions and offering expenses. The Offering will be led by Heights Capital Management. Maxim Group is acting as the sole placement agent for the Offering. SEALSQ currently intends to utilize the net proceeds from the Offering to reinforce its already strong cash position, allowing the Company to accelerate its Post-Quantum and Quantum commercialization roadmap and deployment in the United States. The Offering is expected to close on or about July 15, subject to the satisfaction of customary closing conditions.