Sealsq prices 30.4M shares at $4.11 in registered direct offering

SEALSQ (LAES) Corp has entered into a securities purchase agreement with several institutional investors to purchase 30,413,630 ordinary shares and accompanying warrants to purchase up to 60,827,260 ordinary shares priced at-the-market under Nasdaq rules. The combined purchase price per ordinary share and accompanying warrants was $4.11. The warrants will have an exercise price of $5.50 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 $125.0 million, before deducting commissions and offering expenses. The Offering will be led by an affiliate of Heights Capital Management, Inc. Maxim Group LLC is acting as the sole placement agent for the Offering. The Offering is expected to close on or about March 17, 2026, subject to the satisfaction of customary closing conditions.