Sealsq reports signature of SPA to acquire 100% of IC’ALPS

SEALSQ (LAES) Corp announced the signing of a Share Purchase Agreement with the shareholders of IC’ALPS SAS, an Application-Specific Integrated Circuit design and supply specialist based in Grenoble, France, for the acquisition of 100% of the share capital and voting rights of IC’ALPS. The SPA is the result of a period of exclusive negotiations between SEALSQ CORP and the Sellers, announced on February 27, 2025. The main terms and conditions of the SPA announced by SEALSQ on May 22, 2025 remain applicable. The Acquisition is expected to be completed in the third quarter of 2025, subject to satisfying the conditions to closing, including the necessary regulatory approval by the French Ministry of the Economy.