SEALSQ prices $60 million registered direct offering at $4.00 per share

SEALSQ Corp (NASDAQ: LAES) announced it has entered into a securities purchase agreement with institutional investors for a $60 million registered direct offering. The company will sell 15 million ordinary shares at $4.00 per share, with accompanying warrants to purchase up to 30 million additional shares.

The warrants carry an exercise price of $4.60 per ordinary share, are immediately exercisable, and will expire seven years from the date of issuance. Heights Capital Management, Inc. is leading the offering, with Maxim Group LLC serving as the sole placement agent.

The share price represents approximately a 10% premium to SEALSQ's closing stock price on July 11, 2025, according to the company's announcement. The offering is expected to close on or about July 15, 2025, subject to customary closing conditions.

SEALSQ plans to use the net proceeds to advance its post-quantum and quantum technology roadmap, fund strategic acquisitions, and support general corporate purposes. The company expects to have a pro-forma cash position of approximately $170 million as of July 15, 2025.

"We plan to utilize the net proceeds to advance our Post-Quantum and Quantum roadmap, as SEALSQ has been rapidly expanding its portfolio in this field, as well as for strategic acquisitions and general corporate purposes," said Carlos Moreira, President and CEO of SEALSQ.

The offering is being conducted under an effective shelf registration statement on Form F-3 that was previously filed with the Securities and Exchange Commission and declared effective on April 2, 2025. SEALSQ develops and sells semiconductors, PKI and post-quantum technology hardware and software products.

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