SEALSQ Corp has entered into a Securities Purchase Agreement with institutional investors to sell 7,692,308 ordinary shares at $1.30 per share, raising $10 million in gross proceeds. The registered direct offering is expected to close on December 16, 2024, with Maxim Group LLC serving as the sole placement agent for a 7% fee.The company plans to use the net proceeds to fund its next-generation post-quantum semiconductor technology deployment and ASIC capabilities in the United States, along with supporting working capital and general corporate purposes. The offering is made under an effective shelf registration statement declared effective on November 27, 2024.As part of the agreement, SEALSQ agreed to modify previously issued warrants, lowering their exercise price to $2.00 per share. If an additional $10 million convertible note tranche is not closed by January 16, 2025, the exercise price will be further reduced to $1.00 per share. The company also agreed to certain restrictions on future share issuances for up to 90 days.

SEALSQ Corp has entered into a Securities Purchase Agreement with institutional investors to sell 7,692,308 ordinary shares at $1.30 per share, raising $10 million in gross proceeds. The registered direct offering is expected to close on December 16, 2024, with Maxim Group LLC serving as the sole placement agent for a 7% fee.The company plans to use the net proceeds to fund its next-generation post-quantum semiconductor technology deployment and ASIC capabilities in the United States, along with supporting working capital and general corporate purposes. The offering is made under an effective shelf registration statement declared effective on November 27, 2024.As part of the agreement, SEALSQ agreed to modify previously issued warrants, lowering their exercise price to $2.00 per share. If an additional $10 million convertible note tranche is not closed by January 16, 2025, the exercise price will be further reduced to $1.00 per share. The company also agreed to certain restrictions on future share issuances for up to 90 days.