SEALSQ Launches $125M Direct Offering with 30.4M Shares and $5.50 Warrants
SEALSQ will raise about $125 million by selling 30,413,630 shares at $4.11 each plus warrants exercisable at $5.50. Net proceeds will accelerate its post-quantum semiconductors commercialization roadmap in the US and Europe.
1. Offering Details
SEALSQ entered a securities purchase agreement to issue 30,413,630 ordinary shares (or pre-funded warrants) at $4.11 per unit alongside detachable warrants exercisable at $5.50. Gross proceeds are expected to total approximately $125.0 million before commissions and offering expenses.
2. Use of Proceeds
The company will deploy net proceeds to reinforce its cash position and accelerate the commercialization and deployment of its post-quantum semiconductors technology across the US and Europe, targeting faster market entry for quantum-resistant cryptography solutions.
3. Transaction Structure and Closing
The offering is led by an affiliate of Heights Capital Management with Maxim Group LLC as sole placement agent. Closing is anticipated on or about March 17, 2026, subject to customary conditions.