LEAS News | LEAS stock update | Sealsq Corp News Update

SEALSQ Corp. (NASDAQ: LAES) announced a $25.0 million registered direct offering through a securities purchase agreement with institutional investors. The offering consists of 13,157,896 ordinary shares priced at $1.90 per share, with Maxim Group serving as the sole placement agent. The company plans to use the net proceeds to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. The offering is expected to close around December 17, 2024, subject to customary closing conditions, and is being made through an effective shelf registration statement previously filed with the SEC.

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