SEALSQ Corp (NASDAQ: LAES) has announced the pricing of a combined $200.0 million equity offering, which consists of a $94.8 million Registered Offering and a $105.2 million concurrent Private Offering. The offerings were led by Heights Capital Management, Inc. and were priced approximately $26.5% above market under Nasdaq rules.
The Registered Offering consists of 12,640,000 ordinary shares priced at $7.50 per share. The Private Offering consists of pre-funded warrants and Class D warrants (exercisable at $9.25 per share) for a combined offering price of $7.50. Maxim Group LLC is acting as the sole placement agent.
Carlos Moreira, President and CEO of SEALSQ, commented that the net proceeds will be utilized to reinforce the company’s cash position, which is expected to be approximately $400 million on a pro-forma basis as of October 16, 2025. The funds will accelerate the company’s Post-Quantum and Quantum commercialization roadmap and deployment in the United States. The transaction is viewed as an endorsement of the company’s technical progress, strategic acquisitions, and growing IP portfolio.
The Registered Offering is being made pursuant to an effective shelf registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC). The Private Offering warrants and underlying ordinary shares have not been registered under the Act.
Read the full announcement here.
October 21, 2025
