IPO - SEALSQ Corp

Form Type: 424B5

Filing Date: 2025-01-02

Corporate Action: Ipo

Type: New

Accession Number: 000119380525000003

Filing Summary: SEALSQ Corp has filed a prospectus supplement offering an aggregate of 4,469,382 Ordinary Shares at an adjusted exercise price of $1.65 per share, directly to existing Investors, in connection with the exercise of warrants issued on July 11, 2023. The reduction in exercise price from $2.00 to $1.65 applies if warrants are exercised by January 3, 2025. The expected delivery of securities is on or before January 6, 2025. The company has secured compliance with Nasdaq's minimum bid price requirement, and this offering is a part of the registration statement declared effective on November 27, 2024, with an aggregate offering price of up to $100,000,000. SEALSQ emphasizes high risk and estimated proceeds before expenses totaled $6,860,000. The company has also indicated future growth strategies particularly around cybersecurity and semiconductor technologies.

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