India, July 14 -- SEALSQ Corp. (LAES), a developer of semiconductor and post-quantum technology solutions, has entered a $60 million securities purchase agreement with institutional investors, including Heights Capital Management.
The deal involves 15 million ordinary shares at $4.00 each about a 10% premium over the July 11 closing price, and includes warrants for an additional 30 million shares at $4.60, exercisable immediately and valid for seven years.
CEO Carlos Moreira stated that the funds will support SEALSQ's quantum and post-quantum tech roadmap, strategic acquisitions, and general operations. Following the transaction, the company expects to hold approximately $170 million in cash as of July 15. InvestingPro data notes SEALSQ's...