SEALSQ Corp Shares Drop 7.6% Amid $200M Capital Raise Announcement
SEALSQ Corp's stock tumbled 7.6% in early trading following the announcement of a dual offering totaling $200 million. The semiconductor firm priced its $94.8 million public offering at $7.50 per share, while simultaneously arranging a $105.2 million private placement with pre-funded warrants.
The market reaction reflects investor concerns about dilution, with shares falling from $7.65 to $7.07. Proceeds will fund the company's post-quantum cryptography development and U.S. expansion plans, potentially building a $400 million war chest for strategic initiatives.
Maxim Group LLC served as exclusive placement agent for the registered offering, which leverages an existing SEC-approved shelf registration. The capital raise comes as SEALSQ positions itself in the competitive quantum computing sector, with closing expected by October 2025.
