TLDR
- SEALSQ shares dive 7.6% as dual $200M offerings spark investor concerns
- $94.8M public offering priced at $7.50 shakes SEALSQ stock early trade
- $105M private deal adds pre-funded, Class D warrants at $7.50 each
- Capital raise to fund SEALSQ’s post-quantum tech and U.S. expansion
- SEALSQ aims for $400M cash war chest post-raise to drive quantum push
SEALSQ Corp’s stock opened sharply lower today, dropping 7.6% after announcing dual offerings worth a combined $200 million. The share price fell from approximately $7.65 to $7.07 as the market reacted to the capital raise.
This move comes just ahead of the expected closing date set for October 16, 2025.
$94.8M Registered Offering Triggers Immediate Market Reaction
SEALSQ Corp priced its registered offering at $7.50 per share for 12.64 million ordinary shares. The offering, part of a broader funding effort, totals $94.8 million in gross proceeds before expenses and commissions. The move led to a swift dip in share price as markets adjusted to the dilution impact.
The registered offering utilizes an effective shelf registration statement previously approved by the U.S. SEC. The company filed the required documents under Form F-3 and Rule 462(b), enabling immediate execution. Maxim Group LLC acted as the exclusive placement agent for the transaction.
This capital injection aims to strengthen SEALSQ’s cash reserves and fuel its ongoing technology development. Market participants responded quickly to the news, sending the stock downward in early trade. However, the company’s leadership emphasized the strategic intent behind the raise.
$105.2M Private Placement Expands Capital Access
In a concurrent move, SEALSQ initiated a private placement involving pre-funded and Class D warrants. This portion raised $105.2 million and involved 14,026,666 pre-funded warrants and 53,333,332 Class D warrants. All instruments were priced at $7.50, matching the public share offer.
The Class D warrants are immediately exercisable and carry a strike price of $9.25 per share, expiring in seven years. These were offered under Section 4(a)(2) and Regulation D of the Securities Act, bypassing registration requirements. The ordinary shares linked to these warrants also remain unregistered at this time.
Heights Capital Management, Inc. led the private placement, securing significant capital outside public markets. The combination of public and private channels signals SEALSQ’s aggressive funding strategy. This will support expansion into Post-Quantum and Quantum technology segments in the U.S. and beyond.
Strategic Roadmap Centers on Post-Quantum Growth
SEALSQ aims to use the proceeds to accelerate its roadmap in post-quantum security technologies. The company has positioned itself at the forefront of semiconductor and PKI development, focused on next-generation cybersecurity. Leadership expects a pro-forma cash position of approximately $400 million following the deal’s completion.
This enhanced liquidity will support strategic acquisitions, intellectual property expansion, and U.S. market deployment. The transaction’s structure reinforces SEALSQ’s plan to commercialize quantum-ready products at scale. Management highlighted the alignment between funding and long-term growth objectives.
The Offering closes October 16, 2025, subject to standard closing conditions. SEALSQ intends to maintain its momentum by effectively leveraging its expanded capital base. The company continues its pursuit of advanced hardware and software innovations in the security sector.
