SEALSQ Shares Drop After Pricing of $20 Million Direct Offering
MT Newswires Live
May 06, 2025
SEALSQ (LAES) shares dropped about 20% in recent Monday trading after the company struck a deal to sell 10 million shares at $2.00 a share to institutional investors.
The stock closed at $2.87 on Friday.
The firm said it plans to use the net proceeds to help fund the Quantix EdgeS joint venture, support the intended acquisition of IC ALPS, the deployment of its semiconductor technology and ASIC capabilities in the US, and for general corporate purposes.
The offering is expected to close Tuesday, with Maxim Group as placement agent, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.