What's Going On With SEALSQ Corp (LAES) Shares Skyrocketing?

SEALSQ Corp LAES shares are trading higher by 50% to $2.61 during Monday’s session after the company announced the pricing of a Securities Purchase Agreement with institutional investors to sell 7,692,308 ordinary shares at $1.30 per share in a registered direct offering, expected to close on December 16.

The offering is projected to generate gross proceeds of approximately $10 million, before fees and expenses.

What Else: The offering is conducted under the company's existing shelf registration statement on Form F-3, declared effective by the SEC on November 27. A prospectus supplement will be filed around the expected closing date.

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Key terms include restrictions on issuing additional shares or engaging in variable rate transactions until March 31, 2025, or later, subject to exceptions.

Additionally, the company will adjust the terms of previously issued warrants, including reducing exercise prices and increasing warrant quantities, depending on whether a $10 million convertible note tranche closes by January 16, 2025.

Maxim Group LLC is acting as the placement agent, receiving a 7% fee on gross proceeds and reimbursement for up to $40,000 in expenses. Full details of the agreements are available in the company's Form 6-K filing.

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How To Buy LAES Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in SEALSQ’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, LAES has a 52-week high of $3.95 and a 52-week low of $0.29.