Harneys advises SEALSQ, a NASDAQ listed company, on its placement and issuance of US$60 million in new shares

These offerings were conducted under a registration statement and base prospectus filed on 20 November, which covers the issuance of up to US$100 million in securities. Harneys provided expert BVI legal counsel on the registration statement and supported all offerings. These offerings have garnered significant investor interest, reinforcing SEALSQ’s financial position and growth strategy.

Harneys has worked with SEALSQ since its NASDAQ listing last year, delivering trusted legal advice on capital markets transactions and corporate governance.

SEALSQ is an international security solutions provider specialising in semiconductor, PKI, and post-quantum technology hardware and software. Its post-quantum solutions include post-quantum microchips and devices that can be used in a variety of applications, from multi-factor authentication devices, home automation, and IT network infrastructure, to automotive, industrial automation, and control systems. SEALSQ was formerly a wholly owned subsidiary of WISeKey International Holdings AG. The deal proceeded via an innovative transaction which involved all WISeKey shareholders receiving shares via a special dividend.

The Harneys team was led by Partner George Weston with support from Counsel James Kitching and Senior Associate Priya Mattu. [1]

George said:” We are pleased to have advised SEALSQ on this significant funding milestone, which underscores their continued growth and market presence. Completing these three-time sensitive deals, which attracted strong investor interest, highlights our expertise in guiding innovative companies through complex equity capital markets transactions with responsive service. We look forward to supporting SEALSQ as they continue their journey.”

The Corporate team at Harneys excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg, and Cyprus vehicles. The firm’s significant track record includes complex mega-deals, high-value private equity transactions, landmark IPOs, and the full spectrum of public and private M&A and joint ventures.

[1] The appointments of James Kitching to counsel and Priya Mattu to senior associate are effective 1 January 2025, pending regulatory approval.