SEALSQ Corp ( (LAES) ) just unveiled an update.
SEALSQ Corp is making an offering of 7,692,308 shares of its common stock, enabled by a registration statement filed with the U.S. Securities and Exchange Commission. This legal advice from Harney Westwood & Riegels confirms that the issuance of these shares has been duly authorized under the law of the British Virgin Islands, ensuring that they are validly issued, fully paid and non-assessable once allotted. This development is critical for SEALSQ Corp as it improves their capital structure without imposing further financial obligations on shareholders, potentially strengthening their market position.
More about SEALSQ Corp
YTD Price Performance: 36.72%
Average trading volume: 10,814,712
Technical sentiment consensus rating: To sell
Current market capitalization: $62.32 million
See more insights into LAES stock at TipRanks’ Stock Analysis Page.