Harneys advises SEALSQ Corp on NASDAQ listing
Harneys acted as BVI legal counsel to SEALSQ Corp, a BVI company, on its successful US listing. SEALSQ’s shares commenced trading under the ticker “LAES” on the Nasdaq Global Market on 24 May 2023. The SEALSQ team rang the opening bell on the exchange on 26 May.
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 system. 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 Senior Associate James Kitching and Associates Charlotte Allery, Rhonda Brown, and Melissa Thomas.
WISeKey Founder Carlos Moreira said: “We are incredibly proud to have reached the milestone of listing SEALSQ Corp on the Nasdaq. This could not have been achieved without the support of George, James and the Harneys team, who accompanied us every step of the way with their constructive advice and comprehensive knowledge.”
George said: "We are delighted to have acted for SEALSQ on their successful listing and wish them every success in expanding their investor base across the US and worldwide. This transaction further highlights our equity capital markets expertise and our strong track record working with cutting-edge companies in the tech sector.”
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.