WISeSat receives $10M PIPE investment from SEALSQ for satellite security

WISeSat.Space Holdings Corp. (Nasdaq: SAIQ) announced the closing of a $10 million private investment in public equity (PIPE) from SEALSQ Corp. (Nasdaq: LAES), with the transaction closing on October 1, 2026, concurrently with the closing of a business combination.

The purchase price was $10.79 per share, equal to the redemption price. The subscription agreement includes a price-protection mechanism that may result in the issuance of additional WISeSat ordinary shares to SEALSQ if the volume-weighted average price for the 10 consecutive trading days ending on the 60th calendar day after closing falls below the purchase price, subject to a maximum issuance of an additional 1,073,216 shares. SEALSQ is also subject to customary lock-up restrictions.

WISeSat.Space said the capital will support the expansion of its satellite infrastructure and the integration of post-quantum cryptography security technologies into its satellites and ground systems. The company is developing a new generation of satellites intended to support digital identity and data exchange through space-based infrastructure.

Under the arrangement, WISeSat.Space would provide satellite capacity and related infrastructure, while SEALSQ would use that capacity to support delivery of quantum and post-quantum services using its semiconductor and cryptographic technologies.

Both WISeSat.Space and SEALSQ are subsidiaries of WISeQey Corp. (Nasdaq/SIX: WQEY), a holding company focused on cybersecurity, digital identity, space technology, and IoT.

Gwenael Rouy-Poirier, CFO of WISeSat.Space, said in a statement, "This $10 million investment strengthens our balance sheet as we move into the next phase of WISeSat.Space's development. Our focus is disciplined capital allocation as we advance the satellite infrastructure, post-quantum security integration and industrial partnerships required to build a scalable business."

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