Mergers & Acquisitions ·
SEALSQ Corp agrees to merge with GigCapital8 SPAC in $666M deal for quantum platform
LAESSEALSQ Corp
SEALSQ Corp, a developer of post-quantum security products and semiconductors, has entered into a definitive Agreement and Plan of Merger with GigCapital8 Corp., a special purpose acquisition company. The transaction will result in the formation of Quantisimo Holding Corp. (PubCo), a new publicly traded holding company that will combine SEALSQ’s quantum cybersecurity capabilities with WISeQey’s space IoT assets under a pure-play sovereign quantum vertical platform strategy. Upon closing, SEALSQ and WISeQey shareholders are expected to receive an aggregate of 66,610,000 PubCo shares, implying a pro forma equity value for Quantisimo of approximately $666.1 million at $10.00 per share. The deal requires shareholder approval from both entities and is expected to close in the first quarter of 2027, subject to customary conditions including a minimum cash condition of $15 million. SEALSQ Corp operates in the technology sector, specializing in post-quantum cryptography hardware and software solutions.