Financing ·
WISeSat.Space closes $10M PIPE led by SEALSQ as WQEY begins Nasdaq trading
WKEYWISeQey Corp.
WISeQey Corp. began trading on the Nasdaq and SIX exchanges under the symbol WQEY following its redomiciliation from Switzerland to the British Virgin Islands. Concurrently, WISeSat.Space Holdings Corp., a subsidiary of WISeQey, closed a $10 million private investment in public equity (PIPE) led by SEALSQ Corp. The investment was priced at $10.79 per share and includes a price-protection mechanism that may result in additional shares if the stock price falls below this level over a specified period. WISeSat.Space intends to use the capital to expand its satellite infrastructure and integrate post-quantum cryptography security technologies into its space, ground, and user-segment architectures. The transaction is classified as a related party transaction as both companies are subsidiaries of WISeQey. WISeQey Corp. operates in the quantum cybersecurity, digital identity, and space technology sectors.