WISeQey Corp.

EFFECT effective

424B3 priced

4,177,172 shares

WISeKey International Corp.'s current 424B3 filing highlights risks related to SEALSQ's semiconductor business, including dependence on fluctuating customer demand, price erosion, and challenges in post-quantum cryptography product development. The filing emphasizes vulnerabilities in quantum-resistant chip certification processes, delays in market availability, and exposure to regulatory and technological shifts. It also underscores the impact of quantum computing on cryptographic security and the potential for significant financial losses due to product defects, certification failures, and market adoption uncertainties.

F-4 filed

4,177,172 shares

DRS filed

WISeQey Corp. reported revised segment information for 2025, establishing two reportable segments: Semiconductors and ASIC, with the latter created following the August 4, 2025 acquisition of IC’Alps. The Semiconductors segment focuses on secure microprocessors, while ASIC handles custom IC/Soc development. Financial results show a total operating loss of $15.16M in 2025, with significant revenue declines in ASIC compared to prior years. The company faces tax examinations in multiple jurisdictions and operating loss carry-forwards.