SEALSQ Corp’s (LAES) stock plummeted 21.5% following its announcement of a registered direct offering of 13,157,896 shares at $1.90 per unit – a significant discount. This move, expected to raise $25 million, is intended to fund post-quantum semiconductor technology deployment and working capital but has sparked investor concern over dilution and the company’s financial outlook. The offering is set to close around December 19, 2024.