SEALSQ to Acquire Satellite Capacity from WISeSat.Space in $15 Million Deal

SEALSQ (LAES) has entered into a binding letter of intent to acquire satellite capacity from its sister company, WISeSat.Space (SAIQ). The proposed $15 million transaction includes access to 12 satellites and encompasses mission control, ground infrastructure, spectrum filing, and operational support services. The deal aims to integrate space-based capabilities into SEALSQ's existing service offerings. By securing dedicated capacity and supporting infrastructure, the company intends to bolster its technological footprint within the satellite communications and security sectors.

By Preeti Singh, SA News Editor · Seeking Alpha ·

SEALSQ to Acquire Satellite Capacity from WISeSat.Space in $15 Million Deal

Tickers: $LAES $SAIQ

Topics: Acquisition Letter of Intent Satellite Technology

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