Insider Brief
WISeKey and SEALSQ’s joint venture Quantisimo has signed a non-binding letter of intent with GigCapital8 to explore a business combination that would create a Nasdaq-listed quantum technology company.
The proposed transaction values Quantisimo at approximately $575 million pre-money, with plans to expand through acquisitions targeting a valuation of up to $2 billion, subject to approvals and closing conditions.
Quantisimo aims to build a publicly traded platform focused on trusted quantum technologies by combining proprietary technologies, intellectual property, strategic investments, and selected assets from SEALSQ’s SealQuantum portfolio.
Press release – WISeKey International Holding Ltd. (“Wisekey”) (SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity and trusted digital ecosystems, and its subsidiary SEALSQ Corp. (Nasdaq: LAES), a leading developer of semiconductors, PKI, and post-quantum technologies, today announced that their jointly established special purpose vehicle, Quantisimo Corp. (“Quantisimo”), has entered into a non-binding Letter of Intent (“LOI”) with GigCapital8 Corp. (Nasdaq: GIW) (“GigCapital8”), a publicly traded Private-to-Public Equity (PPE)™, also known as special purpose acquisition company (SPAC), to explore the establishment of a Nasdaq-listed strategic quantum technology platform.
