0000000000-24-009478.txt : 20241025 0000000000-24-009478.hdr.sgml : 20241025 20240819143605 ACCESSION NUMBER: 0000000000-24-009478 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240819 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: SEALSQ Corp CENTRAL INDEX KEY: 0001951222 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 333-276877 BUSINESS ADDRESS: STREET 1: AVENUE LOUIS-CASAI 58 CITY: COINTRIN STATE: V8 ZIP: 1216 BUSINESS PHONE: 212-336-2039 MAIL ADDRESS: STREET 1: CRAIGMUIR CHAMBERS, ROAD TOWN CITY: TORTOLA STATE: D8 ZIP: VG 1110 FORMER COMPANY: FORMER CONFORMED NAME: SEAL (BVI) Corp. 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Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Post Effective Amendment No. 4 to Form F-1 filed July 31, 2024 General 1. Refer to your disclosure on page 11 that the expected role of SEALSQ Corp in the SEALCOIN project is to provide research and development expertise and to your response to prior comment 2 that you intend to enter into an agreement to be reimbursed for the time spent by research and development staff on future support of the SEALCOIN project. We also note new disclosure on page 11 that such future support is expected to be related to the integration of the Company s hardware and firmware into the SEALCOIN platform under development. Please advise us in greater detail of the expected elements of this future support of SEALCOIN to be provided by SEALSQ. Also, in light of this future SEALCOIN support, provide an updated response to comments 1-4 of our letter dated June 17, 2024 including a current analysis supporting the assertion in your letter dated July 2, 2024 that you did not believe at that time that it was appropriate to respond to such comments with the requested disclosures and risk factors relating to SEALCOIN because SEALCOIN development was expected to be moved to WISeKey International Holding August 19, 2024 Page 2 AG with the only expected role of SEALSQ in the SEALCOIN project being the sale of chips to SEALCOIN AG. Lastly, please provide an update on the timing of the incorporation of SEALCOIN AG and on the timing and terms of the related agreements. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Bradley Ecker at 202-551-4985 or Evan Ewing at 202-551-5920 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing