SEALSQ Corp (NASDAQ:LAES) is one of the popular penny stocks on Robinhood to buy. On March 24, SEALSQ Corp (NASDAQ:LAES) signed a Letter of Intent (LOI) to acquire 100% of Miraex SA, a photonics-based quantum interconnect company.
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According to a press release, the LOI grants SEALSQ a 60-day exclusivity window to conduct confirmatory due diligence and negotiate binding transaction documents. SEALSQ noted that the deal is binding on Miraex’s side. The company expects the acquisition to close by the end of June this year after satisfying all regulatory approvals and customary closing conditions. The transaction will be funded through the SEALSQ Quantum Fund, the company said.
Miraex’s core technology connects quantum processors to quantum networks. SEALSQ noted that this is one of the most difficult engineering problems in quantum computing. The technology achieves the feat through a Photonic Integrated Circuit platform built on Thin Film Lithium Tantalate. This material enables the conversion of signals between microwave and optical frequencies. This microwave-to-optical transduction is a foundational requirement for any distributed quantum architecture.
SEALSQ CEO Carlos Moreira framed the deal as completing a missing layer in the company’s Quantum Vertical Stack. “Their photonics-based quantum interconnect solutions are not just complementary to our roadmap, they form a critical interconnect layer linking our quantum computing, quantum networking, and post-quantum cryptography capabilities into a more coherent architecture,” Moreira said.
Beyond the immediate stack, SEALSQ expects the acquisition to accelerate its Quantum Spatial Orbital Cloud initiative. This is the company’s flagship program to deploy quantum-secure capabilities across Low Earth Orbit satellites and terrestrial environments.
SEALSQ Corp (NASDAQ:LAES), a subsidiary of WISeKey International Holding Ltd (NASDAQ:WKEY), is a semiconductor company. It designs and manufactures secure microcontrollers and chips for applications in cybersecurity, artificial intelligence, and the Internet of Things. Its products include secure elements, cryptographic chips, and related software solutions that enable authentication and data protection across connected devices.
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