WISeKey (WKEY) and unit SEALSQ (LAES) said Thursday that their joint venture, Quantisimo, signed a non-binding letter of intent to merge with special purpose acquisition company GigCapital8 in a deal that would create a Nasdaq-listed quantum technology company.
The combined company is expected to have a pre-money enterprise value of about $575 million upon completion of the transaction.
The combined company plans to pursue acquisitions of up to five additional quantum technology companies, which could increase its valuation to as much as $2 billion.
The transaction is expected to close in Q1 2027, they added.
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