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Stock impact report

SEALSQ Corp (LAES): One of the Popular Penny Stocks on Robinhood [Yahoo! Finance]

SEALSQ Corp - Ordinary Shares (LAES) 
Company Research Source: Yahoo! Finance
Intent (LOI) to acquire 100% of Miraex SA, a photonics-based quantum interconnect company. SEALSQ Corp (LAES) Signs LOI to Acquire Quantum Interconnect Firm Miraex Photo by JESHOOTS.COM on Unsplash 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 Show less Read more
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