11:08 AM EST, 02/27/2025 (MT Newswires) -- SEALSQ ( LAES ) said Thursday it is negotiating a deal to acquire IC'ALPS following its letter of intent.

The transaction is conditional on appropriate due diligence, execution of definite agreements, and approval by French regulatory authorities, according to SEALSQ ( LAES ).

Completion of the deal will expand SEALSQ's ( LAES ) workforce by about 100 of IC'ALPS' staff working in Grenoble and Toulouse, SEALSQ ( LAES ) added.

Shares of the company were up 2% in recent trading.

Price: 3.15, Change: +0.06, Percent Change: +1.94