Monitor for any distribution of WISeQey's shares to its shareholders, which could increase the public float of SAIQ. Also watch for the potential issuance of up to 1.07M additional shares to SEALSQ if the stock trades below the PIPE price.
Price Chart
Executive Summary
WISeQey Corp., SEALSQ Corp., and Carlos Moreira filed a Schedule 13D disclosing aggregate beneficial ownership of 26,405,355 WISeSat ordinary shares (on an as-converted basis), representing approximately 88.5% of the fully diluted shares of WISeSat.Space Holdings Corp. (SAIQ). The filing is a control-disclosure document following the closing of a business combination and PIPE investment, not an activist campaign — the reporting persons are insiders who control the company.
Key Financial Metrics
Key Facts
- WISeQey holds 11,430,139 ordinary shares and 11,956,922 Class F shares (convertible 1:1), plus deemed ownership of SEALSQ's 1,977,816 ordinary shares and 1,040,478 Class F shares via 51% voting control of SEALSQ.
- SEALSQ directly holds 1,977,816 ordinary shares (including 926,784 from a $10M PIPE investment at $10.79/share and 10,554 from note conversion) and 1,040,478 Class F shares.
- Carlos Moreira is deemed to beneficially own all 26,405,355 shares via his ~49.8% voting power in WISeQey and CEO/director positions.
- The Class F shares carry 49.99% of total voting power and are subject to a voting agreement requiring all holders to vote with the majority holder (currently WISeQey).
- The business combination valued SpaceAIQ at $260M ($250M equity + $10M transaction financing), resulting in 26M total WISeSat shares issued to sellers.
- SEALSQ may receive up to 1,073,216 additional subscription shares if the VWAP falls below the PIPE purchase price (floor $5.00).
- WISeQey may distribute up to 10% of its exchange shares to its own shareholders; recipients who are 5%+ holders or officers/directors are locked up for 6 months.
Financial Impact
No direct financial impact — this is a control disclosure filing post-closing. The $260M aggregate deal value and $10M PIPE investment are historical.
Risk Factors
- Concentrated control — WISeQey and affiliates hold ~88.5% of fully diluted shares, limiting public float and liquidity.
- Potential dilution from additional subscription shares to SEALSQ if SAIQ stock price declines.
- Lock-up expirations could lead to selling pressure from distributed shares.
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D Filing (Primary) | 0001213900-26-108089 |
| Document: ea030798801ex99-2.htm | 0001213900-26-108089 |
| Document: ea030798801ex99-1.htm | 0001213900-26-108089 |
| Document: ea030798801ex-3.htm | 0001213900-26-108089 |
| Document: 0001213900-26-108089-index-headers.html | 0001213900-26-108089 |
| Document: 0001213900-26-108089-index.html | 0001213900-26-108089 |
| Document: 0001213900-26-108089.txt | 0001213900-26-108089 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $7.40 | awaiting T+5 | — | $7.30 (−1.28%) |
Oct 26, 2026 1d ago | 6-K | $6.25 | awaiting T+5 | — | $7.30 (+16.88%) |
Oct 26, 2026 1d ago | Press Release | $5.94 | awaiting T+5 | — | $7.30 (+22.95%) |
Oct 14, 2026 13d ago | SC 13D/A | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 13, 2026 13d ago | 3 | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 13, 2026 13d ago | 3 | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 13, 2026 13d ago | 3 | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 13, 2026 13d ago | 3 | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 13, 2026 13d ago | 3 | $3.88 $5.56 | ▲ +43.30% | ▲ +42.85% | $7.30 (+88.27%) |
Oct 8, 2026 18d ago | SC 13D | $4.68 $3.16 | ▼ −32.48% | ▼ −30.51% | $7.30 (+56.09%) |
US Market Status
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