SecProbe.io

August 19, 2024
Carlos Moreira
Chief Executive Officer
SEALSQ Corp
Craigmuir Chambers, Road Town
Tortola, British Virgin Islands 1110
Re:SEALSQ Corp
Post-Effective Amendment No. 4 to Form F-1
Filed on July 31, 2024
File No. 333-276877
Dear Carlos Moreira:
            We have reviewed your post-effective amendment and have the following comment(s).
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Post Effective Amendment No. 4 to Form F-1 filed July 31, 2024
General
Refer to your disclosure on page 11 that the “expected role of SEALSQ Corp in the
SEALCOIN project is to provide research and development expertise” and to your
response to prior comment 2 that you intend to enter into an agreement to be reimbursed
for the time spent by research and development staff on future support of the SEALCOIN
project. We also note new disclosure on page 11 that such future support is expected to be
related to the integration of the Company’s hardware and firmware into the SEALCOIN
platform under development. Please advise us in greater detail of the expected elements of
this future support of SEALCOIN to be provided by SEALSQ. Also, in light of this future
SEALCOIN support, provide an updated response to comments 1-4 of our letter dated
June 17, 2024 including a current analysis supporting the assertion in your letter dated
July 2, 2024 that you did not believe at that time that it was appropriate to respond to such
comments with the requested disclosures and risk factors relating to SEALCOIN because
SEALCOIN development was expected to be moved to WISeKey International Holding 1.

August 19, 2024
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AG with the only expected role of SEALSQ in the SEALCOIN project being the sale of
chips to SEALCOIN AG. Lastly, please provide an update on the timing of the
incorporation of SEALCOIN AG and on the timing and terms of the related agreements.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Please contact Bradley Ecker at 202-551-4985 or Evan Ewing at 202-551-5920 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing