v3.26.3
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Schedule of Total Consideration Acquisition-Date Fair Value The preliminary acquisition-date fair value attributable to the acquisition consisted of the following components:
   USD’000 
Fair value of previously held equity interest   3,097 
Fair value of interest acquired through the June 2026 capital increase   6,423 
Total consideration attributable to SEALSQ   9,520 
Fair value of noncontrolling interests (“NCI”)   7,627 
Aggregate acquisition-date fair value, including NCI   17,147 
Schedule of Preliminary Allocation of the Acquisition-Date Fair Value

The following table summarizes the preliminary allocation of the acquisition-date fair value as of June 1, 2026:

 

   USD’000 
Restricted cash   6,527 
Technology   4,062 
Trademarks   1,248 
Cash and cash equivalents   455 
Prepaid expenses and other current assets   286 
Crypto assets   71 
Accounts receivable   66 
Total assets acquired, excluding goodwill   12,715 
Deferred income tax liability   (770)
Other current liabilities   (398)
Deferred revenue   (309)
Employee benefit obligation   (295)
Accounts payable   (5)
Total liabilities assumed   (1,777)
Net identifiable assets acquired   10,938 
Goodwill   6,209 
Aggregate acquisition-date fair value, including NCI   17,147 
Schedule of Estimated Useful Lives The weighted-average useful life of the acquired identifiable intangible assets is approximately 15 years.
   USD’000 
Technology   4,062 
Trademarks   1,248 
Acquired identifiable intangible assets   5,310 
Schedule of Pro Forma Consolidated Financial Information

The following unaudited pro forma consolidated financial information presents the combined results of SEALSQ and Wecan as if the acquisition had occurred on January 1, 2025:

 

   6 months ended June 30, 
USD’000  2026   2025 
Revenue   11,487    5,453 
Net income (loss)   (28,209)   (21,300)