Wisekey

WISeKey rallied sharply in regular trading on Wednesday, surging about 5.1% to $7.38 as of 09:50 ET, mainly driven by pre-market news that the company and SEALSQ's SPV Quantisimo signed a Letter of Intent to merge with GigCapital8 at a $575 million valuation for a Nasdaq listing. The stock climbed from its pre-market low of $7.02 to an intraday high of $7.38, yet it remains below both the 20-day MA of $7.547 and the 60-day MA of $7.891, and has fallen 62.73% from its 52-week high of $19.8. While Q4 2025 revenue doubled YoY to $7 million and net loss narrowed by about 59%, the stock price still lags key moving averages, underscoring cautious investor sentiment amid the merger's execution risk.