WISeSat.Space Completes SPAC Merger, Begins Trading on Nasdaq as SAIQ
SAIQ sits 20% above its 52-week low of $1.76 on elevated volume (21× avg).
Summary
WISeSat.Space, the space technology subsidiary of WISeQey (formerly WISeKey), completed its business combination with Columbus Acquisition Corp. and began trading on Nasdaq under ticker SAIQ on October 2, 2026. The deal was approved by CAC shareholders on September 30 and closed October 1. This creates a separately listed public company focused on post-quantum-secure satellite communications and IoT connectivity. The listing provides WISeSat.Space with direct access to public capital markets to fund satellite infrastructure expansion. WISeQey (WKEY) retains its stake in the subsidiary while SEALSQ Corp (LAES) is a sister company within the ecosystem. Watch for initial trading liquidity and any subsequent capital raises or satellite launch announcements.
At the time of this announcement, SAIQ was trading at $2.11 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.3M. The 52-week trading range was $1.76 to $12.95. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.