Exhibit 21.1 Subsidiaries of SEAL Corp
The following is a list of companies that form part of the SEAL group as of the date of the prospectus:
| Group Company Name | Country of incorporation | Year of incorporation | Share Capital | % ownership | Nature of business | |||||
| SEAL Corp. | British Virgin Islands | 2022 | USD 300,000 | n/a | Investment and Holding Company | |||||
SEALSQ France SAS (Formerly WISeKey Semiconductors SAS) | France | 2010 | EUR 1,473,162 | 100.0% | Chip manufacturing, sales & distribution | |||||
| WISeKey IoT Japan KK | Japan | 2017 | JPY 1,000,000 | 100.0% | Sales & distribution | |||||
| WISeKey IoT Taiwan | Taiwan | 2017 | TWD 100,000 | 100.0% | Sales & distribution | |||||
| SEALSQ USA, Ltd. | USA | 2024 | USD 0 | 100.0% | Cybersecurity & post quantum semiconductors technology, development & services |
The following diagram sets out the group structure as of the date of this prospectus:
