WISeSat.Space Holdings Corp. (Nasdaq: SAIQ) closed at $6.84 on Oct. 20 after a 100.59% daily gain, the same day the company announced a satellite deployment.
Historical prices listed by Stock Analysis, which names S&P Global Market Intelligence as its data provider, show SAIQ traded between $4.52 and $6.92 on Oct. 20, compared with a $3.41 close on Oct. 19. The shares fell by double digits on Oct. 21. Earlier in the month, SAIQ gained 260.54% on Oct. 5, then lost 22.64% the next day.
WISeSat announced at 8 a.m. ET on Oct. 20 that FOSSASAT-2E27 had been deployed during SpaceX’s Bandwagon-5 mission. FOSSA Systems developed and operates the 6U spacecraft, which uses VaultIC security technology from SEALSQ Corp., according to the company announcement. WISeSat described the mission as an opportunity to validate satellite security technology in orbit.
WISeSat said its technical arrangement with FOSSA covers as many as six selected missions. A trial of SEALSQ’s next-generation QS7001 post-quantum secure element would depend on technical readiness and integration. The company said selected experiments are intended to include six-month monitoring periods.
