WISeSat.Space Holdings Corp. (NASDAQ: SAIQ) shares are trading higher during Monday's premarket session and were up as much as 500% at one point.
On Friday, WISeQey Corp.'s subsidiary WISeSat.Space disclosed the completion of its previously announced business combination (reverse SPAC merger) with Columbus Acquisition Corp. (CAC) on October 1, 2026.
WISeSat.Space's ordinary shares began trading on Nasdaq under "SAIQ" on October 2, 2026.
Carlos Moreira, founder, chairman and CEO of WISeSat.Space and WISeQey, is scheduled to ring the Nasdaq Opening Bell on October 9, 2026, at Nasdaq MarketSite in Times Square, New York City.
The listing supports WISeSat.Space's plans to expand secure satellite connectivity, leveraging WISeQey's expertise in cybersecurity, digital identity and secure semiconductors to connect IoT devices beyond terrestrial networks.
What WISeSat.Space Does in Secure Satellite Infrastructure
WISeSat is a space technology company focused on the development of secure satellite infrastructure and related space-based services.
Its platform centers on satellite connectivity, secure communications, digital identity, and quantum-resilient security technologies across an ecosystem of industrial and institutional partners.
The company has been deploying satellites since 2024 and is developing secure satellite connectivity for connected devices across remote monitoring, logistics, defense and infrastructure management.
As part of the WISeKey technology ecosystem, including collaboration with sister company SEALSQ Corp. (NASDAQ: LAES), WISeSat.Space plans to combine hardware-based security, device authentication and post-quantum protection within its satellite communications infrastructure.
The technology is designed to address current cybersecurity threats while preparing connected devices for potential risks from future quantum computing.
SAIQ Price Action: WISeSat Space Holdings shares were up 308.63% at $7.55 during premarket trading on Monday. The stock is trading at a new 52-week high, according to market data.
