Skip to content

WISeKey and ExWorks have amended the US $16.4 million Acquisition Line of Credit Agreement

WISeKey and ExWorks have amended the US $16.4 million

Acquisition Line of Credit Agreement

ZUG, Switzerland – WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN) today announced that WISeKey and ExWorks have agreed to an amendment to the US $16.4 million acquisition line of credit agreement (the “Credit Facility”). ExWorks have the possibility to receive interest on the Credit Facility in lieu of cash in Class B shares; the conversion price is determined by reference to market at the relevant time, subject to a floor determined by reference to the current 30-trading day VWAP. In addition, ExWorks have increased their overall commitment to US$16.65 million. WISeKey may elect to pay the increase in cash or in 83,333 Class B Shares.
As previously announced, ExWorks’ Credit Facility can be up-sized or syndicated at the same terms for up to an additional $10.0 million by way of adding co-lender(s) or selling a participation interest.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN) is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems. WISeKey’s Swiss based Cryptographic Root of Trust (RoT) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers. For more information, visit
About ExWorks Capital (
ExWorks Capital, headquartered in the USA, is an international, import and export finance company that offers financing solutions to businesses utilizing its own capital as well as by leveraging its Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s offerings include:
Export and Import Trading – ExWorks can provide between $500,000 and $25,000,000 per trade to suppliers that need the funds to be able to purchase goods for sale to international buyers, thereby eliminating the need to raise equity in order to fulfil international sales contracts.
Working Capital Financing – ExWorks can provide International Trade Receivable and Inventory Revolvers, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.
Term Loan Financing – ExWorks can provide Term Loans between $10,000,000 and $100,000,000 to Foreign Customers.
Press and investor contacts:

WISeKey International Holding Ltd
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
WISeKey Investor Relations (US)
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.