WISeKey completes Draw-Down under GEM Share Subscription Facility
Zug, Switzerland, 10 August 2017 – WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey“) announced today that the pricing period regarding the draw-down under the Share Subscription Facility Agreement (“SSF“) with Global Emerging Markets (“GEM”), as previously announced, has ended and that GEM has subscribed for 325,000 Class B Shares at an aggregate issue price of CHF 1,396,575. The new Class B Shares will be issued to GEM out of WISeKey’s authorized capital. This draw-down from the SSF is intended to be used, among other things, to enter and/or expand WISeKey’s presence in the North American market to further reinforce WISeKey’s business.
For further information, please contact:
| WISeKey International Holding Ltd
Chairman & CEO
Tel: +41 22 594 3000
| WISeKey Investor Relations (US)
The Equity Group Inc.
Tel: +1 212 836-9611
WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution”. 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. The RoT serves as a common trust anchor, which is recognized by the operating system and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature as a service to secure interactions among objects and between objects and people. WISeKey has patented this process in the USA as it is currently used by many IoT providers.
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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.