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WISeKey completes Draw Down under the Yorkville Standby Equity Distribution Agreement

WISeKey completes Draw Down under the Yorkville Standby Equity Distribution Agreement

Zug, Switzerland, 29 June 2018 – WISeKey International Holding Ltd (SIX: WIHN, OTCQX: WIKYY) (“WISeKey”) announced today that the pricing period regarding the draw-down under the Standby Equity Distribution Agreement (“SEDA”) with a fund managed by Yorkville Advisors Global, LLC (“Yorkville”), as previously announced has ended and that Yorkville has subscribed for 258,397 registered shares, par value CHF 0.05 each (the “Class B Shares”), at an issue price of CHF 3.87 per Class B Share and an aggregate issue price of CHF 1,000,000. The new Class B Shares will be issued to Yorkville out of WISeKey’s authorized capital and be listed and tradeable on the SIX Swiss Exchange.

Under the terms of the SEDA, Yorkville has committed to provide WISeKey, upon a draw-down request by WISeKey, up to CHF 50 million in equity financing over a three-year period in tranches of up to CHF 1 million each or, if WISeKey provides a sufficient number of Class B Shares through share lending, up to CHF 5 million each.

This is the first time WISeKey drawdowns from the SEDA as the SEDA provides WISeKey with the necessary financial flexibility to continue investing on WISeKey’s US operation expansion, which is key at this stage to further expand our market penetration and revenue generation, said WISeKey CEO Carlos Moreira.

For further information, please contact:

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

About WISeKey
WISeKey (SIX: WIHN, OTCQX: WIKYY) 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.