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WISeKey International Holding Ltd secures another CHF 5.4 million of cash in a second tranche of a mandatory convertible loan note placed with selected strategic investors

ZUG, Switzerland & GENEVA–(BUSINESS WIRE)–WISeKey International Holding Ltd (WIHN.SW) (“WISeKey”) announced today that it has raised another CHF 5.4 million of cash via the placement of a second tranche of a mandatory convertible loan note (“Tranche II Mandatory Loan Note”) with selected strategic investors. As previously announced, the first tranche of the Mandatory Convertible Loan Note in the amount of CHF 3 million was placed with strategic investors on 24 June 2016.

At maturity of the Tranche II Mandatory Loan Note on 12 October 2016, the security will automatically convert into 1,020,000 – 1,080,000 new WISeKey International Holding Ltd Class B Shares, to be issued from existing listed conditional capital.

WISeKey may place a third tranche of the Mandatory Loan Note at then prevailing market terms in the amount of up to CHF 10 million in the weeks to come. WISeKey intends to use the proceeds of this financing to enter and/or expand its presence in several new markets via strategic acquisitions and to further reinforce its IoT Cybersecurity Platform.

ACXIT Capital Partners act as financial advisor and arranger to WISeKey and Homburger act as legal counsels to WISeKey in this transaction.

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company and selected as a World Economic Forum Global Growth Company. WISeKey is currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution” movement launched this year at the World Economic Forum in Davos. 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.


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.


For further information, please contact:
Youmna Abisaleh, +41 22 594 30 40
Marketing Communications
Investor Relations (United States)
The Equity Group, Inc.
Lena Cati, 212-836-9611