WISeKey Publishes Timeline of the Reverse Stock Split
June 27 2023 - 12:00PM
WISeKey
Publishes Timeline of the
Reverse Stock Split
GENEVA (June
27, 2023) – WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a
leading global cybersecurity, AI, Blockchain, and semiconductors
company, today announced the timeline of the previously announced
reverse stock split of its Class B shares listed on the SIX Swiss
Exchange. The reverse stock split was approved by shareholders at
the Annual General Meeting held on June 22, 2023.
- June 29, 2023: Last trading day of
old Class B shares (on a pre-reverse stock split basis) on SIX
Swiss Exchange (ISIN CH0314029270)
- June 30, 2023 (the "ex-date"): First
trading day of new Class B shares (on a post-reverse stock split
basis) on SIX Swiss Exchange (ISIN CH1276062754)
The reverse stock split of Class B shares may
result in fractions of new Class B shares for the individual
shareholder. This is the case if shareholders hold an amount of
WISeKey Class B shares that is not divisible by 50 or a multiple
thereof. The resulting fractions in new Class B shares are rounded
down to the next whole number and shareholders will be compensated
for such fractions in cash at a fixed price per share corresponding
to a three-day volume-weighted average price of the WISeKey Class B
Shares on the SIX Swiss Exchange prior to the ex-date of the
reverse stock split.
For WISeKey's Class A shares (which are not
listed and traded on the SIX Swiss Exchange), a reverse stock split
in the ratio of 25 old Class A shares into 1 new Class A share has
been effected, in accordance with the shareholder approval obtained
at the 2023 Annual General Meeting. Any resulting fractions of new
Class A shares will be rounded down to the next whole number
without compensation.
Additional information about the reverse stock
split is provided in a Q&A available at
https://www.wisekey.com/company/investors/.
About WISeKeyWISeKey (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.5 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely positioned
to be at the edge of IoT as our semiconductors produce a huge
amount of Big Data that, when analyzed with Artificial Intelligence
(AI), can help industrial applications to predict the failure of
their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based
cryptographic Root of Trust (“RoT”) provides secure authentication
and identification, in both physical and virtual environments, for
the Internet of Things, Blockchain and Artificial Intelligence. The
WISeKey RoT serves as a common trust anchor to ensure the integrity
of online transactions among objects and between objects and
people. For more information, visit www.wisekey.com.
Press and investor contacts:
WISeKey International Holding LtdCompany Contact:
Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey Investor Relations (US)Contact: Lena
CatiThe Equity Group Inc.Tel: +1 212
836-9611lcati@equityny.com |
Disclaimer
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
the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor
legislation or advertising within the meaning of the FinSA.
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.
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