WISeKey shareholders approve resolutions for SEALSQ acquisition and NASDAQ listing

  • 27. April 2023

WISeKey Shareholders Approved all Resolutions of the Extraordinary General Meeting, and Bell Ceremony for SEALSQ to Take Place at the NASDAQ on May 26, 2023

April 27, 2023 [crocon media – msch] WISeKey International Holding Ltd, a leading cybersecurity, IoT, and AI platform company, announced that all the proposed resolutions submitted to the shareholders at the Extraordinary General Meeting held on April 26, 2023, were approved by the shareholders. The company will proceed with the next steps to complete the acquisition of the cybersecurity subsidiary SEALSQ in a reverse takeover transaction. As a part of this deal, SEALSQ will be listed on the NASDAQ under the ticker symbol “SQSQ” on May 26, 2023.

The shareholders of WISeKey approved the following resolutions:

  1. The share capital of the Company will be increased by CHF 6,728,068.60 to CHF 16,045,740 by the issuance of 6,728,068 new registered shares with a nominal value of CHF 1 each. The newly created shares will be fully paid-in, and the company’s current shareholders will receive the new shares in the ratio of one new share for each share held on the record date.
  2. The company’s Articles of Association will be amended to reflect the changes in the share capital and the increase in the number of authorized shares to 30,000,000.
  3. The company’s board of directors will be authorized to issue additional shares in connection with the acquisition of SEALSQ.

The acquisition of SEALSQ is aimed at strengthening WISeKey’s cybersecurity, IoT, and AI capabilities. SEALSQ has developed patented Artificial Intelligence and blockchain-based cybersecurity solutions that complement WISeKey’s existing offerings. The combination of WISeKey and SEALSQ’s technology and expertise is expected to result in a comprehensive cybersecurity platform that meets the growing demand for end-to-end solutions.

The Bell Ceremony for the SEALSQ listing on the NASDAQ will be held on May 26, 2023. Carlos Moreira, the Chairman, and CEO of WISeKey, said, “We are delighted that our shareholders have approved all resolutions of the Extraordinary General Meeting, and we are now excited to complete the acquisition of SEALSQ and take the company public on the NASDAQ. The acquisition of SEALSQ is an important step in our growth strategy, and we are confident that our combined capabilities will enable us to offer a more comprehensive and innovative suite of cybersecurity, IoT, and AI solutions to our clients.”

Overall, the acquisition of SEALSQ is expected to have a positive impact on WISeKey’s business operations, which is a significant development for the company and its shareholders.

Read the original news release here.


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