WISeKey‘s ADS Reverse Split to Become Effective on June 23, 2022
June 22 2022 - 12:00PM
WISeKey‘s ADS
Reverse Split to Become
Effective on
June 23,
2022
Geneva,
Switzerland, June
22,
2022 – Ad-Hoc
announcement pursuant to Art. 53 of SIX Listing
Rules– WISeKey International Holding Ltd.
(NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company” or the
“Group”), a leading cybersecurity and IoT company, announced today
that its previously announced 1-for-2 reverse split of American
Depository Shares (“ADS”) listed on the NASDAQ under the ticker
“WKEY” will become effective on June 23, 2022, and the ADSs will
start trading under the new share price.
Under the current ratio, 1 ADS represents 5
Class B common shares listed on the Swiss Stock Exchange which
means that, post-split 1 ADS will represent 10 Class B common
shares.
The number of shares owned by ADS holders will
be adjusted after the closing bell on Wednesday, June 22, 2022.
About WISeKey
WISeKey (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 1.6 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 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 IoT, Blockchain and AI. 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 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.
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