WISeKey Signs Merger Agreement with WISeKey BVI

WISeKey announced that it has signed a merger agreement with WISeKey International, a British Virgin Islands company and wholly owned subsidiary of WISeKey, to effect WISeKey's proposed redomiciliation from Switzerland to the British Virgin Islands. Under the proposed transaction, WISeKey would merge with and into WISeKey BVI, with WISeKey BVI surviving the merger as the publicly traded parent company of the WISeKey group and successor to WISeKey. Following completion of the redomiciliation, WISeKey BVI is expected to have its ordinary shares directly listed both on Nasdaq, and on SIX Swiss Exchange. As part of the merger, each outstanding class of WISeKey shares will be exchanged for the relevant class of WISeKey BVI shares in accordance with the exchange ratios set out in the merger agreement. WISeKey's current American depositary share program will be terminated, and holders of WISeKey ADSs will receive WISeKey BVI ordinary shares in exchange.