WISeKey secures CHF 5.4m of cash in a mandatory convertible loan note

Frankfurt, 14 July 2016. 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.

WISeKey International Holding Ltd. (“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 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. is one of the fastest growing CyberSecurity companies in the world, being a leading Swiss information security and identity management software and services company. WISeKey’s mission is to facilitate the global growth of secure electronic transactions by providing businesses, governments and individuals with advanced technology and services that authenticate the identity of communicators, signatures, and objects during Internet transactions. WISeKey is currently deploying large scale IoT digital identities ecosystems and has become a pioneer of the 4th Industrial Revolution movement launched this year at the World Economic Forum at Davos. WISeKey Swiss based Cryptographic Root of Trust 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. (www.wisekey.com)

About ACXIT Capital Partners

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.

To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)

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Dr. Ingmar Ackermann, Managing Partner
E-mail: Ackermann@acxit.com

Transaction Team:

Tom Bieri, Managing Partner
Bastian Sprenger, Associate
Martin Zinn, Analyst