Brief: WISeKey: Public Filing Of Registration Statement Relating To Proposed Spin-Off Of Its Semiconductor Business

Wisekey International Holding AG

13/02/2023 06:03

Feb 13 (Reuters) - Wisekey International Holding Ag
 WIHN.S :
    * WISEKEY ANNOUNCES PUBLIC FILING OF REGISTRATION STATEMENT
RELATING TO PROPOSED SPIN-OFF OF ITS SEMICONDUCTOR BUSINESS
    * THROUGH A WHOLLY-OWNED SUBSIDIARY, SEALSQ CORP, IT HAS
PUBLICLY
FILED A REGISTRATION STATEMENT ON FORM F-1 PURSUANT TO
SECURITIES ACT OF 1933 WITH U.S. SECURITIES AND EXCHANGE
COMMISSION ( "SEC") TO EFFECT A PARTIAL SPIN-OFF OF SEALSQ CORP
    * SEALSQ IS IN PROCESS OF APPLYING TO HAVE ITS ORDINARY
SHARES
LISTED ON NASDAQ GLOBAL MARKET UNDER TICKER SYMBOL "LAES"
    * WISEKEY PROPOSES TO DISTRIBUTE 20% OF SEALSQ'S OUTSTANDING
ORDINARY SHARES, TO HOLDERS OF WISEKEY CLASS B SHARES
    * WISEKEY WILL INITIALLY RETAIN 100% OWNERSHIP OF SEALSQ'S
CLASS F
SHARES
    * TRANSACTION IS EXPECTED TO BE COMPLETED AROUND BEGINNING
OF Q2
OF 2023, AND REMAINS SUBJECT TO APPLICABLE APPROVALS AND
CONDITIONS TO TRANSACTION BEING SATISFIED OR WAIVED

Further company coverage:  WIHN.S 
 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))