WISeKey Increases Investments In Its NFT Platform By Accessing The Remainder Of Its $ 44 Million Convertible Note Subscription Agreements Signed Mid Year

Zug, Switzerland – September 24, 2021 – WISeKey International Holding Ltd (“WISeKey” or “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, today announced that it has signed an addendum to its existing convertible note subscription agreements (“Agreements”) with global institutional investors (the “Investors”). to enable it to invest more in the development of its WISe.Art NFT platform and TrusteCoin token as demand for its Trusted NFT solution increases.

In June 2021, following the signing of the Agreements, WISeKey issued a first convertible note with a total principal amount of $ 22 million for subscription by Investors; this amendment to the agreements gives WISeKey early access to the remainder of its $ 44 million convertible notes through the creation of four accelerated tranches, each in the range of $ 2,000,000 to $ 5,500,000. The additional funding of up to $ 22 million will allow WISeKey to gradually unlock increased funding to continue its investment in the recently announced WISe.ART NFT and TrusteCoin platform.

Carlos Moreira, Founder and CEO of WISeKey said: “Due to the unprecedented increased demand for our secure WISe.Art platform and our TrusteCoin tokens, we have been working with our investors to unlock this additional funding sooner than expected. This additional funding will allow us to continue marketing the WISe.Art and TrusteCoin.IO platform through a special vehicle company created by WISeKey in Zug under the name TrusteCoin AG. Market demand for NFTs hit new highs in the second quarter. According to market data, market data showed market data in 2021, totaling $ 2.5 billion year-to-date, up from just $ 13.7 million in the first half of 2020. WISeKey occupies a unique position as a leading player in this emerging NFT and is well positioned to secure a significant market. to share.”

An NFT is a cryptographic asset, representing an intangible digital item such as an image, video, or game item. NFT owners are registered on the blockchain, which allows an NFT to be traded as a replacement for the NFT. digital asset it represents.

Terms of amended agreements

Under the amended agreements, WISeKey accelerated its ability to access the four additional tranches through the creation of four accelerated tranches, each between $ 2,000,000 and $ 5,500,000, as determined by WISeKey and the investors. The conversion price of the Accelerated Tranches is equal to the lesser of a fixed conversion price as determined in the contract and 90% of the lowest daily VWAPs of a Class B Share, if any, during the ten (10) consecutive trading days preceding the relevant conversion date, and Investors have the option of converting the total amount of each Accelerated Tranche at any time. All other terms of the existing convertible note subscription contracts remain unchanged.

As part of the use of funds from the first tranche of the $ 22 million convertible agreement, WISeKey invested an additional $ 3.3 million in cash in arago’s operations, bringing our total investment to 11. $ 7 million (since the initial investment made at the end of 2020).

Maxim Group LLC acted as sole advisor on the Modification and Placement Agent.

About investors:

Investors have offices around the world with clients, including endowments, financial planning groups, high net worth individual investors, and family offices. Their global mandate is to invest in high conviction technology companies.

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 things using blockchain, IA and IoT while respecting humans as the backbone of the Internet. WISeKey microprocessors secure the ubiquitous computing that shapes today’s Internet of Everything. WISeKey IoT has an installed 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, cell phones, cryptographic tokens, etc.). WISeKey is uniquely positioned to be at the forefront of IoT, as our semiconductors produce an enormous amount of big data which, when analyzed with artificial intelligence (AI), can help industrial applications predict the failure of their equipment before it occurs.

Our technology is trusted by OISTE / WISeKey’s Switzerland-based Cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in physical and virtual environments, for Internet of Things, blockchain and l ‘artificial intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information visit www.wisekey.com.

Press and investor contacts:

Disclaimer:
This communication expressly or impliedly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its activities. Such statements involve certain risks, uncertainties and other known and unknown factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from the future results, performance or achievements expressed. or implied by 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 securities, and it does not constitute an offer prospectus within the meaning of the Federal Financial Services Act (“FinSA”), the previous FINSa legislation. or advertising within the meaning of FINSA, or within the meaning of any other securities regulations. Investors should rely on their own assessment of WISeKey and its securities, including the merits and risks involved. Nothing herein is, or should be considered, a promise or representation as to the future performance of WISeKey.

The securities offered will not be and have not been registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from registration requirements of such law.