Wisekey International Holding Sa: Wisekey International Holding Ltd. Announces Effectiveness Of Registration Statement Relating To Proposed Partial Spin-off Of Its Semiconductor Business

WISeKey International Holding Ltd. announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form F-1 filed by its wholly-owned subsidiary, SEALSQ Corp. This registration statement was filed to effect a partial spin-off of SEALSQ, which currently acts as the holding company for WISeKey’s semiconductor business. WISeKey proposes to distribute 20% of SEALSQ’s outstanding Ordinary Shares to holders of WISeKey Class B Shares and Class A Shares as a partial spin-off distribution as a dividend in kind. The transaction is expected to be completed on or about May 10, 2023, and is subject to the applicable approvals and conditions to the transaction being satisfied or waived.