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. The 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 will distribute 20% of SEALSQ’s outstanding Ordinary Shares as a dividend in kind to holders of WISeKey Class B and Class A Shares. The transaction is expected to be completed on or about May 10, 2023 and is subject to the applicable approvals and conditions. An Extraordinary General Meeting of Shareholders is scheduled to be held on April 27, 2023 to approve the spin-off distribution.
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