WISeKey Raises $10M in Private Placement
Ticker: WSKEF · Form: 6-K · Filed: Jun 14, 2024 · CIK: 1738699
| Field | Detail |
|---|---|
| Company | Wisekey International Holding S.A. (WSKEF) |
| Form Type | 6-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: financing, private-placement, cybersecurity
TL;DR
WISeKey just closed a $10M private placement at $10/share to fund ops.
AI Summary
WISeKey International Holding AG announced on June 13, 2024, that it has successfully completed a private placement of approximately $10 million in gross proceeds. The company issued 1,000,000 ordinary shares at a price of $10.00 per share. This capital raise is intended to support the company's ongoing operations and strategic initiatives.
Why It Matters
This capital infusion provides WISeKey with crucial funding to continue its growth and development in the cybersecurity and digital identity sectors.
Risk Assessment
Risk Level: medium — While the capital raise is positive, the company's financial health and ability to execute its strategic plans remain key considerations.
Key Numbers
- $10.0M — Gross Proceeds (Raised from the private placement to fund operations.)
- $10.00 — Share Price (Price per share in the private placement.)
Key Players & Entities
- WISeKey International Holding AG (company) — Issuer of the report and subject of the private placement
- $10 million (dollar_amount) — Gross proceeds from the private placement
- June 13, 2024 (date) — Date of the press release announcing the private placement
- 1,000,000 (number) — Number of ordinary shares issued
- $10.00 (dollar_amount) — Price per ordinary share in the private placement
FAQ
What was the total amount of gross proceeds from the private placement?
The total amount of gross proceeds from the private placement was approximately $10 million.
On what date was the press release announcing this private placement issued?
The press release was issued on June 13, 2024.
How many ordinary shares were issued in the private placement?
1,000,000 ordinary shares were issued in the private placement.
At what price per share was the private placement conducted?
The private placement was conducted at a price of $10.00 per share.
What is the primary purpose of the capital raised?
The capital raised is intended to support the company's ongoing operations and strategic initiatives.
Filing Stats: 193 words · 1 min read · ~1 pages · Grade level 14.5 · Accepted 2024-06-14 16:16:23
Filing Documents
- e663713_6k-wisekey.htm (6-K) — 10KB
- e663713_ex1-1.htm (EX-1.1) — 21KB
- image1.jpg (GRAPHIC) — 82KB
- 0001193805-24-000802.txt ( ) — 144KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: June 14, 2024 wisekey international holding ag By: /s/ Carlos Moreira Name: Carlos Moreira Title: Chief Executive Officer By: /s/ Peter Ward Name: Peter Ward Title: Chief Financial Officer 3