Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding has announced the divestiture of its 51% stake in arago GmbH to OGARA GmbH, a German consortium led by arago's founder. This transfer, part of a previously signed agreement, transfers full operational control to OGARA while allowing WISeKey to focus on its core business. The purchase price is expected to be received in Q3 2022. This strategic move aims to enhance their collaboration in AI and IoT growth.

WISeKey shareholders approved all agenda items during the 2022 Annual General Meeting on June 24, 2022. Key decisions included the re-election of Carlos Moreira as Chairman and the addition of new board members, María Pía Aqueveque Jabbaz and Cristina Dolan. The meeting also saw the approval of financial reports and the compensation report for 2021. Shareholders authorized increases in both the share capital and conditional share capital. The company will release its 2022 Interim Report by September 30, 2022, focusing on cybersecurity and IoT solutions.

WISeKey International Holding Ltd participated in the Embedded World 2022 Exhibition from June 21-23 in Germany, showcasing its innovative IoT systems designed to combat luxury product counterfeiting. The company highlighted its technology that integrates a secure element into luxury goods, providing a unique digital identity via WISe.ART NFT platform. This approach allows brands to maintain product authenticity and traceability, enhancing the connection to the Metaverse. With over 1.6 billion microchips deployed, WISeKey is positioned to leverage its technology in various IoT sectors.

WISeKey International Holding Ltd. announced a 1-for-2 reverse split of its American Depository Shares (ADS) effective June 23, 2022. Post-split, 1 ADS will represent 10 Class B common shares. The reverse split aims to adjust the share price for enhanced marketability. This change affects the number of shares held by ADS holders after the market closes on June 22, 2022. WISeKey is a global leader in cybersecurity and IoT, emphasizing digital identity ecosystems.

WISeKey announces significant revenue growth in its Semiconductors IoT segment, projecting an unaudited revenue of approximately $10 million for H1 2022, a 37% increase from H1 2021. For FY 2022, revenue is expected to be between $21 million and $23 million, driven by high demand for semiconductors and new contracts, despite ongoing supply chain disruptions. Current purchase orders stand at $38.5 million, with a pipeline of opportunities valued at $75 million. The company emphasizes its pivotal role in the semiconductor market, likening it to the new oil.

WISeKey International Holding (NASDAQ: WKEY) collaborates with the China Museum of Finance to auction a historical Jiaozi NFT, representing the world's first government-issued paper currency from 1024. The auction, part of the WISe.ART NFT platform, aims to bridge traditional finance with modern digital assets. A total of 10,000 NFTs will be issued, with 8,000 for collectors and 2,000 for institutional use. This initiative is expected to enhance financial heritage awareness while utilizing blockchain technology for authenticity and security.

WISeKey International Holding Ltd announces a 1-for-2 reverse split of its American Depository Shares (ADS) effective June 22, 2022. After the split, 1 ADS will represent 10 Class B common shares, adjusting the current ratio from 5 to 10 shares. No action is required from ADS holders, and the number of Class B shares remains unchanged. The company cautions that while the ADS price is expected to increase proportionally, there’s no assurance it will be equal to or exceed double the pre-split price.

WISeKey announced its participation in the Digital Assets: Exploring the Metaverse & Crypto Assets Conference on June 23, 2022, hosted by Maxim Group LLC and M-Vest. CEO Carlos Moreira will join the NFT – Platforms panel at 1:00 PM ET. The conference aims to cover the implications of rising rates on digital asset values, including NFTs and Bitcoin. WISeKey will showcase its WISe.ART 2.1 NFT Marketplace, emphasizing security features for NFT transactions and art monetization. Investors can schedule one-on-one meetings with management.

WISeKey International Holding announced the minting of two emblematic NFTs from space during the FT Investing in Space Summit held in London on June 9, 2022. Collaborating with Casper Networks and leveraging the WISeSat constellation, this initiative enhances secure telecommunication for NFT authentication. The NFTs are historic, featuring a sustainable project based on solar technology and significant cultural artifacts valued over $100 million. This advancement in IoT and blockchain aims to revolutionize supply chain management and optimize productivity across various industries.