WISeKey announces plan to redomicile to British Virgin Islands

WISeKey (WKEY) announced its intention to move its place of incorporation from Switzerland to the British Virgin Islands. The redomiciliation is proposed to be implemented through a cross-border merger of WISeKey with and into a wholly owned British Virgin Islands subsidiary, WISeKey Corp. The proposed redomiciliation remains subject to various conditions, including regulatory and shareholder approvals, which WISeKey expects to seek in the first quarter of 2026. Following completion of the redomiciliation, WISeKey BVI is expected to have its primary listing of its ordinary shares on Nasdaq and a secondary listing on SIX Swiss Exchange, in continuation of WISeKey Switzerland’s current listing on the SIX Swiss Exchange. As part of the merger, each outstanding class of WISeKey International share will be exchanged for the relevant class of shares of WISeKey BVI in accordance with the exchange ratio set out in the definitive merger agreement documentation. WISeKey’s current American depositary share program will be terminated, and holders of ADSs will receive WISeKey BVI ordinary shares in exchange.