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WISeKey Becomes WISeQey As BVI Redomiciliation Takes Effect Ahead Of WQEY Trading
TL;DR WISeKey’s redomiciliation from Switzerland to the British Virgin Islands became legally effective on October 1 through a merger into WISeQey Corp. Existing WISeKey securities continue trading through October 2, with WISeQey ordinary shares expected to begin trading under WQEY on Nasdaq and SIX on October 5.
Key points
- WISeKey's redomiciliation from Switzerland to the British Virgin Islands became legally effective October 1 via merger into subsidiary WISeQey Corp., the surviving company.
- Existing Nasdaq ADSs and Swiss Class B shares trade through October 2, with WISeQey ordinary shares expected to begin trading as WQEY on Nasdaq and SIX October 5.
- Each ADS converts into one-half WISeQey ordinary share; the company says operational headquarters and effective management remain in Switzerland.
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