Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

The Zug-based firm repurchased 1,074,305 shares for about $1.5 million.

AccessTimeIconJul 8, 2022 at 9:26 a.m. UTC
Updated May 11, 2023 at 6:52 p.m. UTC
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Cybersecurity firm WISeKey has ended a Class B share buyback program it commenced three years ago after repurchasing over 1 million shares for around 1.47 million Swiss francs ($1.5 million).

  • The Zug-based firm repurchased 1,074,305 shares at a price of 1.37 francs apiece, it said in a statement Friday.
  • The program began in July 2019 to create a reserve for potential merger and acquisition activity, an employee share-incentive program, convertible loans and on-demand equity lines.
  • WISeKey is a cybersecurity firm focusing on digital identity ecosystems incorporating blockchain technology.
  • In March last year, it announced it was developing an application for non-fungible tokens (NFT) that would authenticate physical and digital objects of value.

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.


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