WISekey International Holding Ltd. cancelled the proposed acquisition of OpenLimit Holding AG (DB:O5H).
The deal is subject to satisfaction of various conditions including execution of definitive agreements, approval of WISekey and OpenLimit shareholders and completion of satisfactory reciprocal confirmatory due diligence. The deal is expected to close in fourth quarter of 2016.
Acxit Capital Partners AG acted as financial advisor and arranger and David Oser, Reto Heuberger, Rafael Zemp and Claudia Suter of Homburger AG and Freshfields Bruckhaus Deringer LLP acted as legal advisors to WISekey in this transaction. Robert Bernet, Peter Kühn, Thomas Steiner of Vischer Rechtsanwälte and Linklaters Oppenhoff & Rädler acted as legal advisors to OpenLimit. Lena Cati of The Equity Group, Inc. acted as PR advisor for WISekey. The currency conversion was done through www.oanda.com' on July 25, 2016.
WISekey International Holding Ltd. (SWX:WIHN) cancelled the proposed acquisition of OpenLimit Holding AG (DB:O5H) on March 29, 2017. The interim financing provided by WISekey will be converted into OpenLimit shares. WISekey will receive 2,007,494 newly issued shares of OpenLimit.