Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

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

Cybersecurity firm WISeKey (WKEY) 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 (NFTs) that would authenticate physical and digital objects of value.

This article was originally published on coindesk.com

Share to Social Media

Share on facebook
Share on telegram
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on whatsapp

Recent News

Hot stories

Promotion

Join Our Newsletter