WISeKey International (WQEY) Registration filing summary

Company overview and business model

• Digital authentication and cybersecurity portfolio enables trusted identification and communications for people, content and connected devices.

• Five verticals: SEALSQ semiconductors; WISeSat satellites; SEALCOIN machine transactions; WISEID identity and trust services; WISE.ART secure NFTs.

• Convergence strategy announced in 2025 integrates semiconductors, satellites, blockchain and digital identity; secure chips are being embedded in satellites and identity platforms support machine transactions.

• Semiconductor design and sales, PKI certificates and management, software licenses, SaaS/hosting, satellite communications and custom ASIC design; manufacturing is outsourced.

• Redomicile merger took effect Oct. 1, 2026, with the BVI entity as survivor; substantially the same business and leadership continued, and shares began Nasdaq and SIX trading as WQEY on Oct. 5, 2026.

Financial performance and metrics

• Preliminary 9M 2026 revenue was ~$17 million, up ~55% from $11 million in 9M 2025; management attributed growth mainly to SEALSQ, recurring PKI and digital identity services, and IC'Alps revenue of ~$3.8 million.

• Preliminary cash, cash equivalents and restricted cash totaled ~$471.0 million at Sep. 30, 2026; figures were unaudited and subject to closing adjustments, and 9M results may not indicate FY2026 performance.

• H1 2026 operating loss was $40.9 million and net loss $36.4 million, versus $27.3 million and $22.3 million, respectively, in H1 2025.

• Accumulated deficit was $300.5 million at Dec. 31, 2025, versus $294.4 million at Dec. 31, 2024; FY2025 unaudited pro forma combined net loss was $44.4 million.

Use of proceeds and capital allocation

• Net proceeds are intended for general corporate purposes, including M&A, working capital, R&D and strategic investments; each supplement will specify allocation, amount and timing.

• Cash dividends are not anticipated in the foreseeable future; available funds and future earnings are intended to support business development and growth.