Garnero Group Acquisition Company enters into agreement to acquire a majority ownership stake in WISeKey
Garnero Group Acquisition Company, a Special Acquisition Company (SPAC) listed on NASDAQ, announced to enter into definitive agreements with WISeKey SA, an international mobile cybersecurity provider. Under the agreement, Garnero Group Acquisition Company will acquire an minimum ownership interest of around 70% in WISeKey from certain shareholders of WISeKey, but will seek to acquire 100% of the outstanding shares. The transaction is subject to shareholder approval of Garnero Group Acquisition Company, applicable regulatory approvals and other customary closing conditions.