On July 25, 2016, WISeKey International Holding Ltd (SIX: WIHN) and OpenLimit Holding AG (O5H.DE) announced that they have signed a Memorandum of Understanding (MoU) regarding a contemplated business combination in the form of a statutory merger under Swiss law, whereby OpenLimit would be merged with and into WISeKey, with WISeKey thus being the surviving entity. The entry into definitive agreements is subject to satisfactory reciprocal confirmatory due diligence, to be conducted over the next month, and other conditions as are customary. In addition to the MoU, WISeKey has agreed to provide interim financing to OpenLimit through subscription to an equity-linked instruments issued by OpenLimit.

WISeKey is a Swiss cybersecurity company whose Class B Shares are listed on the SIX Swiss Exchange. OpenLimit is a Swiss cybersecurity company listed on the Main Market of Deutsche Boerse.

The Homburger team comprised David Oser (partner, Corporate | M&A), Reto Heuberger (partner, Tax), Rafael Zemp (associate, Corporate | M&A) and Claudia Suter (associate, Tax).