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WISeKey Interest Free Convertible Bonds with Stock Warrants Attached - INPUT TAB
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https://www.sec.gov/Archives/edgar/data/1738699/000119380521000568/e620367_ex4-29.htm
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GENERAL ASSUMPTIONS
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TimingDeal
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Expected signing date
8-Dec-2020
Long stop period (months)
18
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Expected first disbursement
9-Dec-2020
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Commitment
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CompanyTotal Commitment$15,500,000.00
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Company name
WISeKey International Holding Ltd
CurrencyCHF
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IncorporationSwitzerland
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ExchangeSIX Swiss ExchangeSchedule
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TickerWIHN:SWInitial tranches2
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Nominal value (each)$2,500,000.00
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InvestorSequential tranches7
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Investor name
European High Growth Opportunities
Nominal value (each)$1,500,000.00
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RegistrationLuxemburg
Total Commitment (CHF)
$15,500,000.00
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Investment advisorAlpha Blue Ocean Inccheck -
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SECURITIES
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Convertible bondsAttached Warrants
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Tenor (months)12
Purchase option amount (% of tranche)
15%
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Coupon (%)0
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Subscription (% of par val)
100%
1st tranche - Exercise price of warrants (higher of)
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Pricing period (days)20
either (% of 5-day VWAP)
120%
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Conversion price (% of 5 lowest VWAPs)
97%or (CHF)$1.50
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subsequent tranches - Exercise price of warrants (higher of)
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either (% of 5-day VWAP)
120%
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or (CHF)$1.50
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COVENANTS
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Tranche size reduction
Closing share price (previous 10 days to each new tranche)
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Up to (%)50%
Shall trade above (CHF)
$0.15
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if trimmed 20-day avg vol < than (CHF)
$50,000.00
for at least consecutive (days)
10
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trimmed by (%) outliers
10%
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Cool down period
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Investor covenants volume share
1st tranche (trading days)
20
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No more than (%) of daily volume
20%
2nd tranche (trading days)
50
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$ estimate$38,224.90
subsequent tranches (days less than)
30
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FEES
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Commitment FeeSchedule
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Total Fee (% of Total Commitment)
4.50%
1st & 2nd tranche (%)
2.00%
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Total Fee (CHF)$697,500.00
Subsequent tranches (pro-rated %)
2.50%
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*less than (months) after settlement
12
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