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WISeKey launches IoT partnerships via the Trust Protocol Association to monetize its .
Wisekey International Holding SADecember 14, 2020 GMT
WISeKey launches IoT partnerships via the Trust Protocol Association to monetize its intellectual property (IP) portfolio, including both patent and data assets
Geneva, Switzerland/New York, USA – December 14, 2020 – WISeKey International Holding Ltd. (“WISeKey” NASDAQ: WKEY; SIX Swiss Exchange: WIHN), a leading cybersecurity IoT company, today announced the launch of IoT partnerships via the Trust Protocol Association to monetize its intellectual property (IP) portfolio, including both patent and data assets.
Cross-border distribution of funds to investors in Switzerland continues to be subject to debate and, unfortunately, uncertainty. Even though for the time being, it remains unclear whether every fund offering automatically qualifies as a financial service under Swiss law or not, the latest decision of the Swiss Parliament to introduce alleviations to the strict requirement for financial service providers to be affiliated with an ombudsman (the Ombudsman) shows a tendency into the right direction, which is to avoid unnecessary overregulation.
The aim of this article is to address the following two questions: first, is a cross-border fund offering in any case a financial service in the sense of the new Swiss Financial Services Act (FinSA), and, second, should this be the case, what Swiss law regulatory requirements would such an offering have to comply with.
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Geneva, Switzerland, December 14, 2020 – Addex Therapeutics Ltd (NASDAQ:ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery and development announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed underwritten public offering of shares, including those to be settled in the form of American Depositary Shares (ADSs). Each ADS represents the right to receive six shares of Addex. The terms of the offering have not been determined, and the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. The Company will be concurrently offering the shares in Europe (other than Switzerland) in a private placement to qualified investors, and in Switzerland through private placements.
December 11 2020
On January 1 2020, the new Swiss Financial Services Act (FinSA) and Financial Services Ordinance (FinSO) on November 6 2019, implementing the provisions of the FinSA, have entered into force. These laws are part of an entirely new regulatory framework governing the Swiss financial markets.
While the majority of the rules entered into force immediately, certain obligations were or still are subject to transition periods. In particular, until December 1 2020, prospectuses could still be established in accordance with the previous, arcane rules of the Swiss Code of Obligations and, as far as SIX Swiss Exchange-listed companies were concerned, in accordance with the former listing rules of the SIX Swiss Exchange. However, since December 1, all new offerings and admissions to a Swiss trading venue must comply with the new prospectus rules.
WISeKey International Holding Ltd: WISeKey launches IoT partnerships via the Trust Protocol Association to monetize its intellectual property (IP) portfolio, including both patent and data assets
monetize its intellectual property (IP) portfolio, including both patent and data assets
Geneva, Switzerland/New York, USA - December 14, 2020 - WISeKey International Holding Ltd. ( WISeKey NASDAQ: WKEY; SIX Swiss Exchange: WIHN), a leading cybersecurity IoT company, today announced the launch of IoT partnerships via the Trust Protocol Association to monetize its intellectual property (IP) portfolio, including both patent and data assets.
With a rich portfolio of more than 46 patent families, covering over 100 fundamental individual patents, and another 22 patents under review, WISeKey continues to expand its technology footprint in various domains including the design of secure chips powered with near field communication (NFC) technology, development of security firmware and backend sof