Cybersecurity firm WISeKey (WKEY) has ended a Class B-share buyback program it commenced three years ago after repurchasing over 1 million shares for around 1.47 million Swiss francs ($1.5 million).
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The Zug-based firm repurchased 1,074,305 shares at a price of 1.37 francs apiece, it said in a statement Friday.
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The program began in July 2019 to create a reserve for potential merger and acquisition activity, an employee share-incentive program, convertible loans and on-demand equity lines.
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WISeKey is a cybersecurity firm focusing on digital identity ecosystems incorporating blockchain technology.
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In March last year, it announced it was developing an application for non-fungible tokens (NFTs) that would authenticate physical and digital objects of value.
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