On May 18, 2020, Nice & Green – a private company which specializes in financing solutions tailored to the requirements of listed growth companies in the biotech and cleantech industries based in Switzerland – and WISeKey entered into an investment agreement regarding N&G’s investment of up to CHF 10 m in WISeKey. The investment is made on the basis of an equity-linked debt instrument issued by WISeKey consisting of convertible notes issued in twenty-five tranches to be drawn over twenty-four months against issuance of convertible notes. The convertible notes are mandatorily convertible into equity at the discretion of N&G within a period of 12 months after their issuance, with a conversion rate of 95% of the lowest volume-weighted average price during the ten trading days preceding the conversion date.
Homburger acted as legal advisor to N&G in connection with the investment agreement. The team is led by partner Frank Gerhard (pictured) and included associate Nicola Togni (both corporate and m&a).