Ogara Gmbh entered into a share purchase agreement to acquire 51% stake in arago GmbH from WISeKey International Holding AG (SWX:WIHN) for approximately €26 million on March 14, 2022. WISeKey is selling its 51% stake in arago back to a German consortium of investors led by arago's founder through his investment company, OGARA GmbH. WISeKey signed a Share Purchase and Transfer Agreement on March 14, 2022 and, as stated, this Agreement was only effective upon the Company receiving sufficient proof of the availability of the funding. On April 25, 2022, after having received assurances about the source and the timing of the funding WISeKey International Holding AG (SWX:WIHN) announced the sale. Following the sale, all WISeKey options given to Hans-Christian Boos to exchange his remaining 49% in arago representing 12.3 million WISeKey Class B shares will be cancelled and returned back to WISeKey as part of the deal thus reducing substantially the dilution for WISeKey shareholders. Hans-Christian Boos will also step down as board member of WISeKey to be replaced by an industry expert focused on WISeKey's IoT Cybersecurity solutions.

Ogara Gmbh has completed the acquisition of 51% stake in arago GmbH from WISeKey International Holding AG (SWX:WIHN)) for approximately €26 million on June 24, 2022.