regulatory
confidence high
sentiment negative
materiality 0.65
BIO KEY INTERNATIONAL INC (BKYI): Nasdaq/NYSE listing notice — BIO-key receives Nasdaq non-compliance notice for late 10-K filing
BIO KEY INTERNATIONAL INC
- Nasdaq notified BIO-key on April 18, 2023, of non-compliance with Listing Rule 5250(c)(1) due to failure to file annual 10-K for FY2022.
- Company has 60 days to submit a compliance plan; Nasdaq may grant up to 180 days extension until October 16, 2023.
- Late filing attributed to compilation and review delays deemed undue hardship; no immediate effect on stock listing.
- BIO-key intends to file the 10-K as soon as practicable to regain compliance.