secwatch.observer — SEC 8-K summary
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Issuer:     BIO KEY INTERNATIONAL INC (BKYI)
CIK:        0001019034
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001437749-23-018629
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BIO-key amends securities purchase agreement, waives defaults with AJB Capital
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- Amends Dec 2022 agreement: repurchase of up to 272k commitment shares if principal paid by July 22, 2023; up to 214k if paid by Aug 21, 2023, each for $1.00.
- Waives events of default related to late filing of Q1 2023 Form 10-Q and failure to timely register shares; registration waiver expires July 30, 2023.
- Original $2.2M note and 700k commitment shares issued in December 2022; amendment adjusts repurchase rights based on principal payment timing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019034/000143774923018629/0001437749-23-018629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019034/000143774923018629/bkyi20230626_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-018629

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