secwatch.observer — SEC 8-K summary
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Issuer:     BIO KEY INTERNATIONAL INC (BKYI)
CIK:        0001019034
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001437749-23-029920
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BIO-key closes $3.75M public offering; net $3.3M to repay debt and for working capital
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- Gross proceeds $3.75M from sale of 21.43M units at $0.175/unit; each unit comprises one share (or pre-funded warrant) and one 5-year warrant exercisable at $0.175.
- Net proceeds approximately $3.3M after deducting placement agent fees and offering expenses.
- Company intends net proceeds to repay up to $2.2M of outstanding debt and for general corporate and working capital.
- Offering closed October 31, 2023; Maxim Group LLC acted as sole placement agent with a 7% cash fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019034/000143774923029920/0001437749-23-029920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019034/000143774923029920/bkyi20231101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029920

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