BIO-key receives Nasdaq delisting notice for stockholders' equity below $2.5M

BIO KEY INTERNATIONAL INC

Nasdaq notified BIO-key on June 10, 2024 that stockholders' equity as of Dec 31, 2023 failed to meet the $2.5M minimum requirement.
Company has 45 calendar days, until July 25, 2024, to submit a plan to regain compliance.
If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days from the notice date.
If plan is not accepted or compliance not regained, BIO-key may request a hearing; delisting action stayed during hearing.
No assurance that the company will be able to regain compliance with the continued listing rule.

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