---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-021599"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:24:09.818473+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BIO-key issues $2.36M secured note to Streeterville Capital; net proceeds $2M for working capital

## Summary
- $2,360,000 principal senior secured note issued to Streeterville Capital; net proceeds $2,000,000 after OID and fees.
- Interest at 9% per annum, 18-month term; exit fee of 7%; monthly redemptions of up to $270k starting month 6.
- Secured by substantially all assets; subsidiary Pistol Star provides guarantee.
- Mandatory prepayment of 40% from future fundraising (incl. warrant exercises).
- Proceeds used for general working capital.

## SEC filing metadata
- accession: 0001437749-24-021599
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774924021599/0001437749-24-021599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774924021599/bkyi20240626_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-021599
- JSON: https://secwatch.observer/filing/0001437749-24-021599.json
- Plain text: https://secwatch.observer/filing/0001437749-24-021599.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.