---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029307"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:28:01.905174+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BIO-key raises ~$1.9M via warrant exercise; issues new warrants to investor

## Summary
- Investor immediately exercised 1,030,556 existing warrants at reduced price of $1.85/share.
- Gross proceeds approximately $1.9M before fees; net to fund working capital and repay secured debt.
- In consideration, investor received new Series A & B warrants for another 1,030,556 shares each at $1.85.
- New warrants are exercisable immediately and expire in 5 years; resale registration to be filed within 45 days.
- Maxim Group acted as exclusive placement agent, receiving 6% cash fee on gross proceeds.

## SEC filing metadata
- accession: 0001437749-24-029307
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774924029307/0001437749-24-029307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774924029307/bkyi20240912_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029307
- JSON: https://secwatch.observer/filing/0001437749-24-029307.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029307.txt

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