---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-036492"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T10:07:20.342852+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BIO-key acquires 5M Boumarang shares from Fiber Food in exchange for 595K shares, adding $5M assets

## Summary
- BIO-key exchanged 595,000 shares of its common stock (19% of outstanding) for 5 million Boumarang shares valued at $5 million.
- BIO-key gains put option to force Fiber Food to repurchase Boumarang shares at $5M if value drops within 9 months.
- Fiber Food agrees to integrate BIO-key's IAM solutions into its offerings and introduce potential customers.
- Transaction strengthens BIO-key's balance sheet with $5 million increase in stockholders' equity.
- Agreement includes two-year standstill and lockup on Fiber Food's ability to transfer BIO-key shares.

## SEC filing metadata
- accession: 0001437749-24-036492
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774924036492/0001437749-24-036492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774924036492/bkyi20241129_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-036492
- JSON: https://secwatch.observer/filing/0001437749-24-036492.json
- Plain text: https://secwatch.observer/filing/0001437749-24-036492.txt

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