---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-036582"
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: "2026-05-29T09:19:48.521023+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BIO-key swaps 19% equity stake for $5M Boumarang shares to regain Nasdaq compliance

## Summary
- Exchanged 595,000 shares (19% of outstanding) for 5M Boumarang shares valued at $5M ($1/share).
- Transaction increased stockholders' equity by $5M, above Nasdaq's $2.5M minimum requirement.
- Nasdaq approved compliance plan in Aug. 2024; this deal aims to satisfy the equity requirement.
- Boumarang shares valued at $1 each based on due diligence; no public market disclosed.
- Nasdaq will continue monitoring; delisting risk remains if equity drops below minimum at next report.

## SEC filing metadata
- accession: 0001437749-24-036582
- 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: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774924036582/0001437749-24-036582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774924036582/bkyi20241203_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-036582
- JSON: https://secwatch.observer/filing/0001437749-24-036582.json
- Plain text: https://secwatch.observer/filing/0001437749-24-036582.txt

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