---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001242"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-27T23:42:40.462134+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BIO-key raises ~$3.8M via warrant exercise; exchanges $834K debt for equity

## Summary
- Exercised 2,061,112 existing warrants at $1.85/share, gross proceeds ~$3.8M before fees.
- Issued new Series A & B warrants for up to 1,545,834 shares each at $2.15, expiring in 5 years.
- Exchanged $834K of promissory note for 489,635 shares; note balance reduced to ~$738,400.
- Net proceeds to be used for working capital and partial repayment of secured note.
- Maxim Group acted as placement agent with 6.0% cash fee on gross proceeds.

## SEC filing metadata
- accession: 0001437749-25-001242
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774925001242/0001437749-25-001242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774925001242/bkyi20250116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001242
- JSON: https://secwatch.observer/filing/0001437749-25-001242.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001242.txt

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