secwatch.observer — SEC 8-K summary
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Issuer:     BIO KEY INTERNATIONAL INC (BKYI)
CIK:        0001019034
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001437749-25-032448
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BIO-key raises $3.1M via warrant exercise, exchanges debt for equity
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- Gross proceeds $3.1M from exercise of 3,091,668 warrants at reduced exercise price of $1.02; new warrants for 6.18M shares at $1.02.
- Net proceeds for working capital and debt repayment; $0.25 per warrant paid for new warrants.
- Streeterville Capital exchanged $327,991 secured note principal for 429,027 shares; original note paid in full.
- New warrants expire in 5 years; resale registration to be filed within 90 days.
- Transactions in unregistered offering; Maxim Group earned 6% fee on gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019034/000143774925032448/0001437749-25-032448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019034/000143774925032448/bkyi20251029_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-032448

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer