secwatch.observer — SEC 8-K summary
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Issuer:     BIO KEY INTERNATIONAL INC (BKYI)
CIK:        0001019034
Form:       8-K
Filed at:   2026-08-13T20:56:20+00:00
Accession:  0001437749-26-027730
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BIO-key raises $2.51M via warrant exercise; issues new warrants at $4.06
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- Exercised 618,334 existing warrants at reduced price of $4.06 (from $10.20) for gross proceeds ~$2.51M.
- Issued new unregistered warrants for 1,236,668 shares (200% coverage) at $4.06, exercisable only after stockholder approval.
- New warrants carry 4.99% beneficial ownership limitation; resale registration statement to be filed with SEC.
- Proceeds for working capital and general corporate purposes, possibly repaying secured note.
- Maxim Group acted as exclusive placement agent, receiving 5.0% cash fee of gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019034/000143774926027730/0001437749-26-027730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019034/000143774926027730/bkyi20260813_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-027730

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