debt
confidence high
sentiment neutral
materiality 0.65
BIO-key exchanges $416,315.80 of Streeterville debt for 247,805 shares, retiring original $1.13M note
BIO KEY INTERNATIONAL INC
- BIO-key entered four Exchange Agreements with Streeterville Capital on Sept. 29, 2026, partitioning notes of $68,315.80, $116,000, $117,000, and $115,000 from the $1,130,000 Original Note.
- The $416,315.80 aggregate partitioned principal was exchanged for 247,805 BKYI common shares, and the $1,130,000 Original Note was paid in full.
- The Exchange Shares were issued under Section 3(a)(9) without registration; the agreement provides Rule 144 tacking to Streeterville's Sept. 30, 2025 holding period.
- Cecilia C. Welch signed as BIO-key CFO on Oct. 2, 2026; the Original Note was reduced by $416,315.80 and paid in full.