Loading…
Company to receive $3.1 million from existing investor
BIO-key International, Inc. (Nasdaq: BKYI) announced on October 27, 2025, that it has entered into a warrant inducement agreement with an existing institutional investor. The agreement pertains to the exercise of certain outstanding warrants.
Under the terms of the agreement, BIO-key will receive $3.1 million in exchange for 3,091,668 shares, priced at $1.02 per share. The investor will exercise warrants for 6,183,336 shares.
As of the latest available data, BIO-key International has a free float of 9,607,700 shares and 10,836,600 shares outstanding.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.