BIO-key issues unregistered warrants for 1,236,668 shares in private placement deal

Reuters2026/08/13 20:58

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BIO-key entered a warrant exercise deal with an institutional investor, generating about $2.51 million in gross proceeds.
The investor exercised warrants for 618,334 shares at a reduced $4.06 per share, down from $10.2.
Deal included unregistered new warrants for up to 1,236,668 shares at $4.06, subject to Nasdaq-required stockholder approval.
New warrants carry a 4.99% beneficial ownership cap; proceeds earmarked for working capital, including possible repayment of a secured note.
Maxim Group to receive a 5% cash placement fee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BIO-key International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-027730), on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BIO-key issues unregistered warrants for 1,236,668 shares in private placement deal

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