BIO-key issues unregistered warrants for 1,236,668 shares in private placement deal
Reuters2026/08/13 20:58- 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.
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