Dec. 21, 2023, 6:31 p.m. | Jim Nash

Biometric Update www.biometricupdate.com


December 21, 2023 - BIO-key has retired a $2.2 million senior secured note and with it, according to the company, all long-term debt, a move that should lighten the balance sheet and buoy share prices. Speaking of which, the ID access management firm says it sold a private placement valued at $550,000 and at a premium to the market price. BIO-key this week opted for a 1-for-18 reverse stock split to meet the share-price requirement of the Nasdaq.

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