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Stock impact report

BIO-key International Enters into $1.9 Million Warrant Inducement [Yahoo! Finance]

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: Yahoo! Finance
Maxim Group LLC is acting as the exclusive Placement Agent for the transaction. In consideration for the immediate exercise of the warrants, the Company also agreed to issue to the investor unregistered Series A Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock and Series B Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock, each with an exercise price of $1.85 per share (the “New Warrants”). The Series A and Series B warrants share substantially the same terms, are immediately exercisable and will expire five years from the date of issuance. The Company has agreed to file a registration statement within forty five (45) days with the Securities and Exchange Commission (“SEC”) covering the resale of the shares of common stock issuable upon exercise of the New Warrants. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there Show less Read more
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