BIO-key Retires $416K Secured Note by Issuing 247,805 Shares to Streeterville
BKYI sits 26% above its 52-week low of $1.63 on light trading volume (0.1× avg).
Summary
BIO-key exchanged $416,315.80 of secured debt for 247,805 shares, paying off the original $1.13 million note in full. The shares are immediately resalable under Rule 144.
Key Events · Financing and Capital Events · BKYI
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Debt-for-Equity Exchange Retires Secured Note
Four Exchange Agreements with Streeterville Capital partitioned the $1,130,000 secured note into four notes totaling $416,315.80, which were exchanged for 247,805 shares of common stock. The Original Note is now paid in full.
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Immediate Resale Risk
The Exchange Shares are issued under Section 3(a)(9) with Rule 144 holding-period tacking from September 30, 2025, making them immediately available for public resale by Streeterville.
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Dilution Continues
The 247,805 new shares add to prior dilution from warrant exercises and debt-for-equity exchanges disclosed in August 2026, which raised $2.5M while adding substantial share count.
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Debt Obligation Eliminated
The exchange removes the remaining secured debt balance and its associated interest and collateral obligations, improving the balance sheet.
Analysis · BKYI · Technology
BIO-key eliminated the remaining $416,315.80 balance of its $1.13 million secured note to Streeterville Capital by issuing 247,805 shares. The exchange removes a secured debt obligation and its associated interest burden, but adds roughly 8% to the share count at a time when the company has already been diluting shareholders through warrant exercises and debt-for-equity swaps. The shares are being issued under Section 3(a)(9) with Rule 144 tacking, meaning Streeterville can resell them immediately — creating near-term selling pressure on a stock with a market cap of only about $3 million.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BKYI was trading at $2.06 on NASDAQ in the Technology sector, with a market capitalization of approximately $3M. The 52-week trading range was $1.63 to $19.70. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.