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wickw50

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wickw50

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Tuesday, 12/19/2023 9:50:01 AM

Tuesday, December 19, 2023 9:50:01 AM

Post# of 7450
BIO-key announces 1-for-18 reverse stock split to regain Nasdaq compliance

Dec. 19, 2023 8:28 AM ETBIO-key International, Inc. (BKYI) StockBy: Meghavi Singh, SA News Editor1 Comment
BIO-key (NASDAQ:BKYI) has approved a 1-for-18 reverse stock split that will become effective with the commencement of trading on December 21, 2023.

The reverse stock split is part of the company’s plan to regain compliance with the minimum bid price requirement for continued listing on Nasdaq.

The reverse stock split will reduce the number of issued common shares from approximately 16.9 million shares to approximately 941,000 shares.

Shares were down 12.83% to $0.15 in early trading on Monday

Wick(w50)

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