Bio-key receives nasdaq notification regarding $1.00 minimum closing bid price requirement and has period of 180 days to regain compliance

Wall, n.j., jan. 13, 2023 (globe newswire) -- bio-key international, inc. (nasdaq: bkyi), an innovative provider of biometric authentication and security solutions, today announced it has received a continued listing deficiency notice from the nasdaq stock market llc because its share price has not met the $1.00 minimum closing bid price requirement for 30 consecutive trading days – pursuant to nasdaq listing rules 5550(a)(2) and 5810(c)(3)(a). this notice has no immediate effect on the company's nasdaq listing or the trading of its common stock.
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