Following stockholder approval, bio-key announces 1-for-18 reverse stock split to regain compliance with nasdaq minimum bid price requirement

Wall, n.j., dec. 19, 2023 (globe newswire) -- bio-key international, inc. (nasdaq: bkyi), an innovative provider of workforce and customer identity and access management (iam) solutions featuring identity-bound biometrics (ibb), today announced that it has approved a 1-for-18 reverse stock split that will become effective with the commencement of trading on december 21, 2023. bio-key stockholders approved a proposal last week to allow the board to proceed with a reverse split to assist the company in its effort to regain compliance with the minimum bid price requirement.
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