Bio-Key International Inc. (BKYI)

Shares of Bio-Key International Inc. (BKYI) dropped by 8.65% from $0.1746 to $0.1595 in the trading on Tuesday, December 19, 2023. The reason why BKYI down today is due to the company's announcement of a 1-for-18 reverse stock split, set to take effect on December 21, 2023. This move aims to help BKYI regain compliance with Nasdaq's minimum bid price requirement. Following the reverse split, the company will have approximately 941,000 shares of common stock issued and outstanding, down from about 16.9 million.

Shares of Bio-Key International (BKYI) dropped by 25.45% from $0.220 to $0.164 in the trading on Monday, October 30, 2023. The reason why COMM stock down is due to company's announcement of a public offering of 21,430,000 units. Each unit includes one share of common stock (or a pre-funded warrant) and one warrant to purchase one share, all at a price of $0.175 per unit. The offering is expected to generate approximately $3.75 million in gross proceeds and is set to close on October 31, 2023, subject to standard closing conditions. Maxim Group LLC is the sole placement agent for the offering. This offering is conducted under SEC regulations, and further details can be obtained from Maxim Group LLC.

BIO-key International (BKYI) dropped by 34.36% from $0.5203 to $0.3415 in the trading on Tuesday October 17, 2023. The reason why BKYI stock down today is due to the filing for offering. BIO-key International filed a prospectus to offer up to $10M in units. Each unit will consist of one share of common stock and one common warrant to purchase one share of common stock.