HOLMDEL, N.J., April 28, 2026 (GLOBE NEWSWIRE) — BIO-key® World, Inc. (Nasdaq: BKYI), an international chief in Identification and Get entry to Control (IAM) and biometric authentication applied sciences, as of late introduced that it has licensed a 1-for-10 opposite inventory cut up that may turn into superb with the graduation of buying and selling on April 30, 2026.
BIO-key stockholders licensed an offer closing week to permit the Board to continue with a opposite cut up to help the Corporate in its effort to regain compliance with the minimal bid value requirement.
BIO-key had roughly 10.9 million stocks of commonplace inventory issued and exceptional as of April 28, 2026. After giving impact to the 1-for-10 opposite inventory cut up, BIO-key can have roughly 1.1 million stocks of commonplace inventory issued and exceptional.
BIO-key CEO Michael DePasquale commented, “The Board’s decision to set the ratio at 1-for-10 was intended to position our common stock for minimum bid price compliance as we execute on our growth goals, including profitability in the first half of 2026.”
About BIO-key World, Inc. (www.BIO-key.com)BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor id and get admission to control (IAM) instrument securing get admission to for over 40 million customers. BIO-key permits shoppers to make a choice the proper authentication elements for various use circumstances, together with phoneless, tokenless, and passwordless biometric choices. Its cloud-hosted or on-premise PortalGuard IAM answer supplies cost-effective, easy-to-deploy, handy, and safe get admission to to computer systems, data, packages, and high-value transactions.
BIO-key Secure Harbor Observation
All statements contained on this press unencumber instead of statements of historic info are “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995 (the “Act”). The phrases “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and equivalent expressions are supposed to spot forward-looking statements. Such forward-looking statements are made in accordance with control’s ideals, in addition to assumptions made by way of, and data these days to be had to, control pursuant to the “safe-harbor” provisions of the Act. Those statements aren’t promises of long run efficiency or occasions and are matter to dangers and uncertainties that can purpose exact effects to fluctuate materially from the ones integrated inside of or implied by way of such forward-looking statements. Those dangers and uncertainties come with, with out limitation, our historical past of losses and restricted earnings; our talent to boost further capital to meet operating capital wishes; our talent to proceed as a going fear; our talent to give protection to our highbrow assets; adjustments in trade prerequisites; adjustments in our gross sales technique and product construction plans; adjustments on the market; endured products and services of our government control group; safety breaches; festival within the biometric generation and id get admission to control industries; marketplace acceptance of biometric merchandise typically and our merchandise below construction; our talent to transform gross sales alternatives to buyer contracts; our talent to amplify into Asia, Africa and different overseas markets; our talent emigrate Swivel Protected shoppers to BIO-key and Portal Guard choices; our talent to execute definitive agreements with Fiber Meals Methods and/or its shoppers to make use of our get admission to control answers; our talent to combine our answers into any of Fiber Meals Machine’s choices; fluctuations in foreign currencies trade charges; the period and extent of endured hostilities in Ukraine and its affect on our Ecu shoppers; the affect of price lists and different industry boundaries which can make it extra pricey for us to import stock from China and Hong Kong and likely product elements from South Korea; delays within the construction of goods, the industrial, reputational and regulatory dangers to our trade that can rise up because of non-compliance with Securities and Trade Fee (“SEC”) and Nasdaq periodic reporting necessities; our brief lack of using a Registration Observation on Shape S-3 to check in securities someday; any disruption to our trade that can happen on a longer-term foundation will have to we be not able to proceed to care for superb interior controls over monetary reporting, and statements of assumption underlying any of the foregoing in addition to different elements set forth below the caption “Risk Factors” in our Annual Record on Shape 10-Ok for the 12 months ended December 31, 2024 and different filings with the SEC. Readers are cautioned to not position undue reliance on those forward-looking statements, which discuss most effective as of the date made. Except for as required by way of regulation, we adopt no legal responsibility to divulge any revision to those forward-looking statements whether or not because of new data, long run occasions, or differently.
