• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

BIO-key to Raise Capital with New Share Sale

August 23, 2018

BIO-key is looking to raise some capital with a new share sale.BIO-key Expects Share Offering to Bring in $1.8M Gross

The company has announced an underwritten offering of 1,200,000 shares of common stock, together with “warrants to purchase up to an aggregate of 900,000 shares” of common stock at a price of $1.50 per share, according to a statement. The warrants can be used immediately and will expire in five years.

BIO-key also noted in its announcement that it had “granted the underwriter an over-allotment option, exercisable for a period of 45 days, to purchase up to 180,000 additional shares of its common stock and/or 135,000 warrants.”

The share offering comes on the heels of a corporate update in which BIO-key outlined somewhat disappointing revenues for its second quarter, which it attributed to timing for some of its bigger deals. Nevertheless, the company’s leadership indicated that its focus will, as always, remain fixed on end-year results, which offer a more reliable indication of its overall performance.

In the meantime, a capital influx will help to sustain “general corporate purposes, including working capital.” BIO-key says it expects gross proceeds of its share offering to come in at about $1.8 million, and that the offer will most likely close on August 24th, or close to that date.

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: BIO-key, biometric stocks, capitalization efforts, corporate news, corporate updates, fiscal updates, share offerings

Related News & Articles

Samsung Patent Details Smart Drone

Galaxy Watch Active2 Gets a Software Update

Keeper Adapts Secure Messaging System for the Enterprise

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event
  • Mobile ID Comes to Another US Campus
  • New York DMV Developing Mobile Driver’s License
  • Mobile ID World & FindBiometrics Partner With Access Control Executive Brief – Join Us at ISC West 2023

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld