BIO-key International Secures $1.13 Million Senior Secured Loan from Streeterville Capital for Working Capital Needs

Reuters
2025/10/04
BIO-key International Secures $1.13 Million Senior Secured Loan from Streeterville Capital for Working Capital Needs

**BIO-key International Secures $1.13 Million in New Financing from Streeterville Capital** BIO-key International, Inc. has announced the closing of a new financing agreement with Streeterville Capital, LLC, an existing lender. Under the terms of the agreement, finalized on September 30, 2025, BIO-key issued a $1,130,000 senior secured promissory note to Streeterville Capital. After deducting an original issue discount and transaction costs, the company received $1,000,000 in net proceeds, which will be used for general working capital. The note carries a 9% annual interest rate and matures 18 months from the date of issuance. Additionally, all principal repayments are subject to a 7% exit fee. Beginning six months after issuance, Streeterville Capital has the right to redeem up to $135,000 of principal per month, subject to applicable exit fees. The agreement includes customary covenants and default provisions, including accelerated repayment and increased interest rates in the event of default. BIO-key is required to maintain its Nasdaq listing and timely SEC filings as part of the agreement. Full details of the transaction are available in the company's Form 8-K filing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BIO-key International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-030493), on October 03, 2025, and is solely responsible for the information contained therein.

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