BIO-key's Nasdaq Compliance Milestone: A New Era Begins
BIO-key International, Inc. Elevates Compliance with Nasdaq Standards
HOLMDEL, N.J. — BIO-key International, Inc. (NASDAQ: BKYI), a pioneering provider of Identity and Access Management (IAM) solutions, recently achieved a significant milestone in its business operations. The company specializes in innovative authentication technologies, including passwordless and tokenless biometric solutions designed to enhance security for its users. This achievement marked the resolution of an important compliance issue with The Nasdaq Stock Market.
Understanding the Compliance Notification
On April 17, 2025, BIO-key received a notification regarding a breach of compliance with Nasdaq Listing Rule 5250(c)(1). This rule mandates that companies must file their periodic financial reports on time. The issue stemmed from BIO-key's delay in submitting its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. Thankfully, this notification did not affect the listing or trading of BIO-key's common stock on the Nasdaq Capital Market, allowing investors to remain confident in their holdings.
Swift Resolution and Regaining Compliance
In a swift response to the compliance matter, BIO-key filed its Form 10-K with the SEC on April 23, 2025. Just one day later, on April 24, the company received confirmation from Nasdaq that it had regained compliance with Listing Rule 5250(c)(1). This news brought closure to the situation and ultimately reaffirmed the company’s standing within the financial markets.
About BIO-key International, Inc.
BIO-key International, Inc. is transforming the landscape of cybersecurity with its state-of-the-art biometrically focused IAM solutions. Serving over forty million users, they offer flexibility in authentication options—including phoneless and tokenless alternatives designed for diverse needs. PortalGuard, their IAM solution, is available both as a cloud-hosted and on-premise option, catering to businesses seeking a cost-effective way to secure access to their systems.
Engagement and Connection Opportunities
To enhance corporate communications and investor relations, BIO-key encourages engagement through various platforms. The company actively shares updates, insights, and news through social media, including Facebook and LinkedIn. These platforms enable stakeholders to stay connected and informed about the exciting innovations and developments at BIO-key.
Looking Forward: A Bright Future for BIO-key
As BIO-key traverses this pivotal juncture back into compliance with Nasdaq, it opens new doors for growth and innovation. The trends toward more secure and effective IAM solutions align perfectly with the ongoing shift in remote work and digital transactions. Investors and customers alike can anticipate exciting advancements in BIO-key’s offerings as they continue to lead in biometric technology.
Investor Relations and Support
To further foster investor confidence, BIO-key is committed to transparency and ongoing communication with stakeholders. William Jones and David Collins from Catalyst IR are available for any inquiries and can be reached via email at BKYI@catalyst-ir.com or through their contact number, 212-924-9800. This open line ensures that investors remain well-informed about future developments and corporate strategies.
Frequently Asked Questions
What is BIO-key International, Inc. known for?
BIO-key International, Inc. specializes in identity and access management solutions, particularly focusing on biometric authentication technologies.
What did the Nasdaq compliance notification mean for BIO-key?
The notification indicated that BIO-key had not filed its financial reports on time, impacting its compliance status with Nasdaq regulations.
How did BIO-key resolve the compliance issue?
BIO-key promptly filed its Annual Report on Form 10-K with the SEC, which allowed the company to regain compliance with Nasdaq.
What are the authentication options provided by BIO-key?
BIO-key offers a variety of authentication options including passwordless, tokenless, and phoneless solutions tailored for different user requirements.
Who can investors contact for more information?
Investors can reach out to William Jones or David Collins at Catalyst IR at BKYI@catalyst-ir.com or call 212-924-9800 for assistance.
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