NewsMV
(Nasdaq: BKYI) has fully satisfied a $1,130,000 secured promissory note owed to Streeterville Capital, LLC by exchanging a portion of the debt for 247,805 shares of common stock.
The company disclosed the transaction in a Form 8-K filed with the Securities and Exchange Commission on October 2, 2026, reporting that four separate exchange agreements were executed on September 29, 2026.
The original note, dated September 30, 2025, carried a principal amount of $1,130,000. Under the terms of the new agreements, BIO-key partitioned four new promissory notes from the original instrument.
These partitioned notes hold original principal amounts of $68,315.80, $116,000, $117,000, and $115,000. The aggregate principal of these four notes is $416,315.80.
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