BIO-key's stock will resume trading on Nasdaq after compliance restoration, with oversight for one year.
Quiver AI Summary
BIO-key International, Inc. has announced that it will resume trading on the Nasdaq Capital Market starting July 8, 2026, following a hearing with a Nasdaq Hearings Panel that confirmed the company's compliance with listing standards. This decision comes after BIO-key demonstrated adherence to requirements regarding minimum bid price and SEC filing obligations. CEO Michael DePasquale expressed gratitude for the support from Nasdaq during this process, highlighting the company's growth in recurring revenue and interest in its biometric technology, which aims to address cybersecurity vulnerabilities. Moving forward, BIO-key will operate under a Discretionary Panel Monitor for one year as part of the compliance process.
Potential Positives
- The trading of BIO-key's common stock will recommence on the Nasdaq Capital Market, signaling a recovery and renewed confidence in the company's compliance with listing standards.
- The Nasdaq Hearings Panel determined that BIO-key has regained compliance with continued listing standards, including minimum bid price and SEC filing requirements.
- CEO Michael DePasquale highlighted the company's growing base of recurring revenue and expanding interest in its biometric technologies, suggesting potential for future growth.
- BIO-key's portfolio, which includes innovative biometric authentication solutions, positions the company to address significant cybersecurity vulnerabilities, enhancing its market relevance.
Potential Negatives
- The company is under a Discretionary Panel Monitor for a year, indicating ongoing scrutiny and potential future compliance issues.
- Trading of BIO-key's shares was previously suspended, suggesting challenges in meeting Nasdaq listing standards which could point to financial instability.
FAQ
When will BIO-key's trading on Nasdaq resume?
BIO-key's trading on the Nasdaq Capital Market will resume on July 8, 2026.
What led to the restoration of BIO-key's stock trading?
The Nasdaq Hearings Panel determined that BIO-key regained compliance with listing standards after a hearing on June 16, 2026.
What is a Discretionary Panel Monitor?
A Discretionary Panel Monitor is a requirement for companies under Nasdaq Rule 5815(d)(4)(B), providing oversight for one year.
What does BIO-key offer in terms of technology?
BIO-key specializes in biometric authentication and multi-factor identity and access management solutions for cybersecurity.
Who commented on the resumption of trading for BIO-key?
BIO-key CEO Michael DePasquale expressed gratitude to Nasdaq and the Hearings Panel for restoring trading.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BKYI Hedge Fund Activity
We have seen 4 institutional investors add shares of $BKYI stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITIGROUP INC added 50,338 shares (+457618.2%) to their portfolio in Q1 2026, for an estimated $26,684
- JANE STREET GROUP, LLC removed 25,317 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $13,420
- GEODE CAPITAL MANAGEMENT, LLC removed 19,349 shares (-39.6%) from their portfolio in Q1 2026, for an estimated $10,256
- UBS GROUP AG removed 14,721 shares (-96.4%) from their portfolio in Q1 2026, for an estimated $7,803
- FLOW TRADERS U.S. LLC removed 11,273 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $5,975
- CITADEL ADVISORS LLC removed 3,164 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,677
- VIRTU FINANCIAL LLC added 2,071 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,097
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
HOLMDEL, N.J., July 07, 2026 (GLOBE NEWSWIRE) -- BIO-key ® International, Inc. (Nasdaq: BKYI), a global leader in Identity and Access Management and biometric authentication technologies, today announced that The Nasdaq Stock Market LLC has notified it that the trading of its common stock will recommence on the Nasdaq Capital Market effective with markets’ opening on Wednesday, July 8, 2026.
Trading of BIO-key’s shares was restored following a June 16 th hearing with a Nasdaq Hearings Panel, in which the Panel determined the Company has regained compliance with the continued listing standards, including minimum bid price and SEC filing requirements. The Company will be subject to a Discretionary Panel Monitor pursuant to Nasdaq Rule 5815(d)(4)(B) for a period of one year until July 6, 2027.
BIO-key CEO Michael DePasquale commented, “We are grateful to Nasdaq and the Hearings Panel for working with us through this process to successfully restore our shares to Nasdaq trading. We have built a growing base of recurring revenue, expanding interest in our biometric technology’s ability to solve pervasive cybersecurity vulnerabilities, a solid financial position, and a streamlined cost structure. It is an exciting moment for BIO-key as we expect our business to deliver significantly improved results this year.
About BIO-key International, Inc. ( www.BIO-key.com )
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software that secures access for over forty million users worldwide. BIO-key enables customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value data and transactions.
BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.
| Engage with BIO-key Corporate: | ||
| Facebook: | https://www.facebook.com/BIOkeyInternational/ | |
| LinkedIn: | https://www.linkedin.com/company/bio-key-international | |
| X: | @BIOkeyIntl | |
|
Investors:
|
||
| X: | @BIO_keyIR | |
| StockTwits: | @BIO_keyIR | |
Investor Contacts
William Jones, David Collins
Catalyst IR
[email protected]
or 212-924-9800