On September 29, 2026, Bio-Key International entered into Exchange Agreements with Streeterville Capital to partition $416,315.80 of its outstanding Secured Promissory Note into four new notes totaling that amount. The company exchanged these Partitioned Notes for an aggregate of 247,805 shares of common stock, resulting in the Original Note being paid in full. This transaction represents a debt-to-equity swap executed under Section 3(a)(9) of the Securities Act. Bio-Key International operates in the biometric security industry, providing fingerprint and facial recognition solutions.
