BIO-key International Announces Warrant Inducement Deal For Exercise Of 618,334 Warrants At Reduced $4.06 Price, Expects Approximately $2.5M In Gross Proceeds
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Why It Matters
Bio-key is offering people who own special certificates (called warrants) a chance to turn them into stock at a cheaper price, and the company expects to get about $2.5 million in cash from this deal. When a company does this, it means they need money, so watch whether they use it wisely on their business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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