BIO-key International Gets Notice Of Non-Compliance From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
BIO-key International (BKYI) has received a notice of non-compliance from Nasdaq due to its delinquent Form 10-K filing for the period ended December 31, 2022. The company has until June 20, 2023, to submit a plan to regain compliance.
May 30, 2023 | 8:34 pm
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NEGATIVE IMPACT
BIO-key International's stock price may be negatively impacted by the notice of non-compliance from Nasdaq due to its delinquent Form 10-K filing.
The notice of non-compliance from Nasdaq is a negative development for BIO-key International, as it indicates that the company has not met regulatory requirements. This may lead to concerns among investors about the company's financial health and transparency, potentially causing downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100