Certain Warrants of BIO-key International, Inc. are subject to a Lock-Up Agreement Ending on 30-JAN-2024. These Warrants will be under lockup for 91 days starting from 31-OCT-2023 to 30-JAN-2024.

Details:
Each of officers and directors and executive officers and any holders of five percent or more of the outstanding shares of common stock have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of common stock or other securities convertible into or exercisable or exchangeable for common stock for a period of 120 days after this offering is completed without the prior written consent of the placement agent.