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Bio-Key completes $3.7M private placement

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Bio-Key International Inc., a developer of fingerprint identification solutions based in Wall, announced today it has completed a private direct placement raising $3.7 million in equity capital from institutional and individual accredited investors.

According to the announcement, the total capital raised in the offering includes approximately $3.1 million previously reported in the company's form 8-K filed with the U.S. Securities and Exchange Commission on October 28, 2013. Dougherty & Company LLC, a Minn.-based investment bank, acted as the exclusive placement agent for the transaction.

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