<SEC-DOCUMENT>0001161697-23-000055.txt : 20230110
<SEC-HEADER>0001161697-23-000055.hdr.sgml : 20230110
<ACCEPTANCE-DATETIME>20230110155230
ACCESSION NUMBER:		0001161697-23-000055
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230110
DATE AS OF CHANGE:		20230110

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIO KEY INTERNATIONAL INC
		CENTRAL INDEX KEY:			0001019034
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				411761861
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78825
		FILM NUMBER:		23521079

	BUSINESS ADDRESS:	
		STREET 1:		3349 HIGHWAY 138
		STREET 2:		BUIDING A, SUITE E
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719
		BUSINESS PHONE:		7323591100

	MAIL ADDRESS:	
		STREET 1:		3349 HIGHWAY 138
		STREET 2:		BUIDING A, SUITE E
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAC TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19961115

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AJB Capital Investments LLC
		CENTRAL INDEX KEY:			0001907081
		IRS NUMBER:				850968967
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		4700 SHERIDAN STREET
		STREET 2:		SUITE J
		CITY:			HOLLYWOOD
		STATE:			FL
		ZIP:			33021
		BUSINESS PHONE:		917-453-9806

	MAIL ADDRESS:	
		STREET 1:		4700 SHERIDAN STREET
		STREET 2:		SUITE J
		CITY:			HOLLYWOOD
		STATE:			FL
		ZIP:			33021
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sc_13g.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 13G</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Under the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Amendment No. ___)*</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BIO-KEY INTERNATIONAL, INC.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Name of Issuer)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Common Stock, $0.0001 par value per share</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Title of Class of Securities)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>09060C4087</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(CUSIP Number)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>December 22, 2022</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Date of Event Which Requires Filing of this Statement)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[ ] Rule 13d-1(b)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[X] Rule 13d-1(c)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[ ] Rule 13d-1(d)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 0.25pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; padding: 0.25pt; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">*</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">The remainder of this cover page shall be filled out for a reporting person&rsquo;s initial filing on this form with
respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided
in a prior cover page.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information required on the remainder of this
cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<HR ALIGN="CENTER" NOSHADE SIZE="2" STYLE="WIDTH: 100%"><P STYLE="BREAK-BEFORE: ALWAYS"></P><PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">CUSIP No. 09060C4087</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 37.5pt; border: Black 1.5pt solid; padding: 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">1.</FONT></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.75pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Names of reporting persons.</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">AJB Capital Investments LLC</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">2.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Check the appropriate box if a member of a group (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">(a) [ ] (b) [ ]</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">3.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.1in; border-right: Black 1.5pt solid; font-size: 12pt"><FONT STYLE="font-size: 12pt">SEC use only</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">4.</FONT></TD>
    <TD STYLE="border-right: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Citizenship or place of organization</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">United States</P></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR>
    <TD ROWSPAN="4" STYLE="width: 73.5pt; border: Black 1.5pt solid; padding: 0.25pt 0.75pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Number of</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">shares</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">beneficially</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">owned by</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">each</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">reporting</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">person with:</P></TD>
    <TD STYLE="vertical-align: top; width: 36.75pt; border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">5. </FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Sole voting power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">6.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Shared voting power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">7.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Sole dispositive power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.25pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">8.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.25pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Shared dispositive power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">0</P></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; width: 37.5pt; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">9.</FONT></TD>
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.75pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Aggregate amount beneficially owned by each reporting person</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">10.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Check if the aggregate amount in Row (9) excludes certain shares
    (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">[ ]</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">11.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Percent of class represented by amount in Item 9</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">8.3% (2)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">12.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Type of reporting person (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">OO</P></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 6.5in; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; padding: 0.25pt; font-size: 12pt; text-align: left">(1)</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; width: 6in; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">Consists of 700,000 outstanding shares of common stock of the Issuer, par value 0.0001 (&ldquo;Shares&rdquo;), directly held by AJB Capital Investments LLC. AJB Capital Managers LLC is the manager of AJB Capital Investments LLC.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 12pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 12pt; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 12pt; text-align: left">(2)</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">Based on 8,465,211 Shares outstanding as of November 11, 2022, as reported in the Issuer&rsquo;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2022.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="FONT: 12pt TIMES NEW ROMAN, TIMES, SERIF; MARGIN: 0; TEXT-ALIGN: CENTER">- 2 -</P>


<HR ALIGN="CENTER" NOSHADE SIZE="2" STYLE="WIDTH: 100%"><P STYLE="BREAK-BEFORE: ALWAYS"></P><PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">CUSIP No. 09060C4087</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 37.5pt; border: Black 1.5pt solid; padding: 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">1.</FONT></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.75pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Names of reporting persons.</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">AJB Capital Managers LLC</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">2.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Check the appropriate box if a member of a group (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">(a) [ ] (b) [ ]</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">3.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.1in; border-right: Black 1.5pt solid; font-size: 12pt"><FONT STYLE="font-size: 12pt">SEC use only</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">4.</FONT></TD>
    <TD STYLE="border-right: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Citizenship or place of organization</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">United States</P></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR>
    <TD ROWSPAN="4" STYLE="width: 73.5pt; border: Black 1.5pt solid; padding: 0.25pt 0.75pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Number of</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">shares</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">beneficially</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">owned by</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">each</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">reporting</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">person with:</P></TD>
    <TD STYLE="vertical-align: top; width: 36.75pt; border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">5. </FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Sole voting power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">6.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Shared voting power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">7.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Sole dispositive power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.25pt 0.25pt; border-right: Black 1.5pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">8.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.25pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Shared dispositive power</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">0</P></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; margin-left: 1.5pt; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; width: 37.5pt; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">9.</FONT></TD>
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; padding: 0.75pt 0.75pt 0.75pt 0.25pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Aggregate amount beneficially owned by each reporting person</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">700,000 (1)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">10.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Check if the aggregate amount in Row (9) excludes certain shares
    (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">[ ]</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">11.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Percent of class represented by amount in Item 9</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">8.3% (2)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 12pt">12.</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.75pt 0.75pt 0.25pt; border-right: Black 1.5pt solid">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Type of reporting person (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">OO</P></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 6.5in; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; padding: 0.25pt; font-size: 12pt; text-align: left">(1)</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; width: 6in; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">Solely in its capacity as Manager of AJB Capital Investments LLC.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 12pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 12pt; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 12pt; text-align: left">(2)</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 12pt; text-align: justify"><FONT STYLE="font-size: 12pt">Based on 8,465,211 Shares outstanding as of November 11, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2022.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="FONT: 12pt TIMES NEW ROMAN, TIMES, SERIF; MARGIN: 0; TEXT-ALIGN: CENTER">- 3 -</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 1.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(A) NAME OF ISSUER:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Bio-Key International, Inc. (the &ldquo;Issuer&rdquo;)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(B) ADDRESS OF ISSUER&rsquo;S PRINCIPAL
EXECUTIVE OFFICE:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">3349 Highway 138, Building A, Suite E<BR>
Wall, NJ 07719</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 2.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(A) NAME OF PERSONS FILING:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AJB Capital Investments LLC and AJB Capital Managers
LLC</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(B) ADDRESS OF PRINCIPAL BUSINESS
OFFICE OR, IF NONE, RESIDENCE:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">4700 Sheridan Street, Suite J<BR>
Hollywood, FL 33031</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(C) CITIZENSHIP:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Florida, United States</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(D) TITLE OF CLASS OF SECURITIES:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Common Stock, $0.0001 par value per share</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">(E) CUSIP NUMBER:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">09060C4087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 3. STATEMENT FILED PURSUANT TO RULE 13D-1(B)
OR 13D-2(B) OR (C)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 4. OWNERSHIP</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information contained in Items 5-9 and 11 of the
cover pages of this Schedule 13G is hereby incorporated by reference into this Item 4.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AJB Capital Investments LLC (&ldquo;AJB Investments&rdquo;)
is the direct owner of 700,000 shares of common stock of the Issuer, par value 0.0001 (&ldquo;Shares&rdquo;), constituting approximately
8.3% of the Issuer&rsquo;s Shares, and has the sole power to vote and dispose of such securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="FONT: 12pt TIMES NEW ROMAN, TIMES, SERIF; MARGIN: 0; TEXT-ALIGN: CENTER">- 4 -</P>


<HR ALIGN="CENTER" NOSHADE SIZE="2" STYLE="WIDTH: 100%"><P STYLE="BREAK-BEFORE: ALWAYS"></P><PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AJB Capital Managers LLC (&ldquo;AJB Managers&rdquo;),
in its capacity as the Manager of AJB Investments, has the ability to direct the management of the business of AJB Investments including
the power to vote and dispose of securities beneficially owned by AJB Investments; therefore, AJB Managers may be deemed to have indirect
beneficial ownership of the Shares held by AJB Investments.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #212121">AJB Managers is managed
by a&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #252525">board</FONT><FONT STYLE="color: #212121">&nbsp;of&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #252525">managers</FONT>
<FONT STYLE="color: #212121">(the &ldquo;Board of Managers&rdquo;) which operates by majority vote such that no individual member of the
Board of Managers has voting or dispositive control over the Shares. Each individual constituting the Board of Managers therefore expressly
disclaims beneficial ownership of these securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: #FEFEFE">Pursuant to
Rule 13d-4 of the Exchange Act, the Reporting Persons declare that filing this Schedule 13G shall not be construed as an admission that
any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Exchange Act, the beneficial owner of any securities
covered by this Schedule 13G except to the extent of such person&rsquo;s pecuniary interest in the Units, and except to the extent of
its pecuniary interest, such beneficial ownership is expressly disclaimed by each Reporting Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All calculations of percentage ownership herein are
based on 8,465,211 Shares outstanding as of November 11, 2022, as reported in the Issuer&rsquo;s Quarterly Report on Form 10-Q filed with
the Securities and Exchange Commission on November 14, 2022.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF
A CLASS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities,
check the following [ ].</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON
BEHALF OF ANOTHER PERSON</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 7. IDENTIFICATION AND CLASSIFICATION OF
THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 8. IDENTIFICATION AND CLASSIFICATION OF
MEMBERS OF THE GROUP</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 9. NOTICE OF DISSOLUTION OF GROUP</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="FONT: 12pt TIMES NEW ROMAN, TIMES, SERIF; MARGIN: 0; TEXT-ALIGN: CENTER">- 5 -</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ITEM 10. CERTIFICATION.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &sect; 240.14a-11.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">After reasonable inquiry and to
the best of the undersigned&rsquo;s knowledge and belief, the undersigned certify that the information set forth in this statement is
true, complete and correct.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Dated: January 10,
2023</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>AJB CAPITAL INVESTMENTS LLC </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>AJB Capital Managers LLC, its Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>/s/ Ari Blaine, Authorized Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>AJB CAPITAL MANAGERS LLC </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>/s/ Ari Blaine, Authorized Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INDEX TO EXHIBITS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1.5in; font-size: 12pt">Exhibit 99.1</TD>
    <TD STYLE="width: 5in; font-size: 12pt"><A HREF="ex_99-1.htm">Joint Filing Agreement</A></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="FONT: 12pt TIMES NEW ROMAN, TIMES, SERIF; MARGIN: 0; TEXT-ALIGN: CENTER">- 6 -</P>

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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex_99-1.htm
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit 99.1</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>JOINT FILING AGREEMENT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with Rule 13d-1(k) promulgated under
the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as
such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments
thereto) with respect to the shares of common stock, par value $0.0001, of Bio-Key International, Inc. a Delaware corporation (the &ldquo;Issuer&rdquo;),
unless and until a Reporting Person shall give written notice to the other Reporting Persons that it wishes to make separate Schedule
13G filings.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The undersigned further agree that each party hereto
is responsible for timely filing of such Statement on Schedule 13G and any further amendments thereto, and for the completeness and accuracy
of the information concerning such party contained therein, provided that no party is responsible for the completeness and accuracy of
the information concerning the other party, unless such party knows or has reason to believe that such information is inaccurate. The
undersigned further agree that this Agreement shall be included as an Exhibit to such joint filing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Agreement may be executed in any number of counterparts,
all of which taken together shall constitute one and the same instrument.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">IN WITNESS WHEREOF, the parties hereto have caused
this Joint Filing Agreement to be duly executed effective as of December 22, 2022.&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Dated:&nbsp;&nbsp;January
10, 2023</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>AJB CAPITAL INVESTMENTS LLC </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>AJB Capital Managers LLC its Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>/s/ Ari Blaine, Authorized Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>AJB CAPITAL MANAGERS LLC </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By:&nbsp;&nbsp;&nbsp;<U>/s/ Ari Blaine, Authorized Manager</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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