TUCSON,
Ariz., Dec. 4, 2024 /PRNewswire/ -- AudioEye,
Inc. ("AudioEye" or the "Company") (Nasdaq: AEYE), the
industry-leading digital accessibility company, today announced the
launch of an underwritten secondary offering of shares of its
common stock to be sold by certain selling stockholders. The
selling stockholders also expect to grant to the underwriters an
option, exercisable for 30 days, to purchase additional shares of
the Company's common stock from the selling stockholders at the
public offering price, less underwriting discounts and commissions.
The offering is subject to market and other conditions, and there
can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
Needham & Company will act as Sole Book-Runner, and Roth
Capital Partners will act as Lead Manager for the offering.
The selling stockholders will receive all of the net proceeds
from the proposed offering. The Company will not sell any shares of
its common stock in the proposed offering and will not receive any
proceeds from the sale of shares of the Company's stock in the
offering.
This offering is being made pursuant to a shelf
registration statement on Form S-3 (File No. 333-276937) filed with
the Securities and Exchange Commission (the "SEC") and declared
effective on February 13, 2024. The
offering of the shares of common stock will be made by means of a
prospectus, including a prospectus supplement, forming a part of
the registration statement. A preliminary prospectus supplement and
the accompanying prospectuses relating to and describing the terms
of the offering will be filed with the SEC, and will be available
on the SEC's website at http://www.sec.gov or when available, may
be obtained by contacting: Needham & Company, LLC, 250 Park
Avenue, 10th Floor, New York, NY
10177, Attn: Prospectus Department, by telephone at (800) 903-3268
or by e-mail at prospectus@needhamco.com, with a copy to Roth
Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, Attn: Equity
Capital Markets, by telephone at (800) 678-9147 or by e-mail at
rothecm@roth.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction.
About AudioEye
AudioEye exists to ensure the digital
future we build is inclusive. By combining the latest AI automation
technology with guidance from certified experts and direct input
from the disability community, AudioEye helps ensure businesses of
all sizes — including over 126,000 customers like Samsung,
Calvin Klein, and Samsonite — are
accessible and usable. Holding 23 US patents, AudioEye helps
companies solve every aspect of digital accessibility with flexible
approaches that best meet their needs. The comprehensive solution
includes 24/7 accessibility monitoring, automated accessibility
fixes, expert testing, developer tools, and industry-leading legal
protection.
Forward-Looking Statements
Statements contained
in this press release regarding matters that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended. Words
such as "anticipates," "believes," "expects," "intends," "plans,"
"potential," "projects," "would," and "future," or similar
expressions, are intended to identify forward-looking statements.
These forward-looking statements reflect AudioEye's current beliefs
and expectations and involve risks and uncertainties that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements. Forward-looking
statements contained in this press release include, but are not
limited to statements relating to the offering, its size and
expected closing date. Each of these forward-looking statements
involves substantial risks and uncertainties that could cause
actual results to differ significantly from those expressed or
implied by such forward-looking statements, including, without
limitation, risks and uncertainties related to: the uncertain
market acceptance of our existing and future products; our need
for, and the availability of, additional capital in the future to
fund our operations and the development of new products; the
success, timing and financial consequences of new strategic
relationships or licensing agreements we may enter into; rapid
changes in Internet-based applications that may affect the utility
and commercial viability of our products; the timing and magnitude
of expenditures we may incur in connection with our ongoing product
development activities; judicial applications of accessibility laws
to the internet; the level of competition from our existing
competitors and from new competitors in our marketplace; and the
regulatory environment for our products and services. We undertake
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Investor Contact
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860
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SOURCE AudioEye, Inc.