TUCSON,
Ariz., Dec. 5, 2024 /PRNewswire/ -- AudioEye,
Inc. ("AudioEye" or the "Company") (Nasdaq: AEYE), the
industry-leading digital accessibility company,
today announced the pricing of the previously announced
underwritten secondary offering of up to 1,250,000 shares of its
common stock to be sold by certain selling stockholders at a price
to the public of $24.00 per share,
before underwriting discounts and commissions. The offering is
expected to close on December 6,
2024, subject to customary closing conditions. The
underwriters have a 30-day option to purchase up to an additional
187,500 shares of the Company's common stock from the selling
stockholders at the public offering price, less underwriting
discounts and commissions.
Needham & Company is acting as Sole Book-Runner, and Roth
Capital Partners is acting 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 is being made by means of a
prospectus, including a prospectus supplement, forming a part of
the registration statement. A preliminary prospectus supplement and
the accompanying prospectus relating to and describing the terms of
the offering has been filed with the SEC and is available on the
SEC's website at http://www.sec.gov. A final prospectus
supplement and the accompanying prospectus relating to the offering
will be filed with the SEC. Copies of the prospectus supplement and
the accompanying prospectus relating to this offering can be
obtained, when available, 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 does not constitute an offer to sell or the
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
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 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.