Business
AudioEye Announces Launch of Public Offering of Common Stock
TUCSON, Ariz., Aug. 26, 2020 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) ("AudioEye" or the "Company"), an industry-leading software solution provider
About this update from Audioeye, Inc.
[{"type":"text","content":"TUCSON, Ariz., Aug. 26, 2020 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) (\"AudioEye\" or the \"Company\"), an industry-leading software solution provider delivering website accessibility compliance to businesses of all sizes, today announced the launch of an underwritten registered public offering of shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the proposed offering. All shares of common stock to be sold in the proposed offering will be offered by the Company. The proposed 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. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes. \n\n \n \n \n \n \n \n\n \nB. Riley FBR is acting as the sole bookrunner for the offering.\nA shelf registration statement on Form S-3 (File No. 333-237545) relating to the public offering of the shares of common stock described above was filed with the Securities and Exchange Commission (the \"SEC\") on April 1, 2020 and declared effective by the SEC on April 15, 2020. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering were filed with the SEC on August 26, 2020. A final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and made available on the SEC's web site at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained, when available, by contacting B. Riley FBR, 11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA 90025, by e-mail at [email protected]. \nBefore investing, interested parties should read the preliminary prospectus supplement and the accompanying base prospectus in the registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy the common stock, nor will there be any sale of the common stock in any state or othe...