Business
AudioEye Announces Pricing of Upsized $7.3 Million Public Offering of Common Stock
TUCSON, Ariz., Aug. 27, 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. 27, 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 pricing of an underwritten public offering of 411,513 shares of its common stock, at a purchase price to the public of $17.75 per share. In addition, in connection with the offering, AudioEye has granted the underwriter a 30-day option to purchase up to an additional 61,726 shares of common stock solely at the public offering price. The gross proceeds to AudioEye from this offering are expected to be approximately $7.3 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by AudioEye, but excluding any exercise of the underwriter's option to purchase additional shares of common stock. The offering is expected to close on or about August 31, 2020, subject to customary closing conditions. \n\n \n \n \n \n \n \n\n \nAll of the securities in the offering are being sold by AudioEye. AudioEye expects to use the net proceeds of this offering for working capital and general corporate purposes. \nB. Riley FBR is acting as the sole bookrunner for the offering. \nA shelf registration statement on Form S-3 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 registration statement on Form S-3 also relating to the public offering of the shares of common stock described above was filed with the SEC on August 27, 2020 pursuant to Rule 462(b) and is effective upon filing. 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].\nBefor...