AudioEye Completes $33 Million Secondary Stock Offering
Digital accessibility company AudioEye has successfully priced a secondary offering of up to 1.25 million shares, with Roth Capital Partners serving as lead manager. The offering provides liquidity for selling stockholders at $24 per share.
AudioEye, a digital accessibility technology company, has completed a $33 million secondary stock offering, with Roth Capital Partners acting as lead manager. The offering involves the sale of up to 1.25 million shares of common stock at $24 per share, providing liquidity for existing stockholders.
The offering includes an additional 30-day option for underwriters to purchase up to 187,500 more shares. All net proceeds will be received directly by the selling stockholders, offering them an opportunity to monetize their investment in the digital accessibility technology provider.
AudioEye has built a significant market presence, serving over 127,000 customers including major brands like Samsung, Calvin Klein, and Samsonite. The company has developed a comprehensive digital accessibility solution that combines AI automation technology with expert interventions, holding 24 U.S. patents in the process.
The secondary offering signals continued investor confidence in AudioEye's digital accessibility technologies. With growing legal and ethical requirements for digital inclusivity, the company's technology provides businesses with tools to create more accessible digital experiences while mitigating compliance risks.