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.
B. Riley FBR is acting as the sole bookrunner for the
offering.
A 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 prospectuses@brileyfbr.com.
Before 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 other jurisdiction in which such offer, solicitation or sale is
not permitted.
About AudioEye, Inc.
AudioEye is a technology company serving businesses committed to
providing equal access to their digital content. Through patented
technology, subject matter expertise and proprietary processes,
AudioEye is transforming how the world experiences digital content.
Leading with technology, AudioEye identifies and resolves issues of
accessibility and enhances the user experience, making digital
content more accessible and more usable for more people.
AudioEye's common stock trades on the Nasdaq Capital Market
under the symbol "AEYE." The Company maintains offices in
Tucson, Scottsdale, Atlanta,
New York and Washington
D.C.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements,
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements reflect the Company's
expectations and projections about its future results, performance,
prospects and opportunities. These statements can be identified by
the fact that they do not relate strictly to historical or current
facts. The Company has tried to identify forward-looking statements
by using words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "project,"
"potential," "should," "will," "will be," "would" and similar
expressions, but this is not an exclusive way of identifying such
statements. Readers are cautioned that forward-looking statements
are not guarantees of future performance. The Company's actual
results, performance and achievements may differ materially from
those expressed in, or implied by, the forward-looking statements
contained herein as a result of various risks, uncertainties and
other factors. Important factors that could cause the Company's
actual results to differ materially from its expectations
include, the variability of the Company's revenues and
financial performance; risks associated with product development
and technological changes; the impact of COVID-19; the acceptance
of the Company's products in the marketplace by existing and
potential future customers; competition; general economic
conditions; and other factors described under "Risk Factors" in the
Company's most recent Annual Report on Form 10-K and in other
filings the Company makes with the SEC from time to time.
Forward-looking statements speak only as of the date hereof. Except
as expressly required under federal securities laws and the rules
and regulations of the SEC, the Company does not undertake any
obligation to update any forward-looking statements to reflect
events or circumstances arising after the date hereof, whether as a
result of new information or future events or otherwise. You should
not place undue reliance on the forward-looking statements included
herein or that may be made elsewhere from time to time by the
Company, or on the Company's behalf. All forward-looking statements
attributable to the Company are expressly qualified by these
cautionary statements.
Investor Contact:
Matt
Glover or Tom Colton
AEYE@gatewayir.com
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SOURCE AudioEye, Inc.