Audioeye, Inc. (AEYE) Prices 1.25M Share Secondary Offering at $24/sh

AudioEye, Inc. (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 [email protected], 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 [email protected].

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.

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