Digital accessibility technology firm AudioEye has announced the pricing of a $33 million follow-on stock offering, with Roth Capital Partners serving as lead manager. The company will sell up to 1,250,000 shares of common stock at $24.00 per share, with underwriters granted a 30-day option to purchase an additional 187,500 shares.
The offering represents a strategic financial move for AudioEye, a company that provides digital accessibility solutions for businesses across various industries. With an existing customer base of over 127,000 clients including major brands like Samsung, Calvin Klein, and Samsonite, the stock offering could potentially signal continued growth and market confidence in the company's technological capabilities.
AudioEye's digital accessibility platform combines AI automation technology with expert human oversight, featuring 24/7 accessibility monitoring, automated compliance testing, and legal protection. The company holds 24 U.S. patents, positioning itself as a leader in ensuring digital experiences are inclusive and compliant with accessibility standards.
The entire proceeds from the offering will go directly to the selling stockholders, providing them an opportunity to monetize their investment in the digital accessibility technology sector. This financial transaction underscores AudioEye's ongoing commitment to expanding its market presence and technological innovation.
