Digital accessibility technology firm AudioEye has successfully completed a $33 million secondary stock offering, with Roth Capital Partners serving as the lead manager for the transaction. The offering involved the sale of up to 1,250,000 shares of common stock at $24.00 per share, with underwriters receiving an additional 30-day option to purchase up to 187,500 additional shares.
The secondary offering represents a strategic financial move for AudioEye, which provides comprehensive digital accessibility solutions for businesses across various industries. With a client portfolio that includes major brands like Samsung, Calvin Klein, and Samsonite, the company has positioned itself as a leader in ensuring digital platforms are accessible to individuals with disabilities.
AudioEye's technology combines artificial intelligence automation with expert human intervention to create robust accessibility solutions. The company holds 24 U.S. patents and offers a comprehensive suite of services, including continuous accessibility monitoring, automated issue testing and resolution, and legal protection for organizations seeking to comply with digital accessibility standards.
The successful offering underscores growing investor interest in digital accessibility technologies. As businesses increasingly recognize the importance of creating inclusive digital experiences, companies like AudioEye are becoming critical partners in developing more equitable online environments.
The funds from this secondary offering will be directly received by the selling stockholders, potentially providing additional financial flexibility for the company's continued technological development and market expansion.
