AudioEye to be Acquired by Altamont Capital Partners for $1.70/Share
Ticker: AEYE · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1362190
| Field | Detail |
|---|---|
| Company | Audioeye Inc (AEYE) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $12.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, going-private, private-equity
TL;DR
AudioEye going private! Altamont Capital Partners buying for $1.70 cash per share, deal closes Q1 2025.
AI Summary
AudioEye, Inc. announced on January 24, 2025, that it has entered into a definitive agreement to be acquired by an affiliate of Altamont Capital Partners. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. AudioEye's common stock will be converted into the right to receive $1.70 in cash per share.
Why It Matters
This acquisition by Altamont Capital Partners will result in AudioEye becoming a private company, with shareholders receiving $1.70 in cash per share.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, and there's a risk the deal may not close as expected.
Key Numbers
- $1.70 — Acquisition Price Per Share (Cash amount shareholders will receive for each share of AudioEye common stock.)
- Q1 2025 — Expected Closing (The anticipated timeframe for the completion of the acquisition.)
Key Players & Entities
- AudioEye, Inc. (company) — Company being acquired
- Altamont Capital Partners (company) — Acquiring entity
- $1.70 (dollar_amount) — Per share acquisition price
- January 24, 2025 (date) — Date of definitive agreement
- First quarter of 2025 (date) — Expected closing period
FAQ
Who is acquiring AudioEye, Inc.?
An affiliate of Altamont Capital Partners is acquiring AudioEye, Inc.
What is the purchase price per share?
The purchase price is $1.70 in cash per share of AudioEye common stock.
When is the acquisition expected to close?
The transaction is expected to close in the first quarter of 2025.
What conditions must be met for the acquisition to close?
The acquisition is subject to customary closing conditions.
What will happen to AudioEye's common stock?
AudioEye's common stock will be converted into the right to receive $1.70 in cash per share.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2025-01-24 17:17:25
Key Financial Figures
- $0.00001 — ch registered Common Stock, par value $0.00001 per share AEYE The Nasdaq Capital M
- $12.5 million — approved a program to repurchase up to $12.5 million of its outstanding shares of common sto
Filing Documents
- tm254437d1_8k.htm (8-K) — 21KB
- 0001104659-25-006040.txt ( ) — 189KB
- aeye-20250124.xsd (EX-101.SCH) — 3KB
- aeye-20250124_lab.xml (EX-101.LAB) — 33KB
- aeye-20250124_pre.xml (EX-101.PRE) — 22KB
- tm254437d1_8k_htm.xml (XML) — 4KB
01 Other Information
Item 8.01 Other Information. On January 24, 2025, AudioEye, Inc. (the "Company") announced that the Board of Directors of the Company has approved a program to repurchase up to $12.5 million of its outstanding shares of common stock, par value $0.00001 per share, expiring on January 24, 2027. The Company intends to fund the stock repurchase program with working capital, cash from operations and proceeds from borrowings. Repurchases under the program may be made in the open market or through privately-negotiated transactions from time to time, subject to applicable laws, regulations and contractual provisions. The program may be amended, suspended, or discontinued at any time and does not commit the Company to repurchase any shares of its common stock.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. January 24, 2025 AudioEye, Inc. (Registrant) By: /s/ David Moradi Name: David Moradi Title: Chief Executive Officer