Loan & DebtSep 18, 2026, 04:16 PM
AudioEye Modifies Loan Agreement, Adjusts Buyback Limits
AI Summary
AudioEye, Inc. has entered into a Fourth Loan Modification Agreement with Western Alliance Bank. The amendment allows for the addition of litigation expenses (up to $5 million in 2026 and $3 million in 2027) to Adjusted EBIDA and Adjusted EBITDA calculations. Additionally, the aggregate limit for permitted stock buybacks for fiscal years 2025 through 2027 has been set at $7.0 million. The company paid a $5,000 amendment fee.
Key Highlights
- AudioEye amended its Loan and Security Agreement with Western Alliance Bank.
- Litigation expenses can be added back to Adjusted EBIDA/EBITDA calculations, up to $5M in 2026 and $3M in 2027.
- The aggregate limit for Permitted Stock Buybacks for fiscal years 2025-2027 is now $7.0 million.
- An amendment fee of $5,000 was paid to Western Alliance Bank.
Price Impact
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