AudioEye Inc. filed SEC Form 8-K: Other Events
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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
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 | |