Change: offered +24% / raised +24% / placed 100%
XDATA – August 8th 2014
AudioEye re-opened and closed its unregistered equity offering after increasing the placement’s size from $3.45 million to $4.28 million. The offer closed after the company raised $830,000 from two additional investors within almost six months. At closing, a total of seventeen investors had subscribed to AudioEye‘s offering. The private placement’s expected net proceeds amounts to $4 million which excludes $277,000 paid in brokerage fees. Up to now AudioEye had raised an estimated $2.25 million in unregistered securities via one financing round.
AudioEye develops and markets a cloud-based technology platform that converts website content and navigation menus into an interactive and fully accessible audio-equivalent of the website for people with disabilities.
The company, headquartered in Tucson AZ, is led by Nathaniel T Bradley (President and CEO). Revenues on or below $5 million were reported by AudioEye.
The executive team includes Constantine Patamianos, Edward O’donnell, James Crawford, Paul Arena and Sean Bradley.
The board of directors includes Anthony Coelho, Carr Bettis, Edward Withrow, Ernest Purcell and Matthew Mellon.
The company has raised an estimated total of $6.53 million via private unregistered security offerings.
Amount offered: $4.28 million
Amount placed: $4.28 million
First sale: 12-23-2013
Data as of: 08-08-2014