secwatch.observer — SEC 8-K summary
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Issuer:     AUDIOEYE INC (AEYE)
CIK:        0001362190
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001104659-22-032966
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AudioEye acquires Bureau of Internet Accessibility for $5M cash; earn-out up to $10.5M total
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- Acquired all equity of BoIA from sellers including Mark Shapiro; closing on March 9, 2022.
- Base purchase price $5.0M cash, subject to customary adjustments for net working capital and debt.
- Sellers eligible for $1.0M additional payment on first anniversary and earn-out based on 2022/2023 revenue; max total $10.5M.
- BoIA provides automated testing and step-by-step accessibility remediation; employees join AudioEye.
- Acquisition strengthens AudioEye's human-led services and custom solutions for digital accessibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362190/000110465922032966/0001104659-22-032966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362190/000110465922032966/tm228652d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-032966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer