{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-122468","form_type":"8-K","ticker":"AEYE","cik":"0001362190","company_name":"AUDIOEYE INC","filed_at":"2023-11-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.751641+00:00","generated_at":"2026-06-07T19:49:36.236865+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"AudioEye enters $7M term loan and authorizes $5M share repurchase program","bullets":["$7.0M term loan from SG Credit Partners; 36-month maturity, no amortization, interest at 6.25% over base (prime or 7% floor).","Loan proceeds may fund up to $3M in stock repurchases, BOIA earnout, working capital; secured by first-priority lien on all assets.","Board approved $5M share repurchase program expiring Dec 31, 2025; repurchases may be in open market or private transactions.","Minimum liquidity covenant: at least $2.0M monthly; minimum monthly recurring revenue covenant starting at $2.3M and increasing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-122468","json":"https://secwatch.observer/filing/0001104659-23-122468.json","markdown":"https://secwatch.observer/filing/0001104659-23-122468.md","text":"https://secwatch.observer/filing/0001104659-23-122468.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/0001104659-23-122468-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/tm2331818d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:49:36.236865+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"97a6a959a845f777dae87d199ac90a458f3ff603","claim":"AUDIOEYE INC incurred term loan of $7.0 million term loan with SG Credit Partners, Inc. at 6.25% in excess of the base rate maturing 36 months.","evidence_excerpt":"On November 30, 2023, AudioEye, Inc. (the “Company”) and its wholly-owned subsidiary, Springtime, Inc. (together with the Company, the “Borrowers”), entered into a Loan and Security Agreement (the “Loan Agreement”) with SG Credit Partners, Inc., a Delaware corporation (the “Lender”). The Loan Agreement provides for a $7.0 million term loan (the “Term Loan”), with a maturity date of 36 months and no amortization payments such that the entire principal amount is due and payable on the maturity date. The interest rate is 6.25% in excess of the base rate","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/0001104659-23-122468-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$7.0 million term loan"},{"label":"Counterparty","value":"SG Credit Partners, Inc."},{"label":"Rate","value":"6.25% in excess of the base rate"},{"label":"Maturity","value":"36 months"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3ed953ebf60b77e6c6b6fbe0352afc395fb97fde","claim":"AUDIOEYE INC entered into Loan and Security Agreement with SG Credit Partners, Inc. valued at $7.0 million term loan (effective 2023-11-30).","evidence_excerpt":"On November 30, 2023, AudioEye, Inc. (the “Company”) and its wholly-owned subsidiary, Springtime, Inc. (together with the Company, the “Borrowers”), entered into a Loan and Security Agreement (the “Loan Agreement”) with SG Credit Partners, Inc., a Delaware corporation (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/0001104659-23-122468-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"SG Credit Partners, Inc."},{"label":"Value","value":"$7.0 million term loan"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}