---
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"
generated_at: "2026-06-07T19:49:36.236865+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AudioEye enters $7M term loan and authorizes $5M share repurchase program

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-122468
- JSON: https://secwatch.observer/filing/0001104659-23-122468.json
- Plain text: https://secwatch.observer/filing/0001104659-23-122468.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $7.0 million term loan
  - Counterparty: SG Credit Partners, Inc.
  - Rate: 6.25% in excess of the base rate
  - Maturity: 36 months
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/0001104659-23-122468-index.htm
- Material Agreements
  AUDIOEYE INC entered into Loan and Security Agreement with SG Credit Partners, Inc. valued at $7.0 million term loan (effective 2023-11-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: SG Credit Partners, Inc.
  - Value: $7.0 million term loan
  - Effective: 2023-11-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1362190/000110465923122468/0001104659-23-122468-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.