{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-030650","form_type":"8-K","ticker":"AEYE","cik":"0001362190","company_name":"AUDIOEYE INC","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.068437+00:00","generated_at":"2026-05-24T00:28:04.340078+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AudioEye enters $12M term loan and $3M revolver with Western Alliance Bank, repays SG Credit Partners debt","bullets":["Closed on $12.0M term loan (Term A Advance) on March 31, 2025, with additional $5.0M available through March 2026 and $3.0M revolving credit line.","Maturity date of March 31, 2030; interest rate at Term SOFR + 3.25% (floor 2.30%).","Proceeds used to repay ~$7.3M outstanding under prior SG Credit Partners loan, plus working capital and potential acquisitions.","Covenants include minimum $3M cash and Committed Debt to ARR ratio between 0.70 and 0.55 through June 2026; later leverage and fixed charge coverage ratios.","Borrowers granted first-priority security interest in all assets; facility fees of $50,000 paid at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-030650","json":"https://secwatch.observer/filing/0001104659-25-030650.json","markdown":"https://secwatch.observer/filing/0001104659-25-030650.md","text":"https://secwatch.observer/filing/0001104659-25-030650.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/tm2511082d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:28:04.340078+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":"06d4f89b4d9b3ad6762619ad4074a4828fa1eb3a","claim":"AUDIOEYE INC incurred revolving credit of $3.0 million with Western Alliance Bank at 3.25% above the term SOFR rate maturing March 31, 2030.","evidence_excerpt":"revolving line of credit in an aggregate outstanding amount not to exceed $3.0 million (the “Revolving Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$3.0 million"},{"label":"Counterparty","value":"Western Alliance Bank"},{"label":"Rate","value":"3.25% above the term SOFR rate"},{"label":"Maturity","value":"March 31, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a50dfbb9b4a62a2181b2f906757e866d7a92a1bc","claim":"AUDIOEYE INC incurred credit facility of $12.0 million term loan advance with Western Alliance Bank at 3.25% above the term SOFR rate maturing March 31, 2030.","evidence_excerpt":"The Loan Agreement provides for a (i) term loan facility, comprising of a $12.0 million term loan advance (the “Term A Advance”) funded on March 31, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$12.0 million term loan advance"},{"label":"Counterparty","value":"Western Alliance Bank"},{"label":"Rate","value":"3.25% above the term SOFR rate"},{"label":"Maturity","value":"March 31, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}