debt
confidence high
sentiment neutral
materiality 0.45
AudioEye amends Western Alliance loan: litigation add-backs up to $5M in 2026, $3M in 2027
AUDIOEYE INC
- Fourth Loan Modification Agreement signed Sept 18, 2026 with Western Alliance Bank; $5,000 amendment fee.
- Adjusted EBITDA/EBIDA can now add back non-operating litigation expenses up to $5M TTM through 2026, $3M TTM in 2027, $0 thereafter.
- Permitted Stock Buyback Amount set at $7M aggregate for FY2025-2027, replacing annual limits; $2M annual cap for FY2028 onward.
- Amendment also includes broad release of claims by AudioEye against the Bank.