05:59 PM EDT, 04/01/2025 (MT Newswires) -- AudioEye ( AEYE ) said Tuesday it secured a $20 million loan facility from Bridge Bank, a division of Western Alliance Bancorporation (WAL).

The facility comprises a $12 million term loan, expected to repay the company's existing 2023 term loan and bolster its cash position, according to AudioEye ( AEYE ).

It added that the $3 million revolving line of credit and a $5 million delayed draw term loan are available for potential strategic acquisitions.

The company said the loan facility will mature five years after the closing.

Shares of AudioEye ( AEYE ) were up 5% in after-hours trading.