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AudioEye Announces New Commercial Bank Loan Facility

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Facility materially reduces interest rate with added flexibility

TUCSON, Ariz., April 1, 2025 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE: WAL), a financial institution with over $80 billion of assets.

The new facility comprises a $12 million term loan, a $3 million revolver, and a $5 million delayed draw term loan for potential “tuck in” acquisitions. The rate of the new facility represents a significant reduction on the existing facility. The new facility will mature on the fifth anniversary of the facility’s closing. The initial $12 million term loan will fully repay AudioEye’s existing term loan, dated November 30, 2023, and further strengthen the Company’s cash position. The revolver and delayed draw term loan feature the same interest rate as the term loan and remain available for further strategic opportunities.

“Over the last few quarters, our operating leverage has become clear with material improvements in our credit profile. We expect further improvements in operating leverage this year, with adjusted EBITDA expected to increase by 42% year-over-year using the mid-point of the guidance previously issued. The new facility features a reduction of interest rate of approximately 6.5% and added flexibility for strategic opportunities,” said Kelly Georgevich, CFO of AudioEye. “We look forward to partnering with Bridge Bank and Western Alliance Bank through our next growth phase.”

Francesco Corradino, Director, Technology & Innovation Banking at Bridge Bank, added, “Bridge Bank is proud to be AudioEye’s banking partner as they continue in their mission of making the digital world more accessible for everyone. We believe in their market opportunity and unique approach to solving for accessibility. This loan reflects our team’s ongoing commitment to banking relationships with best-in-class companies like AudioEye.”

Bridge Bank’s Technology & Innovation Banking Group supports technology companies at all stages of their life cycles with customized banking services and credit solutions to help them navigate rapidly changing environments.

About AudioEye
AudioEye exists to ensure the digital future we build is accessible. The gold standard for digital accessibility, AudioEye’s comprehensive solution combines industry-leading AI automation technology with expert fixes informed by the disability community. This powerful combination delivers industry-leading protection, ensuring businesses of all sizes – including over 127,000 customers like Samsung, Calvin Klein, and Samsonite – meet and exceed compliance standards. With 24 US patents, AudioEye’s solution includes 24/7 accessibility monitoring, automated WCAG issue testing and fixes, expert testing, developer tools, and legal protection, empowering organizations to confidently create accessible digital experiences for all.

About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored commercial banking solutions with specialized expertise focused on life sciences and technology and innovation companies at every stage in their life cycle, from startup to IPO and beyond. With offices in major tech hubs across the country, Bridge Bank delivers the reach, resources, and market expertise that make a difference for its clients. Bridge Bank also serves the private equity and venture capital communities by providing banking solutions for portfolio companies and funds, plus banking solutions for small to mid-size businesses in the Bay Area. Bridge Bank is part of Western Alliance Bancorporation, which has more than $80 billion in assets. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director. For more information, visit Bridge Bank.

Forward-Looking Statements
Any statements in this press release about AudioEye’s expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are “forward-looking statements” as that term is defined under the federal securities laws. Forward-looking statements are often, but not always, made through the use of words or phrases such as “believe”, “anticipate”, “should”, “confident”, “intend”, “plan”, “will”, “expects”, “estimates”, “projects”, “positioned”, “strategy”, “outlook” and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements contained herein include, but are not limited to, statements regarding future cash flows of the Company, acquisition opportunities, long-term growth prospects, and our adjusted EBITDA guidance. These statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the variability of AudioEye’s revenue and financial performance; sales channels and offerings; product development and technological changes; the acceptance of AudioEye’s products in the marketplace; the effectiveness of our integration efforts; competition; inherent uncertainties and costs associated with litigation; and general economic conditions. These and other risks are described more fully in AudioEye’s filings with the Securities and Exchange Commission. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Forward-looking statements reflect management’s view as of the date of this press release, and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to update such forward-looking statements to reflect events or uncertainties after the date hereof.

Media Contact
Sierra Thomas
AudioEye PR
sierra.thomas@audioeye.com

Investor Contact
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860

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SOURCE AudioEye, Inc.

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Spyne Taps Industry Expert Dave Purgason to Lead US Expansion Amid Major Growth Acceleration

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Spyne establishes US headquarters in Dallas, Texas, to build strategic partnerships and drive expansion in the US automotive market.Plans to scale dealership footprint to 4,000 rooftops by the end of 2025.

DALLAS, April 29, 2025 /PRNewswire/ — Spyne, a leading automotive AI solutions provider, announced the appointment of Dave Purgason as Head of Business, US, as it establishes its new regional headquarters in Dallas, Texas. In this role, Dave will lead Spyne’s expansion efforts across the US automotive market, focusing on large dealership groups and OEM partnerships.

As part of its US expansion, Spyne plans to hire 25+ employees across key functions, including sales, client success, OEM partnerships, and strategic leadership roles. The sales team will be deployed across major DMAs to drive customer acquisition and strengthen regional presence.

Dave brings over three decades of operational excellence in the automotive industry. At Cox Auto Trader, CallRevu, and TRUECar, he led record-setting growth, scaled dealer networks, and developed deep OEM relationships, making him a key asset to Spyne’s US leadership team.

“We’re excited to have Dave onboard as we double down on the US market after raising $16M in Series A. His deep industry expertise and proven leadership will be key in scaling Spyne’s AI innovations, expanding our dealership footprint, and cementing our leadership in digital automotive retail,”  said Sanjay Varnwal, CEO and Co-Founder of Spyne.

“With 5x growth in the last 15 months, Spyne has proved its product-market fit. And, I’m thrilled to join Spyne at such a pivotal time, as our AI solutions are redefining the customer journey for dealers—digitizing their operations, and enhancing efficiency. I look forward to driving our US expansion and building scalable, long-lasting partnerships,” said Dave Purgason, Head of Business, US.

Spyne recently closed $16 million in Series A funding from Vertex Ventures, Accel, and other marquee investors. With a strong global presence in 47+ countries, Spyne’s US expansion will be crucial in its journey to redefine the global digital vehicle retail market.

About Spyne:

Spyne is a leading deep-tech AI platform revolutionizing the global automotive industry. What started as an AI-powered visual merchandising solution has evolved rapidly into a full-stack, AI-driven automotive retail platform, enabling dealerships to seamlessly manage the entire vehicle lifecycle, from sourcing to sale.

For more information, visit www.spyne.ai

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SOURCE Spyne

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SK Shieldus’ EQST Brings Practical Chrome V8 Exploit Training to Black Hat USA 2025

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Two-day hands-on course offers a rare opportunity for beginners to build real browser exploits from scratch using V8 vulnerabilities.

SEOUL, South Korea, April 29, 2025 /PRNewswire/ — South Korea’s leading cybersecurity company, SK Shieldus, announced that its white-hat hacker team, EQST(Experts, Qualified Security Team), will deliver a technical training session titled “Kickoff to V8 Exploit: Every Step of the Way” at ‘Black Hat USA 2025′, the world’s most prominent cybersecurity event.

The two-day course, scheduled for August 4–5, is part of Black Hat’s official Training program (August 2–5) and will be held at Mandalay Bay, Las Vegas.

Tailored for beginner to intermediate security professionals, this course provides hands-on, step-by-step training in vulnerability analysis and exploit development targeting Chrome’s V8 JavaScript engine. Participants will follow a structured learning path—from understanding memory layout to building a full exploit chain that achieves remote code execution (RCE).

Chrome’s V8 engine underwent significant architectural changes in 2024, increasing both its complexity and the technical barrier to vulnerability research. This course is designed to bridge that gap, offering clear explanations of V8 internals and step-by-step guidance in modern exploit techniques.

Participants will analyze the engine’s memory structure, utilize debuggers such as GDB and d8, and develop hands-on proficiency in vulnerability analysis (e.g., out-of-bounds, Type Confusion), arbitrary memory access, and sandbox escape techniques. The full exploit chain—from bug identification to shellcode execution—will be covered in depth. In addition, recent updates to the V8 sandbox architecture and modern bypass strategies will be explored using pre-configured remote lab environments. All attendees will gain access to a dedicated training setup equipped with exploit templates, sample vulnerable code, and custom debugging tools.

By the end of the course, participants will walk away with a practical understanding of JavaScript engine security, hands-on experience in Chrome bug hunting, and skills applicable to CTF-style challenges and real-world exploit research.

About EQST

EQST is SK Shieldus’s elite white-hat hacker team and the largest offensive security group in South Korea. The team specializes in red teaming, exploit development, and advanced cybersecurity education through its proprietary platform, EQST LMS.

EQST’s research and innovation have been showcased globally: the team presented Chrome V8 exploitation techniques at Hack.lu, successfully hacked a BMW infotainment system at Pwn2Own Automotive 2025, and introduced AI-powered red teaming and LLM security evaluations at Black Hat Asia 2025.

About SK Shieldus

SK Shieldus is South Korea’s leading cybersecurity firm, providing advanced protection across physical, cyber, and converged security domains. With cutting-edge AI-based monitoring systems and world-class cybersecurity talent, SK Shieldus safeguards enterprises, government agencies, and individuals from evolving threats across all areas of security.

Training Registration Details

Title: Kickoff to V8 Exploit: Every Step of the Way
Dates: August 4–5, 2025
Location: Mandalay Bay, Las Vegas (as part of Black Hat USA 2025 Training – August 2–5)
Duration: 2 days
Level: Beginner to Intermediate
Seats: Limited — early registration is strongly recommended
Register and view session details: https://www.blackhat.com/us-25/training/schedule/#kickoff-to-v8-exploit-every-step-of-the-way-44362

Contact

LinkedIn: https://www.linkedin.com/company/skshieldus/

X (formerly Twitter): https://x.com/eqstlab

Website: https://www.skshieldus.com/eng/index.do

tlf9255@medicompr.co.kr

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SOURCE SK Shieldus

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Kaseya announces latest innovations at Connect 2025

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New capabilities and commercial policies launched to help drive efficiency and streamline IT operations

LAS VEGAS, April 29, 2025 /PRNewswire/ — Kaseya, the leading global provider of AI-powered cybersecurity and IT management software, began its Kaseya Connect 2025 conference in Las Vegas by celebrating its global customer community and unveiling a new set of technology and commercial innovations. Thousands of attendees are connecting and sharing best practices to grow faster, improve service quality, and operate more efficiently – all powered by the company’s flagship AI-powered platform, Kaseya 365.

With 81% of small businesses worried about IT security and efficiency, they are requiring enterprise-grade security with AI-driven automation to protect more users and devices. Backed by data from nearly 50,000 customers and millions of endpoints, the latest Kaseya 365 platform enhancements give IT professionals the tools and pricing they need to stay ahead in a rapidly evolving threat landscape.

Highlights from Kaseya’s innovation announcements:

Kaseya 365 Ops – The newest edition to the Kaseya 365 platform applies practical AI to help customers scale efficiently, improve operations, and achieve top tier service delivery and performance metrics. Early Kaseya 365 Ops customers save an average of 160 hours per month thanks to the platform’s AI capabilities and automation, which equates to the productivity of one additional technician.Kaseya SIEM (Security Information and Event Management) – The new Kaseya SIEM provides a streamlined, unified response system for customers with SaaS Alerts and MDR protection and without the expense of enterprise-grade alternatives. Kaseya SIEM correlates threat data from RocketCyber and SaaS Alerts, combining endpoint and cloud telemetry to deliver unified, faster, and more actionable threat detection.Free-to-Use Hardware – All models of Datto’s backup hardware will be free-to-use for all Kaseya customers, with a limit of three (3) devices per customer. This allows Kaseya backup customers to provide a consistent level of service while minimizing upfront costs.Datto ALTO 5 – The return of a 2TB ALTO model to the Datto lineup is being offered at the same monthly cost as the current 1TB model and now includes encryption to bolster security.

“As we move forward, innovation is at the heart of everything we do at. What we’re unveiling at Connect 2025 delivers on that vision,” says Jim Lippie, Chief Product Officer at Kaseya. “These innovations allow our customers to improve their businesses and fight against growing cyberthreats.”

Additional Information:

Read the press release, “Kaseya Unveils Spring 2025 Innovations, Showcasing AI-Driven Innovations Across IT Management and Cybersecurity.“Read the press release, “Kaseya Continues Strong Momentum in Q1 with New Product Innovations and Major Award Wins.”Read the press release, “The 2024 Kaseya Security Survey Finds Human Error is Cybersecurity’s Weakest Link.

About Kaseya

Kaseya is the leading global provider of AI-powered cybersecurity and IT management software. Through its customer-centric approach and renowned support, Kaseya delivers best-in-breed technologies that empower organizations to seamlessly manage IT infrastructure, secure networks, backup critical data, manage service operations and grow their businesses. Kaseya offers a broad array of IT management solutions from industry-leading providers: audIT, ConnectBooster, Datto, Graphus, ID Agent, IT Glue, Kaseya, RapidFire Tools, RocketCyber, SaaS Alerts, Secure Payments, Spanning Cloud Apps, TruMethods, Unitrends and Vonahi. These innovative solutions fuel Kaseya’s IT Complete platform, which addresses the challenges of multifunctional IT professionals. IT Complete empowers them to centrally command hardware, software, security, data, compliance, operations and more from within a comprehensive, integrated, intelligent (AI utilization-optimized), and affordable platform. Headquartered in Miami, Florida, Kaseya is privately held with a global presence in more than a dozen countries. To learn more, visit https://www.kaseya.com/.

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SOURCE Kaseya

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