Technology

AudioEye Reports Record Second Quarter 2026 Results

Published

3 months ago

August 13, 2026

Forty-Second Consecutive Period of Record Revenue

TUCSON, Ariz., Aug. 13, 2026 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), an industry-leading digital accessibility company, reported financial results for the second quarter ended June 30, 2026.

“This was an outstanding quarter with our forty-second quarter of sequential revenue growth and low double-digit year-over-year ARR growth. Adjusted EBITDA and free cash flow have reached a pivotal point, and GAAP net loss improved sequentially from the first quarter. We are raising our full year adjusted EBITDA guidance and expect to achieve over $15 million of annualized run rate adjusted EBITDA by the end of the year, with meaningful free cash flow generation in the second half of 2026. As our free cash flow continues to scale, we are evaluating options to deploy excess cash, including potential share buybacks and dividends,” said Kelly Georgevich, Chief Executive Officer of AudioEye.

Second Quarter 2026 Financial Results

Annual Recurring Revenue (“ARR”) as of June 30, 2026, increased sequentially to $42.3M from $41.2M as of March 31, 2026, and increased 11% compared to June 30, 2025.Total revenue increased 9% to a record $10.7M from $9.9M in the same prior year period.Gross profit increased to $8.4M (79% of total revenue) from $7.6M (77% of total revenue) in the same prior year period. The increase in gross profit was driven by continued revenue growth.Adjusted gross margin, which is defined as gross margin adjusted for non-cash items such as stock-based compensation and depreciation and amortization expenses in cost of revenue, was 84% in the second quarter of 2026 compared to 83% in the same prior year period.Operating expenses were $9.0M, an increase of 23% from the comparable prior year period. The increase was primarily due to the prior year quarter including a one-time gain on revaluation of contingent consideration of $1.4M, which did not recur in the current quarter, as well as increased general and administrative expenses in the current quarter, primarily driven by higher litigation expenses.Net loss was $0.9M, or $(0.07) per share, compared to a net loss of $0.0M, or $(0.00) per share, in the same prior year period. The prior year comparable period included a $1.4M one-time gain on revaluation of contingent consideration. Removing this impact, net loss improved due primarily to higher gross profit.Adjusted EBITDA in Q2 2026 was a record $3.0M, and adjusted EPS was $0.23 per share, compared to adjusted EBITDA of $1.9M and adjusted EPS of $0.15 per share in the same prior year period. For Q2 2026, the adjusted EBITDA and adjusted EPS results reflect adjustments primarily for stock-based compensation expense, litigation expense, depreciation and amortization, severance expense, and interest expense.At June 30, 2026, the Company had $8.7M in cash and cash equivalents, an increase of $0.1M from March 31, 2026.

Other Updates

AudioEye released the 2026 Digital Accessibility Index on June 25, 2026, scanning over 165,000 pages across 6,100 domains in the U.S. and Europe. The findings revealed a consistent gap between where accessibility programs focus and where risk is the highest, as AI search increasingly routes users past the homepage to less compliant interior pages. The scans also revealed that European sites averaged 25% more accessibility issues per page than U.S. sites.AudioEye appointed Matthew Domeyer as Chief Financial Officer, effective in July 2026. Matt brings finance leadership experience from Flexsteel Industries and PricewaterhouseCoopers, and succeeds Kelly Georgevich, who transitioned from CFO to CEO in May 2026.As of June 30, 2026, AudioEye had approximately 129,000 customers, an increase of 9,000 year-over-year from June 30, 2025, driven by increases in the Partner and Marketplace channel.

Financial Outlook
AudioEye expects revenue of between $10.85M and $11.05M for the third quarter of 2026 and between $43.5M and $44.0M for the full year 2026. The Company expects adjusted EBITDA of between $3.4M and $3.6M for the third quarter of 2026 and at least $12.7M of adjusted EBITDA, or 40% year-over-year growth, for the full year 2026. The Company expects adjusted EPS of between $0.26 and $0.28 per share for the third quarter of 2026 and at least $0.98 per share for the full year 2026.

Conference Call Information
AudioEye management will hold a conference call today, August 13, 2026, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results, followed by a question-and-answer period.

Date: Thursday, August 13, 2026
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
U.S. dial-in number: 877-407-8289
International number: 201-689-8341
Webcast: Q226 Webcast Link

Please call the conference telephone number 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

The conference call will also be webcast live and available for replay via the investor relations section of the Company’s website. The audio recording will remain available via the investor relations section of the Company’s website for 90 days.

A telephonic replay of the conference call will also be available after 7:30 p.m. Eastern Time on the same day through August 27, 2026 via the following numbers:

Toll-free replay number: 877-660-6853
International replay number: 201-612-7415
Replay passcode: 13761919

Due to rounding, numbers presented throughout this document may not add precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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 129,000 customers such as Samsung, Lands’ End, and Samsonite – meet and exceed compliance standards. With 25 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.

Forward-Looking Statements
All 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, anticipated contributions from new sales channels, long-term growth prospects, opportunities in the digital accessibility industry, our revenue, adjusted EBITDA, adjusted EPS and ARR guidance, and our expectation of investments in marketing and sales. 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.

About Key Operating Metrics
We consider annual recurring revenue (“ARR”) as a key operating metric and a key indicator of our overall business. We also use ARR as one of the primary methods for planning and forecasting overall expectations and for evaluating, on at least a quarterly and annual basis, actual results against such expectations.

We manage customers through two primary channels, Enterprise and Partner and Marketplace. Enterprise channel consists of our larger customers and organizations, including those with non-platform custom websites, who generally engage directly with AudioEye sales personnel for custom pricing and solutions. This channel also includes federal, state and local government agencies. The Partner and Marketplace channel consists of our CMS partners, platform & agency partners, authorized resellers and our marketplace. This channel serves small and medium sized businesses who are on a partner or reseller’s web-hosting platform or who purchase an AudioEye solution from our marketplace.

We define ARR as the sum of (i) for our Enterprise channel, the total of the annualized recurring fee at the date of determination under each active contract, plus (ii) for our Partner and Marketplace channel, the annual or monthly recurring fee for all active customers at the date of determination, in each case, assuming no changes to the subscription, multiplied by 12 if applicable. Recurring fees are defined as revenues expected to be generated from services typically offered as a subscription service or annual service offering such as our automation and platform, periodic auditing, human-assisted technological fixes, legal support and professional service offerings and other services that reoccur on a multi-year contract. This determination includes both annual and monthly contracts for recurring products. Some of our contracts are terminable prior to the expected term, which may impact future ARR. ARR excludes non-recurring fees, which are defined as revenue expected to be generated from services typically not offered as a subscription service or annual service offering such as our PDF remediation services business, one-time mobile application reports, and other miscellaneous services that are offered as non-subscription services or are expected to be one-time in nature.

Use of Non-GAAP Financial Measures
From time to time, we review adjusted financial measures that assist us in comparing our operating performance consistently over time, as such measures remove the impact of certain items, as applicable, such as our capital structure (primarily interest charges), certain non-cash items, including stock compensation and depreciation and amortization expense, and other expenses that do not relate to our core operations, including significant transaction and litigation-related expenses and other costs that are expected to be non-recurring. In order to provide investors with greater insight and allow for a more comprehensive understanding of the information used in our financial and operational decision-making, the Company has supplemented the consolidated financial statements presented on a GAAP basis in this press release with the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share (adjusted EPS) and Adjusted gross margin.

These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of Company results as reported under GAAP. The Company compensates for such limitations by relying primarily on our GAAP results and using non-GAAP financial measures only as supplemental data. We also provide a reconciliation of non-GAAP to GAAP measures used. Investors are encouraged to carefully review this reconciliation. In addition, because these non-GAAP measures are not measures of financial performance under GAAP and are susceptible to varying calculations, these measures, as defined by us, may differ from and may not be comparable to similarly titled measures used by other companies.

Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings (Loss) per Diluted Share
We define: (i) Adjusted EBITDA as net income (loss), plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing; (ii) Adjusted EBITDA margin as Adjusted EBITDA as a percentage of GAAP revenue; and (iii) Adjusted earnings (loss) per diluted share (EPS) as net income (loss) per diluted common share, plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing, each on a per share basis. Adjusted earnings per diluted share includes incremental shares in the share count that are considered anti-dilutive in a GAAP net loss position.

Adjusted Gross Margin
We define Adjusted gross margin as gross profit, plus stock-based compensation expense and depreciation and amortization expense allocated to cost of revenue, expressed as a percentage of total revenue.

Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin are used to facilitate a comparison of our operating performance on a consistent basis from period to period and provide for a more complete understanding of factors and trends affecting our business than GAAP measures alone. All of the items adjusted in these calculations are either recurring non-cash items or items that management does not consider in assessing our ongoing operating performance. In the case of the non-cash items, such as stock-based compensation expense and valuation adjustments to assets and liabilities, management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are expected to be less susceptible to variances in actual performance resulting from expenses that do not relate to our core operations and are more reflective of other factors that affect operating performance. In the case of items that do not relate to our core operations, management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.

Adjusted EBITDA is not a measure of liquidity under GAAP, or otherwise, and is not an alternative to cash flow from continuing operating activities, despite the advantages regarding the use and analysis of these measures as mentioned above. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin, as disclosed in this press release, have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP; nor are these measures intended to be measures of liquidity or free cash flow.

To properly and prudently evaluate our business, we encourage readers to review the consolidated GAAP financial statements included in this press release and not rely on any single financial measure to evaluate our business. Reconciliations of Adjusted EBITDA to net loss, the most directly comparable GAAP-based measure, Adjusted earnings (loss) per diluted share to net loss per diluted share, the most directly comparable GAAP-based measure, and Adjusted gross margin to gross margin, the most directly comparable GAAP-based measure are provided in tables later in this press release. We strongly urge readers to review these reconciliations, along with the financial statements included in this press release.

Forward-Looking Non-GAAP Financial Measures
This press release and statements made in our conference call today also include the forward-looking non-GAAP financial measures of adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow guidance for the third quarter and full year 2026 as well as adjusted EBITDA run-rate expectations. We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. We have not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures.

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

AUDIOEYE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

Three months ended June 30,

Six months ended June 30,

(in thousands, except per share data)

2026

2025

2026

2025

Revenue

10,716

9,857

21,269

19,590

Cost of revenue

2,267

2,238

4,568

4,233

Gross profit

8,449

7,619

16,701

15,357

Operating expenses:

Selling and marketing

3,650

3,806

7,502

7,520

Research and development

849

1,200

1,959

2,353

General and administrative

4,548

3,731

9,721

7,492

Change in fair value of contingent consideration

—

(1,360)

—

(1,310)

Total operating expenses

9,047

7,377

19,182

16,055

Operating (loss) income

(598)

242

(2,481)

(698)

Other expense:

Interest expense, net

(267)

(244)

(498)

(473)

Loss on extinguishment of debt

—

(300)

Total other expense

(267)

(244)

(498)

(773)

Net loss

(865)

(2)

(2,979)

(1,471)

Net loss per common share-basic and diluted

(0.07)

(0.00)

(0.24)

(0.12)

Weighted average common shares outstanding-basic and diluted

12,489

12,446

12,475

12,418

AUDIOEYE, INC.

CONSOLIDATED BALANCE SHEETS

(unaudited)

June 30,

December 31,

(in thousands, except per share data)

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

8,717

5,288

Accounts receivable, net

6,718

6,557

Prepaid expenses and other current assets

870

777

Total current assets

16,305

12,622

Property and equipment, net

110

146

Right of use assets

310

168

Intangible assets, net

11,437

12,515

Goodwill

6,682

Other

Total assets

34,881

32,230

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued expenses

4,972

4,851

Operating lease liabilities

218

Deferred revenue

9,337

8,619

Contingent consideration

116

225

Term loan, current

850

503

Total current liabilities

15,331

14,416

Long term liabilities:

Term loan, net

15,568

12,479

Operating lease liabilities

264

—

Deferred revenue

Contingent consideration, long term

300

Other

138

226

Total liabilities

31,658

27,426

Stockholders’ equity:

Preferred stock, $0.00001 par value, 10,000 shares authorized

Common stock, $0.00001 par value, 50,000 shares authorized, 12,561 and 12,383 shares
issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

Additional paid-in capital

110,074

108,201

Accumulated deficit

(106,852)

(103,398)

Total stockholders’ equity

3,223

4,804

Total liabilities and stockholders’ equity

34,881

32,230

AUDIOEYE, INC.

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES

(unaudited)

Three months ended June 30,

Six months ended June 30,

(in thousands, except per share data)

2026

2025

2026

2025

Adjusted EBITDA Reconciliation

Net loss (GAAP)

(865)

(2)

(2,979)

(1,471)

Change in fair value of contingent consideration

—

(1,360)

—

(1,310)

Interest expense, net

267

244

498

473

Stock-based compensation expense

1,141

1,505

2,487

2,412

Acquisition expense (1)

102

Litigation expense (2)

1,074

607

2,906

1,329

Severance expense (3)

344

—

344

304

Lost deposit on alternative financing

—

Depreciation and amortization

963

888

1,974

1,663

Loss on disposal or impairment of long-lived assets

Loss on extinguishment of debt

—

300

Adjusted EBITDA

2,979

1,931

5,337

3,839

GAAP Net loss as a percent of revenue

(8)

(0)

(14)

(8)

Adjusted EBITDA margin (4)

Adjusted Earnings per Diluted Share Reconciliation

Net loss per common share (GAAP) — diluted

(0.07)

(0.00)

(0.24)

(0.12)

Change in fair value of contingent consideration

—

(0.11)

—

(0.10)

Interest expense, net

0.02

0.04

Stock-based compensation expense

0.09

0.12

0.19

Acquisition expense (1)

—

0.01

—

Litigation expense (2)

0.08

0.05

0.23

0.11

Severance expense (3)

0.03

—

0.03

0.02

Lost deposit on alternative financing

—

Depreciation and amortization

0.08

0.07

0.15

0.13

Loss on disposal or impairment of long-lived assets

—

Loss on extinguishment of debt

—

0.02

Adjusted earnings per diluted share (5)

0.23

0.15

0.42

0.30

Diluted weighted average shares (GAAP)

12,489

12,446

12,475

12,418

Includable incremental shares (Non-GAAP) (5)

337

214

329

202

Adjusted diluted shares (Non-GAAP)

12,826

12,660

12,804

12,620

(1)

Represents professional fees incurred in connection with acquisitions and dissolutions.

(2)

Represents legal expenses related primarily to non-recurring litigation.

(3)

Represents severance expense for an employee from a previously acquired business and for employees impacted by a reduction in force in 2026.

(4)

Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of GAAP revenue.

(5)

Adjusted earnings per adjusted diluted share for our common stock is computed using the treasury stock method.

AUDIOEYE, INC.

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES

(unaudited)

Three months ended June 30,

Six months ended June 30,

(in thousands)

2026

2025

2026

2025

Adjusted Gross Margin Reconciliation

Revenue

10,716

9,857

21,269

19,590

Less: Cost of revenue

2,267

2,238

4,568

4,233

Gross profit (GAAP)

8,449

7,619

16,701

15,357

Gross margin (GAAP)

Add expenses included in cost of revenue:

Depreciation and amortization

484

479

992

939

Stock-based compensation

146

136

Adjusted gross profit (non-GAAP)

8,989

8,156

17,839

16,432

Adjusted gross margin (non-GAAP)

View original content to download multimedia:https://www.prnewswire.com/news-releases/audioeye-reports-record-second-quarter-2026-results-302851274.html

SOURCE AudioEye, Inc.

Technology

Creality Debuts mBox, A Kid-Operated AI 3D Printer, at $329

Published

21 minutes ago

November 10, 2026

HOUSTON, Nov. 9, 2026 /PRNewswire/ — Creality, a global leader in the 3D printing industry, today introduces mBox, an AI 3D printer designed specifically for kids. Featuring a 153 × 153 × 153 mm build volume, the kid-operated printer brings together kid-safe designs, simple printing operations, and accessible creative tools to help young makers turn their ideas into physical creations. Priced at $329, mBox is now available exclusively on TikTok Shop in the U.S. from November 9 to December 10.

Who is mBox Built for

mBox is built for families with children aged 6–16 who enjoy drawing, block building, model making, DIY projects or exploring technologies. It is particularly designed for young creators who want to go beyond just buying ready-made toys and instead turn their own imagination into tangible and personalized creations, whether through independent projects at home or hands-on activities in the company of parents. mBox is also ideal for STEAM learning spaces where educators seek to integrate safe and simple 3D printers into everyday classroom subjects, like science experiments, engineering design, and creative arts.

Designed with Child Safety in Mind

Developed specially for kids, mBox prioritizes safety in its product engineering. Its fully enclosed chamber keeps the nozzle and moving components behind an enclosure while children watch their creations take shape. During printing, the unheated build plate eliminates the need to handle a heated bed when removing finished prints, while activated carbon filtration helps filter impurities from the chamber air.

Notably, a configurable door-open alert offers three response options: no action, alert only, or alert and pause. When the alert-and-pause is set and triggered, printing stops and parents receive an app notification.

Together, these thoughtful design features help create a safe and friendly space for printing and creating, ensuring parents feel more at ease as children build 3D models on their own.

Easy to Use, Easy to Create

mBox focuses on simplified operations to make 3D printing easier for kids to get started with.

With the 3.97-inch full-color touchscreen, kids can pick a model and start printing in just a few clicks without connecting to a phone. Before printing, auto leveling simplifies print preparation and helps improve first-layer adhesion, reducing the need for parents’ manual adjustments. During printing, the CoreXY motion system with vibration compensation supports stable printing and cleaner surface details, while AI detection uses the built-in camera to identify issues like warping, foreign objects, and spaghetti failures, and then alerts are sent to parents through the app.

In addition, there is RGB status lighting to show print progress and a low-noise mode which keeps operating noise at or under 46 dB.

A Magic Box That Sparks Creativity

Beyond the printer itself, mBox bridges kids with dedicated software, Creality Park App and Creality Park Studio. The Creality Park App is a 3D playground showcasing curated models and STEAM courses in a fun way and offering pick & print experience for younger users. For those ready to take their ideas further, the Creality Park Studio, a PC-based platform, offers approachable 3D modeling tools to help design original creations.

The ecosystem also incorporates AI tools CubeMe and SnapForm, enabling kids to turn photos into personalized, printable figurines, keychains, and accessories.

From a simple idea to a piece of creation, mBox aims to spark imagination and encourage hands-on making, helping young creators turn inspiration into something they can hold in hands.

Availability & Pricing

mBox is now available exclusively on the U.S. TikTok Shop at the price of $329 from November 9 to December 10.

View original content to download multimedia:https://www.prnewswire.com/news-releases/creality-debuts-mbox-a-kid-operated-ai-3d-printer-at-329-302934077.html

SOURCE Creality

Technology

Cloud Software Group Announces Final Results of Offer to Purchase for Cash up to $2.0 Billion Aggregate Principal Amount of its 9.00% Senior Secured Second Lien Notes due 2029

Published

21 minutes ago

November 10, 2026

FORT LAUDERDALE, Fla., Nov. 9, 2026 /PRNewswire/ — Cloud Software Group Holdings, Inc. (“Cloud Software Group” or the “Company”) today announced the expiration and final results of its previously announced cash tender offer (the “Offer”) to purchase its 9.00% Senior Secured Second Lien Notes due 2029 (the “Notes”) for the Consideration (as defined below), subject to a $2,000,000,000 cap on the aggregate principal amount of Notes purchased in the Offer (the “Tender Cap”), subject to proration and the terms and conditions set forth in the Offer to Purchase dated November 2, 2026 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The Offer expired at 5:00 p.m., New York City time, on November 9, 2026 (such time and date, the “Expiration Date”). Withdrawal rights for the Offer expired at the Expiration Date, and accordingly, Notes validly tendered in the Offer may no longer be withdrawn except where additional withdrawal rights are required by law.

At the Expiration Date, according to information provided by Global Bondholder Services Corporation, the tender and information agent for the Offer (the “Tender and Information Agent”), the aggregate principal amount of Notes validly tendered and not validly withdrawn pursuant to the Offer and the aggregate principal amount of Notes accepted for purchase, are set forth in the table below.

Notes

CUSIP No. /
ISIN(1)

Aggregate
Principal
Amount
Outstanding
Prior to the
Offer

Consideration(2)

Aggregate
Principal
Amount
Tendered

Aggregate
Principal
Amount
Accepted(3)

Proration
Factor(3)

9.00% Senior
Secured
Second Lien
Notes due 2029

144A: 18912U AA0 /
US18912UAA07

Reg S: U18898 AA1 /
USU18898AA16

IAI: 18912U AB8 /
US18912UAB89

$3,733,172,000

$1,022.50

$2,710,839,000

$2,000,011,000

73.8 %

____________________

(1)

No representation is made as to the correctness or accuracy of the CUSIP numbers or ISINs listed herein or printed on the Notes. Such information is provided solely for the convenience of the Holders.

(2)

The consideration (the “Consideration”) represents the amount payable per $1,000 principal amount of Notes validly tendered and accepted for purchase by the Company. The Consideration excludes accrued and unpaid interest (“Accrued Interest”) on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, November 16, 2026 (the “Settlement Date”), which will be paid in addition to the Consideration. Accrued Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by The Depository Trust Company or its participants.

(3)

Notes validly tendered are subject to proration so that the Company accepts for purchase Notes in an aggregate principal amount up to the Tender Cap. The proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. The Company will multiply the principal amount of each valid tender of Notes by the proration factor and round the resulting amount down to the nearest $1,000 principal amount in order to determine the principal amount of such tender that will be accepted pursuant to the Offer. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders.

All General Conditions to the Offer were satisfied or waived on or prior to the Expiration Date. The Offer remains subject to the Financing Condition. The Company will not be required to accept for purchase any tendered Notes, or pay the Consideration, if the Financing Condition has not been satisfied or waived on or prior to the Settlement Date.

Citigroup Global Markets Inc. served as dealer manager (the “Dealer Manager”) for the Offer. Global Bondholder Services Corporation served as the Tender and Information Agent for the Offer. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect) and ask for Steve Cheeseman, Kevin Mills, or Joyce Lam. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Manager at its telephone number. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/cloud. You may also contact your custodian bank, broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offer was made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase.

Forward-Looking Statements

This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of the “safe harbor provisions” of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include all matters that are not historical facts, including statements relating to our intentions, beliefs, or current expectations concerning, among other things, the completion of the Offer. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” or “should” or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements are based on available current market material and management’s expectations, beliefs, and forecasts concerning future events impacting us. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements contained in this release because of a variety of factors, including, but not limited to, general market conditions that might affect the Offer and the New Notes Offering and the other factors described in the Offer to Purchase. There can be no assurance that future developments affecting us will be those that we have anticipated. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

About Cloud Software Group
Cloud Software Group delivers trusted, mission-critical software, helping its customers evolve, compete, and succeed across cloud, multi-cloud, hybrid, on-premises, and edge deployments. Its portfolio includes Citrix, TIBCO, Spotfire, ibi, DataSynapse, ON EBX, Arctera, Enterprise Vault, and InfoScale, offering solutions that include secure application delivery, automation, collaboration, data management, and advanced analytics.

Media Contact:
Haley Salas
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
media@cloud.com

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SOURCE Cloud Software Group Holdings, Inc.

Technology

Panduit Introduces Net-Verse™ Cabinets for Modern Data Center Environments

Published

21 minutes ago

November 10, 2026

Next-generation cabinet platform combines improved airflow, reinforced strength, flexible configurations, and service-friendly access

SINGAPORE, Nov. 10, 2026 /PRNewswire/ — As data centers accommodate higher equipment densities, they face growing demands to improve airflow, support heavier rack configurations, maximize available space, and simplify equipment installation and maintenance. Panduit, a leading global manufacturer of high-quality electrical and network infrastructure and connectivity solutions, introduces Net-Verse™ Cabinets, a next-generation cabinet platform designed to address these challenges with enhanced airflow, reinforced structural strength, improved equipment access, and flexible configurations for modern data center environments.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/panduit/9431151-en-panduit-introduces-net-verse-cabinets-for-modern-data-center-environments

Net-Verse Cabinets feature highly perforated front and rear doors with 78% airflow open area to support cooling in dense network, server, and AI environments. The cabinet door opens 180 degrees to provide greater access during equipment installation and maintenance, while fully adjustable equipment rails simplify placement across a range of equipment sizes and depths.

A reinforced steel frame supports load ratings of up to 2,000 kg (4,400 lbs.) static and 1,000 kg (2,200 lbs.) rolling, helping data centers accommodate the dense, fully loaded rack configurations associated with evolving infrastructure requirements. Additional airflow-management features include brush cable-entry points in the top cap and a standard bottom cover plate designed to help limit air leakage and debris entry.

“As AI and other high-density applications reshape data center requirements, customers need infrastructure that can adapt alongside them. Net-Verse Cabinets provide a flexible, service-friendly foundation designed to simplify deployment and support evolving infrastructure needs,” said May Odishoo, Product Manager Associate.

The cabinet portfolio is available in 600 mm and 800 mm widths, 1,000 mm and 1,200 mm depths, and 42, 45, and 48 rack-unit heights. Customers can select configurations with or without side panels in black or white. The 800 mm-wide cabinets include front cable-management fingers and front blanking panels, and all cabinets include full-height PDU brackets, adjustable equipment rails, casters, leveling legs, and an assembled, one-per-pallet shipping configuration.

Net-Verse Cabinets are designed for data center, enterprise, and co-location deployments and are compatible with Panduit cable-management accessories and the Net-Contain™ Universal Aisle Containment System. The cabinets comply with EIA-310-E, TIA/EIA-942, GB/T 19520.16-2015, DIN 41494 Part 1 and Part 7, and IEC 60297-3-100:2008.

For more information about Net-Verse Cabinets, visit Panduit.com/cabinets.

About Panduit

Panduit is a leading global manufacturer of high-quality electrical and network infrastructure and connectivity solutions. Operating from our headquarters in Tinley Park, Ill., USA, and across 112 worldwide locations, we drive innovation through strategic R&D investments and breakthrough product development while providing seamless global support and service. Since 1955, our commitment to our customers and partners has remained constant. And together, with them, we create exceptional solutions that support their businesses in a way that’s good for them and good for the world. Panduit is making the connections that matter. For more information, visit www.panduit.com.

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