Company: LIDRW
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0000947871-25-000783
Chunk: 19

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 19
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 transactions
that would result in the issuance or transfer by the corporation of any of its stock to the interested stockholder; certain transactions
that would increase the interested stockholder’s proportionate share ownership of the stock of any class or series of the corporation
or such subsidiary; and any receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other
financial benefits provided by or through the corporation or any such subsidiary.

Except as specified in Section 203, an interested
stockholder is generally defined to include any person who, together with any affiliates or associates of that person, beneficially owns,
directly or indirectly, 15% or more of the outstanding voting stock of the corporation, or is an affiliate or associate of the corporation
and was the owner of 15% or more of the outstanding voting stock of the corporation, any time within three years immediately prior to
the relevant date. Under certain circumstances, Section 203 makes it more difficult for an interested stockholder to effect various business
combinations with a corporation for a three-year period, although the stockholders may elect not to be governed by this section, by adopting
an amendment to the Amended Charter or the Bylaws, effective 12 months after adoption. Our Amended Charter and Bylaws do not opt out from
the restrictions imposed under Section 203. We anticipate that the provisions of Section 203 may encourage companies interested in acquiring
us to negotiate in advance with the board of directors because the stockholder approval requirement would be avoided if a majority of
the directors then in office excluding an interested stockholder approve either the business combination or the transaction that resulted
in the stockholder becoming an interested stockholder. These provisions may have the effect of deterring hostile takeovers or delaying
changes in control, which could depress the market price of our Common Stock and deprive stockholders of opportunities to realize a premium
on shares of Common Stock held by them.

Amended Charter and Bylaw Provisions

In addition to the board of directors’ ability
to issue shares of preferred stock, our Amended Charter and Amended Bylaws contain the following provisions that may have the effect of
discouraging unsolicited acquisition proposals:

| · | Our Amended Charter and Amended Bylaws classify the board of directors into            
 three classes with staggered three-year terms (except for certain initial year terms); |

| · | Under our Amended Charter and Amended Bylaws, our Board may enlarge the 
 size of