Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 13

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 13
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 outstanding securities held by non-affiliates,
or (d) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the previous three years.

| 5 |

We are also a “smaller reporting company”
as defined in the Securities and Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging
growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to
take advantage of these scaled disclosures for so long as the market value of our Common Stock held by non-affiliates is less than $250.0
million measured on the last business day of our second fiscal quarter, or our annual revenue is less than $100.0 million during the most
recently completed fiscal year and the market value of our Common Stock held by non-affiliates is less than $700.0 million measured on
the last business day of our second fiscal quarter.

As a result, the information in this prospectus ,
any accompanying prospectus supplement or the documents incorporated by reference herein that we provide to our investors in the
future may be different than what you might receive from other public reporting companies.

| 6 |

<div align='center'>THE OFFERING</div>

| Shares of Common Stock offered by the Selling Stockholder |     | 225,563 Commitment Shares issued to New Circle upon execution of the                                                                     
 Purchase Agreement. We did not receive any cash proceeds from the issuance of the Commitment Shares.                                     
 Up to 25,000,000 shares (the “Purchase Shares”) we                                                                                       
 may sell to New Circle under the Purchase Agreement from time to time after the Commencement Date (as defined below), of which 3,255,150 
 Purchase Shares have been sold to New Circle .                                                                                           |
| Shares of Common Stock outstanding prior to this offering |     | 19,608,520 shares (as of May 8, 2025) .                                                                                                  |
| Shares of Common Stock outstanding after this offering    |     | 41,127,807 shares, assuming the sale of a total of 25,000,000                                                                            
 Purchase Shares and including the 225,563 Commitment Shares previously issued to New Circle. The actual number of Purchase Shares        
 issued will vary depending upon the actual sales prices to New Circle pursuant to the Purchase Agreement.                                |
| Use of proceeds                                           |     | We will not receive any proceeds