Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 19

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 19
---
 restrictions of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference,
and the number of shares constituting any series or the designation of any series to the fullest extent permitted by the DGCL. The issuance
of preferred stock could have the effect of decreasing the trading price of the Common Stock, restricting dividends on our capital stock,
diluting the voting power of the Common Stock, impairing the liquidation rights of our capital stock, or delaying or preventing a change
in control of the Company. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will
not do so in the future.

| 14 |

Registration Rights

The Company is a party to the Dowslake Purchase Agreement
entered into in connection with a transaction pursuant to which the Company has issued to Dowslake shares of the Company’s Common
Stock and a senior unsecured convertible promissory note, convertible into shares of the Company’s Common Stock. The Dowslake Purchase
Agreement requires the Company to prepare and file a registration statement to cover the resale of the Company’s Common Stock purchased
by Dowslake or issuable upon conversion of the note.

The Company is also a party to the New Circle Registration
Rights Agreement entered in connection with a transaction pursuant to which New Circle has committed to purchase the Company’s Common
Stock. The New Circle Registration Rights Agreement requires the Company to prepare and file this registration statement to cover the
resale under the Securities Act of registrable securities held by New Circle.

The Company is also a party to the 2025 Registration
Rights Agreement entered into in connection with a transaction pursuant to which the Company has issued to an institutional investor a
senior unsecured convertible promissory note (the “2025 Note”), convertible into shares of the Company’s Common Stock,
and a warrant (the “2025 Warrant”), exercisable into shares of the Company’s Common Stock. The 2025 Registration Rights
Agreement requires the Company to prepare and file a registration statement to cover the resale of the Company’s Common Stock issuable
upon conversion of the 2025 Note or exercise of the 2025 Warrant.

The Company is also a party to the Warrants Agreement
with IGEP Park Place, LLC. Pursuant to the Warrant Agreement, the Company has issued to IGEP Park Place, LLC a warrant to purchase up
to 350,000 shares of the Company’s Common Stock at an