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

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 25
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 offered for resale under this
prospectus is dependent upon the number of shares we direct New Circle to purchase under the Purchase Agreement.

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<div align='center'>USE OF PROCEEDS</div>

This prospectus relates to shares of our Common Stock
that may be offered and sold from time to time by New Circle. All of the Common Stock offered by New Circle pursuant to this prospectus
will be sold by New Circle for its own account. We will not receive any of the proceeds from these sales. We may receive up to $ 50.0
million aggregate gross proceeds under the Purchase Agreement from any sales we make to New Circle pursuant to the Purchase Agreement.
The net proceeds to us from sales, if any, under the Purchase Agreement, will depend on the frequency and prices at which we sell
shares of our Common Stock to New Circle . See “Plan of Distribution” elsewhere in this prospectus for more information.

We expect to use any proceeds that we receive under
the Purchase Agreement for working capital and general corporate purposes to support our future growth, including further penetration
into the Chinese lidar market and further go-to-market enhancements of our Apollo product. As of the date of this prospectus, we cannot
specify with certainty all of the particular uses, and the respective amounts we may allocate to those uses, for any net proceeds we receive.
Accordingly, we will retain broad discretion over the use of these proceeds.

The Selling Stockholder will pay any underwriting
commissions and discounts, and expenses incurred by the Selling Stockholder for brokerage, marketing costs, or legal services (other than
those detailed below). We will bear the costs, fees and expenses incurred in effecting the registration of the securities covered by this
prospectus, including all registration and filing fees, securities or blue sky law compliance fees, Nasdaq listing fees and expenses of
our counsel and our independent registered public accounting firm.

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<div align='center'>SELLING STOCKHOLDER</div>

This prospectus relates to the possible resale from
time to time by New Circle of any or all of the shares of Common Stock that may be issued by us to New Circle under the Purchase Agreement.
For additional information regarding the issuance to New Circle of Common Stock covered by this prospectus, see the section entitled “The New Circle Transaction” above. We are registering the shares of Common Stock pursuant to the provisions of the Registration
Rights Agreement we entered into with New Circle on July 25, 2024