Company: LIDRW
Filing Date: 2025-12-10
Form Type: 8-K
Source: 0000947871-25-001074
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Company: AEye, Inc.
Filing Date: 2025-12-10
Form: 8-K
Item: Item 1.02
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Item 1.02.      Termination of a Material Definitive Agreement.  

In support of its 2026 capital optimization objectives,
on December 10, 2025, AEye, Inc. (the “ Company”) provided the required five trading day written notice to New Circle Principal
Investments LLC (“ New Circle”) to effectuate the voluntary termination (the “ Termination”) of the Share Purchase
Agreement, dated July 25, 2024, by and between the Company and New Circle (the “ Share Purchase Agreement”), pursuant to which
New Circle had committed to purchase, subject to certain limitations, up to $50 million of the Company’s common stock. The Termination
is expected to become effective on December 17, 2025. At the time the Company delivered the notice to terminate, and at the time of termination,
there were no outstanding borrowings, advance notices or shares of common stock to be issued under the Share Purchase Agreement. In addition,
no termination fees or other payments were due by either party in connection with the termination of the Share Purchase Agreement.