Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 33

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 33
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 Capital Stock. The DGCL does not require
stockholder approval for any issuance of authorized shares. However, the listing requirements of NASDAQ, which would apply if and so long
as the Common Stock remains listed on NASDAQ, require stockholder approval of certain issuances equal to or exceeding 20% of the then
outstanding voting power or then outstanding number of shares of the Common Stock. Additional shares that may be issued in the future
may be used for a variety of corporate purposes, including future public offerings, to raise additional capital, or to facilitate acquisitions.

One of the effects of the existence of unissued and unreserved common stock
may be to enable our Board to issue shares to persons friendly to current management, which issuance could render more difficult or discourage
an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest, or otherwise and thereby protect the continuity
of management and possibly deprive stockholders of opportunities to sell their shares of the Common Stock at prices higher than prevailing
market prices.

Annual Stockholder Meetings.Our Amended Bylaws provide that annual
stockholder meetings will be held at a date, time, and place, if any, as exclusively selected by our Board. To the extent permitted under
applicable law, our Board may conduct meetings by remote communications. Our Amended Bylaws provide that stockholders seeking to bring
business before our annual meeting of stockholders, or to nominate candidates for election as directors at our annual meeting of stockholders,
must provide timely notice of their intent in writing. To be timely, a stockholder’s notice will need to be received by our Secretary
at our principal executive offices not later than the close of business on the 90th day nor earlier than the open of business on the 120th
day prior to the anniversary date of the immediately preceding our annual meeting of stockholders. Pursuant to Rule 14a-8 of the Exchange
Act, proposals seeking inclusion in our annual proxy statement must comply with the notice periods contained in the annual proxy statement.
Our Amended Charter specifies certain requirements as to the form and content of a stockholders’ meeting. These provisions may preclude
our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual
meeting of stockholders. Our Amended Bylaws also specify certain requirements as to the form and content of a stockholder’s notice
for an annual meeting. Specifically, a stockholder’s notice must include: (i