Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 18

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 18
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50.0 million of our Common Stock to New Circle, only 25,000,000 shares of our Common Stock
that we may elect to sell to New Circle under the Purchase Agreement are being registered. The purchase price per share for the shares
of our Common Stock that we may elect to sell to New Circle under the Purchase Agreement will fluctuate based on the market prices of
our Common Stock at that time. Accordingly, it is not currently possible to predict the number of shares that will be sold to New Circle,
the actual purchase price per share to be paid by New Circle for those shares, the actual gross proceeds to be raised in connection with
those sales, and whether or not we will need to register additional shares for resale by New Circle under the Purchase Agreement.

| 9 |

The extent to which we rely on New Circle as a source of funding will depend
on a number of factors, including the prevailing market price of our Common Stock and the extent to which we are able to secure working
capital from other sources. If obtaining sufficient funding from New Circle were to prove unavailable or prohibitively dilutive, we may
need to secure another source of funding in order to satisfy our working capital needs. Even if we were to sell to New Circle all of the
shares of our Common Stock available for sale to New Circle under the Purchase Agreement, we will still need additional capital to fully
implement our business plan. Should the financing we require to sustain our working capital needs be unavailable or prohibitively expensive
when we require it, the consequences would be a material adverse effect on our business, operating results, financial condition and prospects.

Future sales and issuances of our Common Stock or other securities might result in significant dilution and could cause the price of our Common Stock to decline.

To raise capital, we may sell our Common Stock, convertible securities
or other equity securities in one or more transactions other than those contemplated by the Purchase Agreement, at prices and in a manner
we determine from time to time. We may sell shares or other securities in any other offering at a price per share that is less than the
price per share paid by New Circle, and New Circle or investors purchasing shares or other securities in the future could have rights
superior to existing stockholders. The price per share at which we sell additional shares of our Common Stock, or securities convertible
or exchangeable into our Common Stock, in future transactions may be higher or lower than the price per share paid by New Circle. Any
sales of additional