Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 80

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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ains    Fair Value    Cash and Cash Equivalent    Marketable Securities  
 Assets                     
 Level 1                     
 Money market funds  $6,965  $—  $6,965  $6,965  $— 
 Level 2                     
 Corporate bonds   9,660   4   9,664   —   9,664 
 Commercial paper   945   —   945   —   945 
 U.S. Government securities   1,402   1   1,403   —   1,403 
 Total financial assets  $18,972  $5  $18,977  $6,965  $12,012 
 Liabilities                     
 Level 2                     
 Private placement warrant liability  $—  $—  $—  $—  $— 
 Level 3                     
 Derivative warrant liability   —   —   26   —   — 
 Total financial liabilities  $—  $—  $26  $—  $— 

   The Company’s financial assets and liabilities subject to fair value procedures were comprised of the following:
    
   Money Market Funds: The Company holds financial assets consisting of money market funds. These securities are valued using observable inputs, such as quoted prices in active markets for identical assets or liabilities.

       12

   Marketable Securities: The Company holds financial assets consisting of fixed-income U.S. government agency securities, corporate bonds, commercial paper, and asset-backed securities. The securities are valued using prices from independent pricing services based on quoted prices of identical instruments in less active or inactive markets. Additionally, quoted prices of similar instruments in active market or industry models using data inputs such as interest rates and prices that can be directly observed or corroborated in active markets are used to value marketable securities.
    
   2025 Convertible Note: In  January 2025, the Company entered into a convertible note agreement with a face value of $3,240 (the "2025 Note"). The Company elected the fair value option to account for the 2025 Note. The fair value estimate of the 2025 Note is based on a binomial-lattice model, which represents Level 3 measurements. Significant assumptions include