Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 38

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 38
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 and reimbursed New Circle for the fees and
disbursements of its counsel incurred in connection with the Purchase Agreement in the amount of $25.

We also have agreed to indemnify New Circle and certain
other persons against certain liabilities in connection with the offering of shares of our Common Stock offered hereby, including liabilities
arising under the Securities Act or, if such indemnity is unavailable, to contribute amounts required to be paid in respect of such liabilities.
New Circle has agreed to indemnify us against liabilities under the Securities Act that may arise from certain written information furnished
to us by New Circle specifically for use in this prospectus or, if such indemnity is unavailable, to contribute amounts required to be
paid in respect of such liabilities. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our
directors, officers, and controlling persons, we have been advised that in the opinion of the SEC this indemnification is against public
policy as expressed in the Securities Act and is therefore, unenforceable.

We estimate that the total expenses for the offering
will be approximately $ 145,000.00 .

New Circle has agreed that during the term of the
Purchase Agreement, neither New Circle, nor any of its agents, representatives or affiliates will enter into or effect, directly or indirectly,
any short sale (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of our Common Stock or any hedging transaction,
which establishes a net short position with respect to our Common Stock; provided, however, that New Circle may sell a number of shares
of Common Stock equal to the number of shares that it is unconditionally obligated to purchase under a pending purchase notice,
but has not yet received from the Company. We have advised the Selling Stockholder that it is required to comply with Regulation M promulgated
under the Exchange Act. With certain exceptions, Regulation M precludes the Selling Stockholder, any affiliated purchasers, and any broker-dealer
or other person who participates in the distribution from bidding for or purchasing, or attempting to induce any person to bid for or
purchase any security which is the subject of the distribution until the entire distribution is complete. Regulation M also prohibits
any bids or purchases made in order to stabilize the price of a security in connection with the distribution of that security. All of
the foregoing may affect the marketability of the securities offered by this prospectus.

This offering will terminate on the date that all
shares of our Common Stock