Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 628

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 4
Chunk 628
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 Note bears interest at an annual rate equal to the Secured Overnight Financing Rate plus 1.0%, which is compounded quarterly in arrears, and has a maturity date of  June 4, 2029. At maturity, the principal balance and accrued, unpaid and uncapitalized interest can be settled in cash, shares of common stock based on the closing price of the common stock as of the immediately preceding trading day, or any combination of the foregoing at the option of the investor.

    11.  INTEREST EXPENSE AND OTHER 

   Interest expense and other for the years ended  December 31, 2024 and 2023 consisted of the following (in thousands):

       Year ended December 31,  
   2024    2023  
 Common stock purchase agreement costs  $1,124  $— 
 Amortization of premiums (accretion of discounts) on marketable securities, net   (694)  (474)
 Expected credit losses   35   35 
 Loss on disposal of assets   —   111 
 Other   (32)  80 
 Interest expense and other  $433  $(248)

       86

    12.  STOCKHOLDERS’ EQUITY 

   The Company is authorized to issue 600,000,000 shares of common stock, par value $0.0001 per share. As of  December 31, 2024, the Company had 13,734,160 shares of common stock issued and outstanding.
    
   Class A Common Stock — Class A common stock has the following rights:
    
   Voting rights: Each holder of Class A common stock will be entitled to one (1) vote in person or by proxy for each share of the Class A common stock held of record by such holder. The holders of shares of the Class A common stock will not have cumulative voting rights. Except as otherwise required in the Charter or by applicable law, the holders of the Class A common stock vote together as a single class on all matters on which stockholders are generally entitled to vote.
    
   Dividend rights: Subject to any other provisions of the Charter, each holder of Class A common stock will be entitled to receive, in proportion to the number of shares of the Class A common stock held, such dividends and other distributions in cash, stock or property of the Company when, as and if declared thereon by the Board from time