Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 13

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 13
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0 billion in non-convertible debt securities during the previous three years.

We are also a “smaller reporting company”
as defined in the Securities and Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging
growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to
take advantage of these scaled disclosures for so long as the market value of our Common Stock held by non-affiliates is less than $250.0
million measured on the last business day of our second fiscal quarter, or our annual revenue is less than $100.0 million during the most
recently completed fiscal year and the market value of our Common Stock held by non-affiliates is less than $700.0 million measured on
the last business day of our second fiscal quarter.

As a result, the information in this prospectus,
any accompanying prospectus supplement or the documents incorporated by reference herein that we provide to our investors in the future
may be different than what you might receive from other public reporting companies.

| 9 |

<div align='center'>THE OFFERING</div>

| Shares of Common Stock    
 offered by the Selling    
 Stockholder               | Up to 350,000 shares of the Common Stock (the “Warrant Shares”)                                                                                                                         
 issuable upon exercise of the Warrant.                                                                                                                                                  |
| Shares of Common Stock    
 outstanding prior to this 
 offering                  | 39,943,121 shares (as of August 7, 2025).                                                                                                                                               |
| Shares of Common Stock    
 outstanding after         
 this offering             | 40,293,121 shares, assuming the issuance of all Warrant Shares registered                                                                                                               
 for resale hereunder upon exercise of the Warrant.                                                                                                                                      |
| Use of proceeds           | We will not receive any proceeds from the resale of shares by the Selling                                                                                                               
 Stockholder. We may receive proceeds from the exercise of the Warrant, if any portion of the Warrant is exercised in cash. See “Use of Proceeds” on page 12 for additional information. |
| Risk factors              | You should carefully read the “Risk Factors” beginning                                                                                                                                  
 on page 11 and the other information included or incorporated by reference in this prospectus for a discussion of factors you should consider                                           
 carefully before deciding to invest in our Common Stock.                                                                                                                                |
| Nasdaq symbol for our     
 Common Stock              | “LIDR.”                                                                                                                                                                                 |

Throughout this