Company: LIDRW
Filing Date: 2025-01-03
Form Type: 424B3
Source: 0000947871-25-000006
Chunk: 5

Company: AEye, Inc.
Filing Date: 2025-01-03
Form: 424B3
Chunk 5
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, dated January 2, 2025, by and between the Company and the Purchaser (the “Registration Rights Agreement”).

The Note contains certain customary covenants,
events of default and triggering events, respectively, which would require repayment of the obligations outstanding pursuant to the Note.

The Purchase Agreement, Registration Rights
Agreement, Note and Warrant contain customary representations, warranties, conditions, and indemnification obligations of the parties.

The foregoing descriptions of the Purchase Agreement,
Registration Rights Agreement, Note and Warrant are qualified in their entirety by reference to the full text of such agreements, copies
of which are attached hereto as Exhibits 10.1, 10.2, 4.1 and 4.2, respectively, and each of which is incorporated herein in its entirety
by reference. The representations, warranties, and covenants contained in such agreements were made only for purposes of such agreements
and as of specific dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon
by the contracting parties.

This current report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any Note, Warrant or shares of Common Stock in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

| Item 3.02. | Unregistered Sales of Equity Securities. |

The information contained above in Item 1.01 is hereby
incorporated by reference into this Item 3.02.

The securities referred to in this Current Report on
Form 8-K are being issued and sold by the Company to the Purchaser in reliance upon the exemptions from the registration requirements
of the Securities Act afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.

| Item 9.01. | Financial Statement and Exhibits. |

(d) Exhibits.

Exhibit Number Description

| 4.1 | Form of Senior Unsecured Convertible Promissory Note to be issued by the Company pursuant to and in accordance with the Securities Purchase Agreement. |

| 4.2 | Form of Common Stock Purchase Warrant to be issued by the Company pursuant to and in accordance with the Securities Purchase Agreement. |

| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |

* Schedules, exhibits