Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 15

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 15
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 may be issued under the Purchase Agreement
may be sold by us to New Circle at our discretion from time to time over an approximately 36-month period commencing on August 15,
2024, subject to satisfaction of the conditions set forth in the Purchase Agreement and the Registration Rights Agreement .
We generally have the right to control the timing and amount of any sales of our shares of our Common Stock to New Circle under the Purchase
Agreement. Sales of our Common Stock to New Circle under the Purchase Agreement will depend upon market conditions and other factors
to be determined by us. We may ultimately decide to sell to New Circle all or a portion of the shares of our Common Stock that may be
available pursuant to the Purchase Agreement, or decide to not sell to New Circle any shares of our Common Stock that may be available
for us to sell to New Circle pursuant to the Purchase Agreement.

Because the purchase price per share to be paid by New Circle for the shares
of our Common Stock that we may elect to sell to New Circle under the Purchase Agreement will fluctuate based on the market prices of
our Common Stock at that time, it is not possible for us to predict, as of the date of this prospectus, the number of shares of our Common
Stock that we will sell to New Circle under the Purchase Agreement, the purchase price per share that New Circle will pay for shares purchased
from us under the Purchase Agreement, or the aggregate gross proceeds that we will receive from those purchases by New Circle under the
Purchase Agreement.

Although the Purchase Agreement provides that we may sell up to an aggregate
of $ 50.0 million of our Common Stock to New Circle, only 25,000,000 shares of our Common Stock are being registered for resale
by New Circle under the registration statement that includes this prospectus, consisting of the 225,563 Commitment Shares that we previously
issued to New Circle upon execution of the Purchase Agreement as consideration for its commitment to purchase our Common Stock under
the Purchase Agreement and up to 24,774,437 Purchase Shares that we may elect to sell to New Circle, in our sole discretion, from time
to time from and after the Commencement Date under the Purchase Agreement. As of the date hereof, 3,255,150 Purchase Shares have been
sold to New Circle.

If we elect to sell to New Circle all of the Purchase Shares being registered
for resale under this prospectus that are available for sale by us to New Circle in purchases under the