Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 16

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 16
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 Purchase Agreement, depending
on the market prices of our Common Stock during such purchase made pursuant to the Purchase Agreement, the actual gross proceeds from
the sale of all such shares may be substantially less than the $ 50.0 million (the “Total Commitment”) available to
us under the Purchase Agreement, which could materially adversely affect our liquidity.

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If it becomes necessary for us to issue and sell to New Circle under the
Purchase Agreement more than 25,000,000 shares being registered for resale under the registration statement that includes this prospectus
in order to receive aggregate gross proceeds equal to the total commitment of an aggregate of $ 50.0 million under the Purchase
Agreement, we must file with the SEC one or more additional registration statements to register under the Securities Act the resale by
New Circle of any such additional shares of our Common Stock we wish to sell from time to time under the Purchase Agreement, which the
SEC must declare effective. We will need to obtain stockholder approval to issue shares of our Common Stock in excess of the Exchange
Cap under the Purchase Agreement in accordance with the Nasdaq listing rules, unless the average per share purchase price paid by New
Circle for all shares of our Common Stock sold under the Purchase Agreement equals or exceeds $1.41, the Nasdaq Official Closing Price
of our Common Stock on the date immediately preceding the effective date of the Purchase Agreement, in which case, under the Nasdaq listing
rules, the Exchange Cap limitation will not apply to issuances and sales of our Common Stock under the Purchase Agreement, in each case,
before we may elect to sell any additional shares of our Common Stock to New Circle under the Purchase Agreement. In addition, New Circle
will not be required to purchase any shares of our Common Stock if such sale would result in New Circle’s beneficial ownership
exceeding 4.99% of the then outstanding shares of our Common Stock.

Any issuance and sale by us under the Purchase Agreement of a substantial
amount of shares of our Common Stock in addition to the 25,000,000 shares of our Common Stock being registered for resale by New Circle
under this prospectus could cause additional substantial dilution to our stockholders. The number of shares of our Common Stock ultimately
offered for resale by New Circle is dependent upon the number of shares of our Common Stock we ultimately sell to New Circle under the
Purchase Agreement.

Our inability to access a portion or the full amount available under the
Purchase Agreement,