Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 12

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 12
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 Company, the “Company Parties”), entered into a settlement
agreement (the “Settlement Agreement”) with IGEP Park Place, LLC to resolve all outstanding disputes related to the Company’s
prior office lease at One Park Place in Dublin, California, and the related litigation styled as IGEP Park Place, LLC v. AEye, Inc.,
et al., Case No. 24-CV-088829, pending in the Superior Court of California for the County of Alameda. Under the terms of the Settlement
Agreement, the Company Parties paid the Landlord $1.4 million in cash within 14 days of the Effective Date. In addition, as required under
the Settlement Agreement, the Company entered into a warrants agreement on May 23, 2025 (the “Warrant Agreement”), pursuant
to which the Company issued to the Selling Stockholder on August 8, 2025 (the “Issue Date”) a warrant (the “Warrant”)
to purchase up to 350,000 shares of the Company’s common stock at an initial exercise price of $2.22. The Warrant is exercisable
beginning on the Issue Date and will expire on the fifth anniversary of the Issue Date.

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Corporate Information

Our principal executive office is located at 4670 Willow Road, Suite
125 Pleasanton, CA 94588. Our telephone number is (925) 400-4366. Our website address is www.aeye.ai.
Information contained on our website or connected thereto does not constitute part of, and is not incorporated by reference into, this
prospectus or the registration statement of which it forms a part.

Implications of Being an Emerging Growth Company and a Smaller Reporting Company

We are an emerging growth company as defined
in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We will remain an emerging growth company under the JOBS
Act until the earliest of (a) the last day of our first fiscal year following the fifth anniversary of CF III’s IPO, (b) the last
date of our fiscal year in which we have total annual gross revenue of at least $1.07 billion, (c) the date on which we are deemed to
be a “large accelerated filer” under the rules of the SEC with at least $700.0 million of outstanding securities held by non-affiliates,
or (d) the date on which we have issued more than $1.