Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 23

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 23
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apply if and so long as the Common Stock remains listed on NASDAQ, require stockholder approval of certain issuances equal to or exceeding
20% of the then outstanding voting power or then outstanding number of shares of the Common Stock. Additional shares that may be issued
in the future may be used for a variety of corporate purposes, including future public offerings, to raise additional capital, or to facilitate
acquisitions.

One of the effects of the existence of unissued and
unreserved common stock may be to enable our Board to issue shares to persons friendly to current management, which issuance could render
more difficult or discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest, or otherwise
and thereby protect the continuity of management and possibly deprive stockholders of opportunities to sell their shares of the Common
Stock at prices higher than prevailing market prices.

Annual Stockholder Meetings.Our Amended Bylaws
provide that annual stockholder meetings will be held at a date, time, and place, if any, as exclusively selected by our Board. To the
extent permitted under applicable law, our Board may conduct meetings by remote communications. Our Amended Bylaws provide that stockholders
seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at our annual
meeting of stockholders, must provide timely notice of their intent in writing. To be timely, a stockholder’s notice will need to
be received by our Secretary at our principal executive offices not later than the close of business on the 90th day nor earlier than
the open of business on the 120th day prior to the anniversary date of the immediately preceding our annual meeting of stockholders. Pursuant
to Rule 14a-8 of the Exchange Act, proposals seeking inclusion in our annual proxy statement must comply with the notice periods contained
in the annual proxy statement. Our Amended Charter specifies certain requirements as to the form and content of a stockholders’
meeting. These provisions may preclude our stockholders from bringing matters before our annual meeting of stockholders or from making
nominations for directors at our annual meeting of stockholders. Our Amended Bylaws also specify certain requirements as to the form and
content of a stockholder’s notice for an annual meeting. Specifically, a stockholder’s notice must include: (i) a description
in reasonable detail of the business desired to be brought before the annual meeting, the text of the proposal or business (