Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 30

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 30
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 into shares of the Company’s Common Stock. The 2025 Registration Rights
Agreement requires the Company to prepare and file a registration statement to cover the resale of the Company’s Common Stock issuable
upon conversion of the 2025 Note or exercise of the 2025 Warrant.

Provisions of Our Amended Charter and Bylaws and Delaware Law That May Have Anti-Takeover Effects

Section 203 of the Delaware General Corporation Law

Section 203 of the DGCL is applicable to takeovers of certain Delaware
corporations, including us. Subject to exceptions enumerated therein, Section 203 provides that a corporation shall not engage in any
business combination with any “interested stockholder” for a three-year period following the date that the stockholder becomes
an interested stockholder unless:

| · | Prior to that                                                                            
 date, the board of directors of the corporation approved either the business combination 
 or the transaction that resulted in the stockholder becoming an interested stockholder;  |

| · | Upon consummation                                                                               
 of the transaction that resulted in the stockholder becoming an interested stockholder, the     
 interested stockholder owned at least 85% of the voting stock of the corporation outstanding    
 at the time the transaction commenced, though some shares may be excluded from the calculation; 
 or                                                                                              |

| · | On or subsequent                                                                                
 to that date, the business combination is approved by the board of directors of the corporation 
 and by the affirmative votes of holders of at least two-thirds of the outstanding voting        
 stock that is not owned by the interested stockholder.                                          |

The term “business combination” is defined to include, among
other transactions between an interested stockholder and a corporation or any direct or indirect majority owned subsidiary thereof: a
merger or consolidation; a sale, lease, exchange, mortgage, pledge, transfer or other disposition (including as part of a dissolution)
of assets having an aggregate market value equal to 10% or more of either the aggregate market value of all assets of the corporation
on a consolidated basis or the aggregate market value of all the outstanding stock of the corporation; certain transactions that
would result in the issuance or transfer by the corporation of any of its stock to the interested stockholder; certain transactions
that would increase the interested stockholder’s proportionate share ownership of the stock of any class or series of the corporation
or such subsidiary; and any receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges