Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 29

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 29
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 the number of shares constituting any series or the designation of any series to the fullest extent permitted by the DGCL. The issuance
of preferred stock could have the effect of decreasing the trading price of the Common Stock, restricting dividends on our capital stock,
diluting the voting power of the Common Stock, impairing the liquidation rights of our capital stock, or delaying or preventing a change
in control of the Company. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will
not do so in the future.

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Registration Rights

The Company is a party to the Registration Rights
Agreement entered in connection with a transaction pursuant to which New Circle has committed to purchase the Company’s Common
Stock. The Registration Rights Agreement requires the Company to prepare and file this registration statement to cover the resale under
the Securities Act of registrable securities held by New Circle. The Company is also a party to the Note Registration Rights Agreement
entered in connection with a transaction pursuant to which the Company has issued to an institutional investor a senior unsecured
convertible promissory note and a warrant to purchase the Company’s Common Stock. The Note 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 note and/or exercise of the warrant. Such registration statement on Form S-3 (Registration No. 333-267937) was filed by the Company
with the SEC under the Securities Act on October 19, 2023, and declared effective by the SEC on October 27, 2023.

The Company is a party to the Dowslake Purchase Agreement
entered into in connection with a transaction pursuant to which the Company has issued to Dowslake shares of the Company’s Common
Stock and a senior unsecured convertible promissory note, convertible into shares of the Company’s Common Stock. The Dowslake Purchase
Agreement requires the Company to prepare and file a registration statement to cover the resale of the Company’s Common Stock purchased
by Dowslake or issuable upon conversion of the note.

The Company is also a party to the 2025 Registration
Rights Agreement entered into in connection with a transaction pursuant to which the Company has issued to an institutional investor
a senior unsecured convertible promissory note (the “2025 Note”), convertible into shares of the Company’s Common Stock,
and a warrant (the “2025 Warrant”), exercisable