Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 92

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 and accrued interest of $1,958 and is recorded as a current liability at fair value of $1,997.

    8.   INTEREST EXPENSE AND OTHER 

   Interest expense and other for the six months ended  June 30, 2025 and 2024 consisted of the following (in thousands):

       Three months ended June 30,    Six months ended June 30,  
   2025    2024    2025    2024  
 Common stock purchase agreements costs  $195  $—  $306  $— 
 Debt issuance costs   36   —   2,020     
 Amortization of premiums (accretion of discounts) on marketable securities, net   (90)  (170)  (181)  (441)
 Expected credit losses   2   20   2   34 
 Other   222   94   326   34 
 Interest expense and other  $365  $(56) $2,473  $(373)

       17

   9.STOCKHOLDERS' EQUITY

   New Circle Principal Investments LLC (“New Circle”) Common Stock Purchase Agreement (the “CSPA”)
    
   On  July 25, 2024, the Company entered into a CSPA and a Registration Rights Agreement with New Circle. Under the terms and subject to the conditions of the CSPA, the Company has the right, but not the obligation, to sell to New Circle, and New Circle is obligated to purchase up to the lesser of (i) $50,000 of the Company’s common stock, or (ii) the Exchange Cap equal to 1,721,755 shares of the Company's common stock, unless the Company’s stockholders approve the issuance of shares in excess of the Exchange Cap, or the average price of all applicable sales of common stock to New Circle equals or exceeds $1.41 per share. The Company has sole discretion to initiate such sales of common stock over a period of 36 months. In all instances, the Company  may not sell shares of its common stock to New Circle under the CSPA if doing so would result in New Circle beneficially owning more than 4.99% of the Company's common stock. 
    
   The purchase price per share to be