Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 322

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1C
Chunk 322
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 the average daily trading volume of the common stock of the Company during the five trading days immediately preceding the purchase notice, and (ii) 400,000 shares of common stock.

     In connection with the CSPA, the Company issued to New Circle
    225,563 shares of common stock in the Company as commitment shares for the facility. At issuance, the
    225,563 shares of common stock had a fair value of
    $282 and were recorded to Interest expense and other in the Company's consolidated statement of operations and comprehensive loss. The Company determined that the right to sell additional shares represents a freestanding put option under ASC
    815, 
    Derivatives and Hedging, and as such, the financial instrument was classified as a derivative asset with a fair value of
    zero at inception of the CSPA on
     July 25, 2024.

   As of  December 31, 2024, including the commitment shares, the Company had issued 1,325,713 shares of its common stock to New Circle under the CSPA for gross proceeds totaling $1,679.﻿
    
   Alliance Global Partners (“AGP”) At Market Issuance Sales Agreement (the “ATM Agreement”) — On  September 12, 2024, the Company entered into the ATM and a Registration Rights Agreement with A.G.P. Under the terms and subject to the conditions of the ATM Agreement, the Company  may issue and sell through AGP the Company's common stock having an aggregate value offering price of up to $2,600 ("Placement Shares") from time to time through an "at-the-market" equity offering program. The Company has sole discretion to initiate such sales of common stock over a period of 36 months. Under the terms and subject to the conditions of the ATM Agreement, the Company will set the parameters for the sale of shares, including the number or dollar amount of Placement Shares to be issued, the time period during which sales are requested to be made, any limitation on the number or dollar amount of Placement Shares that  may be sold in any one trading day and any minimum price below which sales  may not be made. The Company will pay a cash commission rate of up to 3.0% of the gross proceeds from the sale of Placement Shares sold pursuant to the ATM Agreement. In  December 2024, the Company increased the amount of the Company's common stock that it  may issue and sell through AGP,