Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 24

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 24
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 at our sole discretion over a period of up to 36 months commencing on August 15, 2024 . The resale by New Circle of a significant
amount of shares registered for resale in this offering at any given time, or the perception that these sales may occur, could cause
the market price of our Common Stock to decline and to be highly volatile. Sales of our Common Stock, if any, to New Circle under the
Purchase Agreement will depend upon market conditions and other factors to be determined by us. We may ultimately decide to sell to New
Circle all, some or none of the shares of our Common Stock that may be available for us to sell to New Circle pursuant to the Purchase
Agreement. If and when we do sell shares to New Circle, after New Circle has acquired the shares, New Circle may resell all, some or
none of those shares at any time or from time to time in its discretion. Therefore, sales to New Circle by us under the Purchase Agreement
may result in substantial dilution to the interests of other holders of our Common Stock. In addition, if we sell a substantial number
of shares to New Circle under the Purchase Agreement, or if investors expect that we will do so, the actual sales of shares or the mere
existence of our arrangement with New Circle may make it more difficult for us to sell equity or equity-related securities in the future
at a time and at a price that we might otherwise wish to effect such sales. However, we have the right to control the timing and amount
of any additional sales of our shares to New Circle and the Purchase Agreement may be terminated by us at any time at our discretion
without any cost to us.

Pursuant to the terms of the Purchase Agreement,
we have the right, but not the obligation, to direct New Circle to purchase up to $ 50.0 million of our Common Stock, subject to
certain limitations. We have registered only a portion of the shares that may be issuable under the Purchase Agreement and, therefore,
we may seek to issue and sell to New Circle under the Purchase Agreement more shares of our Common Stock than are offered under this
prospectus in order to receive the aggregate gross proceeds equal to the $ 50.0 million total commitment available to us under
the Purchase Agreement. If we choose to do so, we must first register for resale under the Securities Act any such additional shares,
which could cause additional substantial dilution to our stockholders. The number of shares ultimately