Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 28

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 28
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us, no shares of preferred stock are issued or outstanding. Unless our Board determines otherwise, we will issue
all shares of our capital stock in uncertificated form.

Description of Common Stock

Voting Rights.Each holder of Common Stock
is entitled to one (1) vote in person or by proxy for each share of the Common Stock held of record by such holder. The holders of shares
of the Common Stock do not have cumulative voting rights.

Dividend Rights.Subject to any other provisions
of the Amended Charter, each holder of Common Stock is entitled to receive such dividends and other distributions in cash, stock or property
of the Company when, as and if declared thereon by our Board from time to time out of assets or funds of the Company legally available
therefor and shall share equally on a per share basis in such dividends and distributions.

Liquidation Rights.In the event of any voluntary
or involuntary liquidation, dissolution or winding up of the Company, subject to applicable law, the rights, if any, of the holders of
any outstanding series of the preferred stock, after payment or provision for payment of the debts and other liabilities of the Company,
the holders of the shares of Common Stock are entitled to receive all the remaining assets of the Company available for distribution to
its stockholders, ratably in proportion to the number of shares of Common Stock held by them.

Other Matters.The rights, preferences and
privileges of the holders of our Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of
any series of our preferred stock, including any series of preferred stock which we may designate in the future. There are no redemption
or sinking fund provisions applicable to the Common Stock. All outstanding shares of Common Stock are fully paid and nonassessable.

Listing.The Common Stock is listed for trading
on Nasdaq under the symbol “LIDR”.

Transfer Agent.Broadridge Corporate Issuer
Solutions, Inc. acts as the transfer agent of the Common Stock.

Description of Preferred Stock

Under the terms of the Amended Charter, our Board
has the authority, without stockholder approval, to issue shares of preferred stock from time to time on terms it may determine, to divide
shares of preferred stock into one or more class or series and to fix for each such class or series the designations, preferences, privileges,
and restrictions of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference,
and