Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 75

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 INVESTING AND FINANCING ACTIVITIES: 

       Noncash debt issuance costs 
       
      $
      1,362

      $
      —

       Stock issuance costs included in accounts payable and accrued liabilities 

      176

      657

       Purchases of property and equipment included in accounts payable and accrued liabilities 

      5

      42

       Operating lease liabilities extinguished upon termination of lease 

      —

      16,325

       Operating lease right-of-use asset derecognized upon termination of lease 

      —

      10,371

       Operating lease right-of-use assets obtained in exchange for lease obligations 

      —

      753

       Stock issuance costs through issuance of common stock 

      —

      282

The accompanying notes are an integral part of these condensed consolidated financial statements.

       8

AEYE, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except share and per share data or otherwise stated)

    1.   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

   AEye, Inc. and its wholly owned subsidiaries (the “Company” or “AEye”) is a provider of high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems ("ADAS"), and robotic vision applications. AEye’s Intelligent Sensing Platform includes a solid-state software definable active lidar sensor, an adaptive sensing SmartScan architecture to scan dynamic scenes/targets, and sophisticated signal processing capability that provides precise measurements and imaging for various safety-critical applications. The Intelligent Sensing Platform captures more information with less data, facilitating faster, more accurate, and more reliable perception of the environment.
    
   AEye, formerly known as CF Finance Acquisition Corp. III, (“CF III”), was originally incorporated in Delaware on  March 15, 2016 under the name CF SPAC Re Inc. On  February 17, 2021, AEye Technologies, Inc., then known as AEye, Inc., entered into an Agreement and Plan of Merger with CF III. Based on CF III’s business activities, it was a “shell company” as defined under the Securities Exchange Act of 1934, as amended. On  August 16, 2021, the business combination contemplated by the Agreement and Plan of Merger was closed and CF III changed its name to AEye, Inc.
    
   The Company