Company: LIDRW
Filing Date: 2025-03-25
Form Type: PREC14A
Source: 0001140361-25-010248
Chunk: 15

Company: AEye, Inc.
Filing Date: 2025-03-25
Form: PREC14A
Chunk 15
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 to enable us to comply with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date we (1) are no longer an “emerging growth company” and (2) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. As a result, our consolidated financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates. OUR INITIAL BUSINESS COMBINATION On February 17, 2021, AEye Technologies, Inc., then known as AEye, Inc. (“AEye Technologies”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CF Finance Acquisition Corp. III, a

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Delaware corporation (“CF III”), now known as AEye, Inc., and Meliora Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of CF III (“Merger Sub”). On August 16, 2021 (the “Closing Date”), CF III consummated the business combination (the “Business Combination,” and together with the other transactions contemplated by the Merger Agreement, the “Transactions”) pursuant to the Merger Agreement, and Merger Sub was merged with and into AEye Technologies with AEye Technologies surviving the merger as a wholly owned subsidiary of CF III. On the Closing Date, and in connection with the closing of the Transactions, CF III changed its name to AEye, Inc.

REVERSE STOCK SPLIT

On December 27, 2023, we effected a 1-for-30 reverse stock split of our issued and outstanding shares of common stock (the “Reverse Stock Split”), such that thirty (30) shares of issued and outstanding common stock were combined into one (1) share of common stock. We did not issue fractional shares in connection with the Reverse Stock Split. All historical share data set forth hereinbelow, including stock awards made prior to the date of the Reverse Stock Split, have been adjusted retroactively to reflect the Reverse Stock Split.

ENGAGEMENT WITH DISSIDENT GROUP

The Dissident Group is comprised of three stockholders, Luis C. Dussan, Ransom P. Wuller, and Valerie Wuller. Mr. Dussan has served as a director of the Company since the closing of the Transactions. Prior to the closing of the Transactions, Mr. Wuller served on the Board of the Company and as an officer.