Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 147

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 147
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 and Sr. Manager of Human Resources during 2023. For the year ended  December 31, 2023, Mr. Dussan’s sibling received total cash compensation of $149 and was granted 2,000 RSUs. In addition, he participated in all other benefits that the Company generally offers to all of its employees.  There were no related party transactions during the year ended  December 31, 2024.

    23.  SUBSEQUENT EVENTS 

   Management has evaluated subsequent events through  February 24, 2025 and determined that there were no such events requiring recognition or disclosure in the financial statements, other than as noted below. 
    
   In  January 2025, the Company entered into a Securities Purchase Agreement to finance an aggregate principal amount of up to $3,240 with a certain institutional investor and issued (i) a senior unsecured convertible promissory note (the "Note") for an aggregate purchase price of $3,000 and (ii) a warrant to purchase up to 805,263 shares of the Company’s common stock. The Note, subject to an original issue discount of 7.4%, has a term of eighteen months and accrues interest at the rate of 7.0% per annum. The Note is convertible into Common Stock, at a per share conversion price equal to $ 2.22, subject to adjustments noted in the Note. The Warrant has an initial exercise price of $ 2.22, and is exercisable after the six month and one day anniversary of its issuance (the “Initial Exercisability Date”) until for four years following the Initial Exercisability Date.
    
   In  January 2025, the Company increased the amount of the Company's common stock that it  may issue and sell through A.G.P. under the ATM Agreement, having a new aggregate value offering of up to $15,293 and sold 2,359,023 shares for gross proceeds totaling $3,015. Further, the Company issued 2,155,000 shares of its common stock to New Circle under the CSPA for gross proceeds totaling $4,800. 

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Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We have established disclosure