Company: LIDRW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0000947871-25-000056
Chunk: 11

Company: AEye, Inc.
Filing Date: 2025-01-16
Form: S-1
Chunk 11
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 predicated
on licensing our lidar designs and other intellectual property to our Tier 1 partners. The main markets for lidar, primarily Automotive
and Industrial, are projected to see significant growth in both the near and long term. We believe this expected growth will allow us
to capture market share as well as pursue specialized opportunities like highway autonomous driving applications that benefit from our
products. We expect that lidar will be a required sensing solution across many end markets, and we intend to be one of the leading solutions
providers in these spaces.

As is common in early-stage companies with limited operating histories,
we are subject to risks and uncertainties such as our ability to develop and commercialize our products; produce and deliver lidar and
software products meeting acceptable performance metrics; attract new and retain existing customers; develop, obtain, or progress strategic
partnerships; secure an automotive OEM design win; secure additional capital to support the business plan; and other risks and uncertainties
such as those described in the section titled “Risk Factors” in this prospectus, any accompanying prospectus supplement
and the documents incorporated by reference herein. Since inception, we have incurred net losses and negative cash flows from operations
and expect to continue incurring losses in the near term. We plan to improve our liquidity position through securing additional financing
and engaging with our new Tier 1 automotive partner to bring our products to market.

Background

On February 17, 2021, AEye Technologies, Inc., then known as
AEye, Inc., or AEye Technologies, entered into the Agreement and Plan of Merger, or the Merger Agreement, with CF Finance Acquisition
Corp. III, a Delaware corporation, or CF III, now known as AEye, Inc., and Meliora Merger Sub, Inc., a Delaware corporation and a wholly
owned subsidiary of CF III, or Merger Sub. Based on CF III’s business activities, it was a “shell company” as defined
under the Securities Exchange Act of 1934, as amended, or the “Exchange Act. On August 16, 2021, or the Closing Date, CF III
closed the business combination, or the Merger, 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