Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000219
Chunk: 23

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 23
---
 by reference to (i) our
Amended Charter, (ii) our Amended Bylaws, (iii) the Registration Rights Agreement, dated as of July 25, 2024, between the Company and
New Circle Principal Investments LLC (the “Registration Rights Agreement”), (iv) the Form of Indemnification Agreement, (v)
the Registration Rights Agreement, dated as of September 15, 2022, between the Company and an institutional investor (the “Note
Registration Rights Agreement”), (vi) the Securities Purchase Agreement, dated as of May 10, 2024, between the Company and Dowslake
Microsystems Corporation (“Dowslake”) (the “Dowslake Purchase Agreement”) and the Registration Rights Agreement,
dated January 2, 2025, between the Company and an institutional investor (the “2025 Registration Rights Agreement”), each
of which is incorporated by reference as exhibits to this prospectus.

General

Our purpose is to engage in any lawful act or activity for which corporations
may be organized under the Delaware General Corporation Law (“DGCL”). Our authorized capital stock consists of (a) 600,000,000
shares of Common Stock and (b) 1,000,000 shares of preferred stock, par value $0.0001 per share. As of the date of this prospectus, 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