Company: LIDRW
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0000947871-25-000691
Chunk: 1

Company: AEye, Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 1
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 common stock having an
aggregate gross sales price of approximately $23,724,958 that were sold pursuant to the Prior Prospectus to date. This Amendment amends
and/or supplements only those sections of the Prior Prospectus as listed in this Amendment, and all other sections of the Prior Prospectus
remain as is.

As of July 25, 2025, the aggregate market value of our outstanding shares of common stock held by non-affiliates, or public float, was determined to be $129,700,401 based on 30,316,365 shares of common stock outstanding, of which 29,277,743 are held by non-affiliates, and at a price of $4.43 per share, the closing price of our common stock on July 25, 2025. As a result, our public float has increased above $75.0 million, and we are no longer subject to the limitations contained in General Instruction I.B.6 of Form S-3 as of the date of this Amendment. If we become subject to the offering limits in General Instruction I.B.6 of Form S-3 in the future, we will file another amendment or prospectus supplement.

We are an “emerging
growth company” and “smaller reporting company” as defined under U.S. federal securities laws and are subject to reduced
public company reporting requirements. Our common stock is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol
“LIDR.” The last sale price of our common stock, as reported on Nasdaq on July 25, 2025, was $4.43 per share.

Investing in our common stock involves a high degree of risk. See the “Risk Factors” section beginning on page S-6 of the Prospectus Supplement dated September 13, 2024 and the documents incorporated by reference into this Amendment and the Prior Prospectus, as they may be amended, updated or supplemented periodically in our reports filed with the Securities and Exchange Commission, before investing in our common stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this Amendment or the Prior Prospectus are truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>A.G.P.

The date of this Amendment No. 4 to the
Prospectus Supplements is July 28, 2025</div>