Company: LIDRW
Filing Date: 2025-05-09
Form Type: 8-K/A
Source: 0000947871-25-000480
Chunk: 1

Company: AEye, Inc.
Filing Date: 2025-05-09
Form: 8-K/A
Chunk 1
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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐

<div align='center'>Explanatory Note</div>

This Amendment No. 1 (this “Amendment”)
to the Current Report on Form 8-K, originally filed by AEye, Inc. (the “Company”) on May 1, 2025 (the “Original Form
8-K”), is being filed solely to correct the aggregate amount of consulting fees previously disclosed as paid to Doron Simon and
his consulting entity under Item 5.02. The Original Form 8-K incorrectly stated that the Company paid aggregate consulting fees of $456,000
to Mr. Simon and his consulting entity. The correct aggregate amount of consulting fees paid from June 2023 through March 2025 is $261,000.
No other changes have been made to the Original Form 8-K. This Amendment should be read in conjunction with the Original 8-K.

| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of 
 Certain Officers.                                                                                                                |

On April 29, 2025 (the “Appointment Date”),
the Board of Directors (the “Board”) of AEye, Inc. appointed Doron Simon, effective as of the Appointment Date, as a Class
II director, which term will expire at the Company’s 2026 annual meeting of shareholders, and to serve on the Strategic Finance
and M&A Committee.

Prior to his appointment as a director, Mr. Simon,
directly and through his consulting entity, provided consulting services to the Company. In connection with the foregoing, the Company
and Mr. Simon and his consulting entity entered into a consulting agreement, dated as of May 14, 2023, as amended from time to time, pursuant
to which the Company (i) paid Mr. Simon and his consulting entity aggregate fees of $261,000 from June 2023 through March 2025 and (ii)
granted Mr. Simon 33,970 restricted stock units, which have