Company: LIDRW
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0000947871-25-000783
Chunk: 18

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 18
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 a registration statement to cover the resale of the Company’s Common Stock issuable
upon conversion of the 2025 Note or exercise of the 2025 Warrant.

The Company is also a party to the Warrants Agreement
with IGEP Park Place, LLC. Pursuant to the Warrant Agreement, the Company has issued to IGEP Park Place, LLC a warrant to purchase up
to 350,000 shares of the Company’s Common Stock at an exercise price of $2.22 per share. The Warrant Agreement requires the Company
to prepare and file a registration statement to cover the resale of the Company’s Common Stock issuable upon exercise of the Warrant.

Provisions of Our Amended Charter and Bylaws and Delaware Law That May Have Anti-Takeover Effects

Section 203 of the Delaware General Corporation Law

Section 203 of the DGCL is applicable to takeovers
of certain Delaware corporations, including us. Subject to exceptions enumerated therein, Section 203 provides that a corporation shall
not engage in any business combination with any “interested stockholder” for a three-year period following the date that the
stockholder becomes an interested stockholder unless:

| · | Prior to that date, the board of directors of the corporation approved either                                    
 the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; |

| · | Upon consummation of the transaction that resulted in the stockholder becoming                                                          
 an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time 
 the transaction commenced, though some shares may be excluded from the calculation; or                                                  |

| · | On or subsequent to that date, the business combination is approved by the                                                                
 board of directors of the corporation and by the affirmative votes of holders of at least two-thirds of the outstanding voting stock that 
 is not owned by the interested stockholder.                                                                                               |

| 15 |

The term “business combination” is defined
to include, among other transactions between an interested stockholder and a corporation or any direct or indirect majority owned subsidiary
thereof: a merger or consolidation; a sale, lease, exchange, mortgage, pledge, transfer or other disposition (including as part of
a dissolution) of assets having an aggregate market value equal to 10% or more of either the aggregate market value of all assets of the
corporation on a consolidated basis or the aggregate market value of all the outstanding stock of the corporation; certain