Company: LIDRW
Filing Date: 2025-03-12
Form Type: 8-K
Source: 0000947871-25-000301
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Company: AEye, Inc.
Filing Date: 2025-03-12
Form: 8-K
Item: Item 3.01
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Item 3.01      Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.  

On March 11, 2025, AEye, Inc. (the “ Company”)
received written notice from The Nasdaq Stock Market LLC (“ Nasdaq”) indicating that, for the last 30 consecutive business
days, the Company has not been in compliance with the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq
Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Bid Price Rule”).

The notice has no immediate effect on the Company’s
Nasdaq listing and its common stock will continue to be listed under the symbol “ LIDR.”

In accordance with Listing Rule 5810(c)(3)(A),
the Company has a period of 180 calendar days, or until September 8, 2025 (the “ First Compliance Date”), to regain compliance
with the Bid Price Rule. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per
share for a minimum of ten consecutive business days during this 180-day period. If at any time before the First Compliance Date, the
closing bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of ten consecutive business days,
subject to the discretion of the Nasdaq Listing Qualification Staff, Nasdaq will provide the Company with a written confirmation of compliance
with the Bid Price Rule.

If the Company does not regain compliance with
the Bid Price Rule by the First Compliance Date, the Company may be eligible for a second 180-day compliance period. To qualify, the Company
would be required to meet the continued listing requirement for all other initial listing standards for The Nasdaq Capital Market, with
the exception of the Bid Price Rule, and would need to provide written notice of its intention to cure the bid price deficiency during
the second compliance period.

If the Company does not regain compliance with
the Bid Price Rule when required, Nasdaq will provide written notification to the Company that its common stock is subject to delisting.
At that time, the Company may appeal the delisting determination to a Nasdaq hearings panel.

The Company will continue to monitor its closing bid
price and will consider its available options to resolve the deficiency and regain compliance with the Bid Price Rule within the allotted
compliance periods. There can be no