Company: LIDRW
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0000947871-25-000783
Chunk: 5

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 5
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 results to differ materially from those in the forward-looking
statements, including the risks, uncertainties and assumptions described under the section in this prospectus titled “Risk Factors”
or discussed in greater detail in the documents incorporated by reference herein. These forward-looking statements are subject to numerous
risks, including, without limitation, the following:

| · | We are an early stage company with a history of losses and we expect to               
 incur significant expenses and continuing losses for at least the next several years. |

| · | We substantially rely on relationships with Tier 1 automotive suppliers                                                                        
 and our business could be materially and adversely affected if we cannot establish or maintain relationships with one or more Tier 1 partners, 
 or if we, through our relationship with various Tier 1 partners, are unable to obtain a sufficient number of design wins and successfully      
 enter into definitive agreements or other commercial arrangements with automotive OEMs with respect to such design wins.                       |

| · | We will need to raise additional capital in order to execute our business                                                              
 plan and to respond to changing market conditions, which additional capital may not be available on terms acceptable to us, or at all. |

| · | If our deterministic artificial intelligence-driven sensing system is not                                                              
 selected for inclusion in advanced driver-assistance systems, or ADAS, by any automotive OEMs or their suppliers, our business will be 
 materially and adversely affected.                                                                                                     |

| · | We heavily rely on third-party suppliers and because some of the raw materials                                                           
 and key components in our products come from limited or single source suppliers, our ability to control the costs of such components and 
 raw materials is uncertain; moreover, regardless of cost, we are susceptible to supply shortages, longer than anticipated lead times for 
 components, and supply changes, any of which could disrupt our supply chain, could delay deliveries of our products to customers, and    
 could negatively impact the adoption of our products and accordingly, our financial condition and operating results.                     |

| · | Although we believe that lidar is an essential technology for autonomous                                                                   
 vehicles and other emerging applications, market adoption of lidar is uncertain. If market adoption of lidar does not continue to develop, 
 or adoption is deferred, or otherwise develops more slowly than we expect, our business will be adversely affected.                        |

| 4 |

| · | The complexity of our products could result in unforeseen delays or expenses                                                                  
 from undetected defects, errors, or reliability issues in our hardware or software which could reduce the market adoption