Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000219
Chunk: 3

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 3
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 of Distribution” elsewhere in this prospectus for more information about how the Selling Stockholders may sell
or otherwise dispose of its shares hereunder.

You should read this prospectus, the applicable prospectus
supplement and any related free writing prospectus carefully, as well as any documents incorporated by reference, before you invest in
any of the securities being offered.

We are an “emerging growth company” as defined in Section
2(a) of the Securities Act, and are subject to reduced public company reporting requirements. This prospectus complies with the requirements
that apply to an issuer that is an emerging growth company.

Our Common Stock is listed on The Nasdaq Stock
Market LLC (“Nasdaq”) under the symbols “LIDR”. On February 21, 2025, the closing price of our Common Stock was
$0.77 per share.

<div align='center'>________________________</div>

Our business and investment in our Common Stock involve significant risks. These risks are described in the section titled “ Risk Factors” beginning on page 12 of this prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is , 2025.</div>

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<div align='center'>TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                           |     |  4 |
| CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING 
 STATEMENTS                                      |     |  5 |
| PROSPECTUS SUMMARY                              |     |  7 |
| THE OFFERING                                    |     | 11 |
| RISK FACTORS                                    |     | 12 |
| USE OF PROCEEDS                                 |     | 13 |
| PRIVATE PLACEMENTS                              |     | 14 |
| SELLING STOCKHOLDERS                            |     | 17 |
| DESCRIPTION OF CAPITAL STOCK                    |     | 20 |
| PLAN OF DISTRIBUTION                            |     | 22 |
| LEGAL MATTERS                                   |     | 24 |
| EXPERTS                                         |     | 24 |
| WHERE YOU CAN FIND MORE INFORMATION             |     | 25 |
| Information                                     
 Incorporated by Reference                       |     | 26 |

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<div align='center'>ABOUT THIS PROSPECTUS</div>

This prospectus is