Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000220
Chunk: 24

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 24
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 of the Company, the holders of
the shares of Common Stock are entitled to receive all the remaining assets of the Company available for distribution to its stockholders,
ratably in proportion to the number of shares of Common Stock held by them.

Other Matters.The rights, preferences and privileges of the holders
of our Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of our preferred
stock, including any series of preferred stock which we may designate in the future. There are no redemption or sinking fund provisions
applicable to the Common Stock. All outstanding shares of Common Stock are fully paid and nonassessable.

Listing.The Common Stock is listed for trading on Nasdaq under
the symbol “LIDR”.

Transfer Agent.Broadridge Corporate Issuer Solutions, Inc. acts
as the transfer agent of the Common Stock.

Description of Preferred Stock

Under the terms of the Amended Charter, our Board has the authority, without
stockholder approval, to issue shares of preferred stock from time to time on terms it may determine, to divide shares of preferred stock
into one or more class or series and to fix for each such class or series the designations, preferences, privileges, and restrictions
of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference, and the
number of shares constituting any series or the designation of any series to the fullest extent permitted by the DGCL. The issuance of
preferred stock could have the effect of decreasing the trading price of the Common Stock, restricting dividends on our capital stock,
diluting the voting power of the Common Stock, impairing the liquidation rights of our capital stock, or delaying or preventing a change
in control of the Company. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will
not do so in the future.

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Registration Rights

The Company is a party to the Registration Rights Agreement entered in
connection with a transaction pursuant to which New Circle has committed to purchase the Company’s Common Stock. The Registration
Rights Agreement requires the Company to prepare and file this registration statement to cover the resale under the Securities Act
of registrable securities held by New Circle. The Company is also a party to the Note Registration Rights Agreement entered in connection
with a transaction pursuant to which the Company has issued to an institutional investor a senior unsecured convertible promissory note
and a warrant to purchase