Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 17

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 17
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 in the absence of any other financing sources, could have a material adverse effect on our business. The extent to
which we rely on New Circle as a source of funding will depend on a number of factors including the prevailing market price of our Common
Stock and the extent to which we are able to secure working capital from other sources. If obtaining sufficient funding from New Circle
were to prove unavailable or prohibitively dilutive, we will need to secure another source of funding in order to satisfy our working
capital needs. Even if we were to receive all $ 50.0 million in gross proceeds under the Purchase Agreement, we may still need
additional capital to fully implement our business, operating and development plans. Should the financing we require to sustain our working
capital needs be unavailable or prohibitively expensive when we require it, the consequences could be a material adverse effect on our
business, operating results, financial condition and prospects.

Investors who buy shares at different times will likely pay different prices.

Pursuant to the Purchase Agreement, we will have discretion, subject to
market demand, to vary the timing, prices, and numbers of shares sold to New Circle. If and when we do elect to sell shares of our Common
Stock to New Circle under the Purchase Agreement, after New Circle has acquired such shares, New Circle may resell all or a portion of
such shares at any time or from time to time in its discretion and at different prices. As a result, investors who purchase shares from
New Circle at different times will likely pay different prices for those shares, and so may experience different levels of dilution and
in some cases substantial dilution and different outcomes in their investment results. Investors may experience a decline in the value
of the shares they purchase from New Circle as a result of future sales made by us to New Circle at prices lower than the prices such
investors paid for their shares.

We may require additional financing to sustain our operations and without it we will not be able to continue operations.

Subject to the terms and conditions the Purchase Agreement, we may, at
our discretion, direct New Circle to purchase up to an aggregate of up to $ 50.0 million of our Common Stock under the Purchase
Agreement from time-to-time over an approximately 36-month period commencing on August 15, 2024 subject to satisfaction of the
conditions set forth in the Purchase Agreement and the Registration Rights Agreement . Although the Purchase Agreement provides
that we may sell up to an aggregate of $