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

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 15
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 Shares of Common Stock Owned After Offering |   |     |         |     |   |
|                          | Number (1) |                            |         |     | Percent |     |   |     |                                                                                    |         |     | Number |                                                       |   |     | Percent |     |   |
| IGEP Park Place, LLC (1) |            |                            | 350,000 |     |         |     | * |     |                                                                                    | 350,000 |     |        |                                                       | 0 |     |         |     | * |

| *   |     | less than 1%                                                                                                                                 |
| (1) |     | Represents shares of Common Stock underlying the Warrant. The                                                                                
 Warrant is exercisable for up to 350,000 shares of Common Stock at an exercise price of $2.22 per share. The Selling Stockholder does        
 not have the right to exercise the Warrant for any shares unless and until the exercise price is paid in full for such shares or such        
 warrant is exercised pursuant to its terms. The shares underlying the Warrant are deemed to be beneficially owned by the Selling Stockholder 
 pursuant to Rule 13d-3(d) under the Securities Exchange Act of 1934. The address of IGEP Park Place LLC is One Sansome Street, Suite         
 1550, San Francisco, CA 94104.                                                                                                               |

| 13 |

<div align='center'>DESCRIPTION OF CAPITAL STOCK</div>

The following description of the material features
of our capital stock is a summary and does not purport to be complete. The description is subject to and qualified in its entirety by
reference to (i) our Amended Charter, (ii) our Amended Bylaws, (iii) the Warrant Agreement, dated as of May 23, 2025, by and between the
Company and IGEP Park Place, LLC, (iv) the Securities Purchase Agreement, dated as of May 10, 2024, by and between the Company and Dowslake
Microsystems Corporation (“Dowslake”) (the “Dowslake Purchase Agreement”), (v) the Registration Rights Agreement,
dated July 25, 2024, by and between the Company and New Circle Principle Investments (the “New Circle Registration Rights Agreement”),
(vi) the Registration Rights Agreement, dated January 2, 2025, by and between the Company and an institutional investor (the “2025
Registration Rights Agreement”)