Company: LIDRW
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0000947871-25-000783
Chunk: 11

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 11
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 the last
date of our fiscal year in which we have total annual gross revenue of at least $1.07 billion, (c) the date on which we are deemed to
be a “large accelerated filer” under the rules of the SEC with at least $700.0 million of outstanding securities held by non-affiliates,
or (d) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the previous three years.

We are also a “smaller reporting company”
as defined in the Securities and Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging
growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to
take advantage of these scaled disclosures for so long as the market value of our Common Stock held by non-affiliates is less than $250.0
million measured on the last business day of our second fiscal quarter, or our annual revenue is less than $100.0 million during the most
recently completed fiscal year and the market value of our Common Stock held by non-affiliates is less than $700.0 million measured on
the last business day of our second fiscal quarter.

As a result, the information in this prospectus,
any accompanying prospectus supplement or the documents incorporated by reference herein that we provide to our investors in the future
may be different than what you might receive from other public reporting companies.

| 9 |

<div align='center'>THE OFFERING</div>

| Shares of Common        
 Stock offered by the    
 Selling Stockholder     | Up to 350,000 shares of the Common Stock (the “Warrant Shares”)                                                                                                                         
 issuable upon exercise of the Warrant.                                                                                                                                                  |
| Shares of Common        
 Stock outstanding prior 
 to this offering        | 39,943,121 shares (as of August 7, 2025).                                                                                                                                               |
| Shares of Common        
 Stock outstanding after 
 this offering           | 40,293,121 shares, assuming the issuance of all Warrant Shares registered                                                                                                               
 for resale hereunder upon exercise of the Warrant.                                                                                                                                      |
| Use of proceeds         | We will not receive any proceeds from the resale of shares by the Selling                                                                                                               
 Stockholder. We may receive proceeds from the exercise of the Warrant, if any portion of the Warrant is exercised in cash. See “Use of Proceeds” on page