Company: LIDRW
Filing Date: 2025-03-04
Form Type: 424B3
Source: 0000947871-25-000265
Chunk: 9

Company: AEye, Inc.
Filing Date: 2025-03-04
Form: 424B3
Chunk 9
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highway autonomous driving applications that benefit from our products. We expect that lidar will be a required sensing solution across
many end markets, and we intend to be one of the leading solutions providers in these spaces.

As is common in early-stage companies with limited
operating histories, we are subject to risks and uncertainties such as our ability to develop and commercialize our products; produce
and deliver lidar and software products meeting acceptable performance metrics; attract new and retain existing customers; develop, obtain,
or progress strategic partnerships; secure an automotive OEM design win; secure additional capital to support the business plan; and
other risks and uncertainties such as those described in the section titled “Risk Factors” in this prospectus, any
accompanying prospectus supplement and the documents incorporated by reference herein. Since inception, we have incurred net losses and
negative cash flows from operations and expect to continue incurring losses in the near-term.
As a result, it remains critical for us to preserve cash and manage spending to extent our liquidity. We also plan to improve our liquidity position
through securing additional financing, engaging with partners and OEMs, and executing on our critical milestones. However, successfully raising capital is
outside of our control and there can be no assurance that we will be able to obtain additional financing on terms acceptable to us, on a timely basis, or at all.

Background

On February 17, 2021, AEye Technologies, Inc., then known as
AEye, Inc., or AEye Technologies, entered into the Agreement and Plan of Merger, or the Merger Agreement, with CF Finance Acquisition
Corp. III, a Delaware corporation, or CF III, now known as AEye, Inc., and Meliora Merger Sub, Inc., a Delaware corporation and a wholly
owned subsidiary of CF III, or Merger Sub. Based on CF III’s business activities, it was a “shell company” as defined
under the Securities Exchange Act of 1934, as amended, or the “Exchange Act. On August 16, 2021, or the Closing Date, CF III
closed the business combination, or the Merger, and together with the other transactions contemplated by the Merger Agreement, the Transactions,
pursuant to the Merger Agreement, and Merger Sub was merged with and into AEye Technologies with AEye Technologies surviving the merger
as a wholly owned subsidiary of CF III. On the Closing Date, and in connection with the closing of the Transactions, or the