Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 11

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 11
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, high-performance
product at the right price point, which we believe to be a key enabler in accelerating adoption of lidar across various markets in Automotive
and beyond.

| 4 |

In pursuing this strategy, we have partnered, and
will continue seeking partnerships, with leading Tier 1 automotive suppliers. It is anticipated that our Tier 1 partners will bid
for long-range lidar series production awards with OEMs and that these awards will represent a substantial portion of our future revenues;
however, there is no guarantee that this Tier 1 partnership strategy will be successful. If we fail to remain engaged with one or more
Tier 1 automotive suppliers, it may have an adverse effect on our business. The markets for lidar are projected to see significant growth
in both the near and long term. We believe this expected growth will allow us to capture market share as well as pursue specialized
opportunities like 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 extend 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