Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000220
Chunk: 36

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 36
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 file a registration statement
to cover the resale of the Company’s Common Stock issuable upon conversion of the note and/or exercise of the warrant. Such registration
statement on Form S-3 (Registration No. 333-267937) was filed by the Company with the SEC under the Securities Act on October
19, 2023, and declared effective by the SEC on October 27, 2023.

Dowslake Transaction

On May 10, 2024, the Company entered into the Dowslake Purchase Agreement with Dowslake, pursuant to which Dowslake has agreed to purchase
330,823 shares of Common Stock for the purchase price of $834, which represents a per share purchase price of $2.58, the Nasdaq Official
Closing Price (as defined under the rules and regulations of the Nasdaq Stock Market) of the Common Stock immediately preceding the execution
of the Dowslake Purchase Agreement and the Dowslake Note with the principal amount of $146 for an aggregate purchase price of $1.0 million
for both the purchased shares and the Dowslake Note. The Dowslake Transaction closed on June 4, 2024. The securities were issued or sold
by us under the Dowslake Purchase Agreement in reliance on an exemption from the registration requirements under the Securities Act provided
in Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.

New Circle Transaction

On July 25, 2024, the Company entered into the Purchase Agreement with
New Circle Principal Investments LLC (“New Circle”) pursuant to which New Circle has agreed to purchase from the Company,
at the option of the Company, up to $50.0 million of shares of Common Stock from time to time over a 36- month period. The Purchase Agreement
is subject to certain limitations including, but not limited to, the filing and effectiveness of a registration statement covering the
shares of Common Stock that are issuable to New Circle under the Purchase Agreement.

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Pursuant to the terms of the Purchase Agreement,
at the time we signed the Purchase Agreement, we issued 225,563 commitment shares to New Circle as consideration for its irrevocable commitment
to purchase shares of our Common Stock under the Purchase Agreement. The securities were issued or sold by us under the Purchase Agreement
in reliance upon an exemption from the registration requirements under the Securities Act of 1933, or the Securities Act,