Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000219
Chunk: 34

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 34
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 proceeding arising out of his or her service as one of our directors or officers, or any of our subsidiaries or any other company or
enterprise to which the person provides services at our request.

We maintain a general liability insurance policy that covers certain
liabilities of directors and officers of our corporation arising out of claims based on acts or omissions in their capacities as directors
or officers.

In any underwriting agreement we enter into in connection with the
sale of Common Stock being registered hereby, the underwriters will agree to indemnify, under certain conditions, us, our directors, our
officers, and persons who control us within the meaning of the Securities Act against certain liabilities.

Item 15. Recent Sales of Unregistered Securities.

Set forth below is information regarding shares of capital stock issued
by us within the past three years. Also included is the consideration received by us for such shares and information relating to the section
of the Securities Act, or rule of the Securities and Exchange Commission, under which exemption from registration was claimed.

Amounts below are in thousands except share amounts and per share data or where we use the word “million.”

(a) Issuance of Capital Stock.

PIPE Subscription Agreements

Contemporaneously with the execution of the Merger Agreement, CF III entered
into separate PIPE Subscription Agreements in a private placement with a number of PIPE investors, pursuant to which the PIPE Investors
agreed to purchase, and CF III agreed to sell to the PIPE Investors, an aggregate of 22,000,000 shares of Common Stock, for a purchase
price of $10.00 per share and an aggregate purchase price of $220 million. CF III also entered into a PIPE Subscription Agreement for
500,000 shares of Common Stock, for a purchase price of $10.00 per share and an aggregate purchase price of $5 million with an investor
who defaulted on the Closing Date under the PIPE Subscription Agreement. The Company plans to aggressively pursue its available remedies
with respect to such investor.

In accordance with the terms of the PIPE Subscription Agreements, on August
16, 2021 the Company issued 22,000,000 unregistered securities to the PIPE Investors. The shares of Common Stock issued pursuant to the
Subscription Agreements were not registered under the Securities Act and were issued in reliance upon the exemption provided
in Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.

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This summary is qualified in its entirety by reference to the PIPE