Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 2
---
,000,000 shares of our common stock, par value $0.0001 per share, by the Selling Stockholder identified in this prospectus. Since
then, 3,480,713 shares have been sold, including 225,563 Commitment Shares.

This Post-Effective Amendment No. 1 to Form
S-1 on Form S-3 (“Post-Effective Amendment No. 1”) is being filed by the Company to convert the registration statement
on Form S-1 into a registration statement on Form S-3 and to make certain updates and corresponding changes to the Registration Statement.

No additional securities are being registered
under this Post-Effective Amendment No. 1. All applicable registration fees were paid at the time of the original filing of the Registration
Statement.

The information in this prospectus is not complete and may be changed. The Selling Stockholder may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities , and it is not soliciting offers to buy these securities in any jurisdiction where such offer or sale is not permitted.

<div align='center'>Subject to Completion, dated May 9, 2025</div>

PROSPECTUS

<div align='center'>AEYE, INC.

Up to 25,000,000 Shares of Common Stock

________________________</div>

This prospectus relates to the offer and resale of up to 25,000,000
shares of common stock of AEye, Inc. (the “Common Stock”) by New Circle Principal Investments LLC, a Delaware limited liability
company (the “Selling Stockholder” or “New Circle”) , par value $0.0001 per share . The shares of Common
Stock being offered by New Circle have been and may be issued pursuant to the share purchase agreement dated July 25, 2024, that we entered
into with New Circle (the “Purchase Agreement”). The shares registered for resale also include 225,563 shares of Common Stock
that we issued to New Circle as consideration for its commitment to purchase our Common Stock pursuant to the Purchase Agreement (the
“Commitment Shares”). We are not selling any securities under this prospectus and will not receive any of the proceeds from
the sale of our Common Stock by New Circle. However, we may receive up to $ 50.0 million in aggregate gross proceeds under the
Purchase Agreement . See the sections entitled “The New Circle Transaction”