AEye, Inc. Files Material Definitive Agreement 8-K
Ticker: LIDRW · Form: 8-K · Filed: May 29, 2024 · CIK: 1818644
Sentiment: neutral
Topics: material-definitive-agreement, corporate-filing
TL;DR
AEye just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
On May 29, 2024, AEye, Inc. filed an 8-K report detailing a material definitive agreement. The company, previously known as CF Finance Acquisition Corp. III, is incorporated in Delaware and operates in the motor vehicle parts and accessories sector.
Why It Matters
This filing indicates a significant new contract or partnership for AEye, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks and opportunities, making the company's future performance uncertain.
Key Numbers
- 001-39699 — SEC File Number (Identifies AEye, Inc.'s filing with the SEC.)
- 37-1827430 — IRS Employer Identification No. (AEye, Inc.'s tax identification number.)
Key Players & Entities
- AEye, Inc. (company) — Registrant
- CF Finance Acquisition Corp. III (company) — Former company name
- May 29, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 3714 (sic_code) — Standard Industrial Classification for Motor Vehicle Parts & Accessories
FAQ
What is the nature of the material definitive agreement filed by AEye, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 29, 2024.
What was AEye, Inc.'s former company name?
AEye, Inc.'s former company name was CF Finance Acquisition Corp. III.
In which state is AEye, Inc. incorporated?
AEye, Inc. is incorporated in Delaware.
What is AEye, Inc.'s Standard Industrial Classification (SIC) code?
AEye, Inc.'s SIC code is 3714, which corresponds to Motor Vehicle Parts & Accessories.
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-05-29 17:28:12
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share LIDR The Nasdaq Stock Marke
- $3.4480 — ompany at a per share purchase price of $3.4480 for gross proceeds of approximately $2.
- $2.51 m — 480 for gross proceeds of approximately $2.51 million, before deducting estimated offer
Filing Documents
- ss3445330_8k.htm (8-K) — 33KB
- ss3445330_ex1001.htm (EX-10.1) — 215KB
- ss3445330_ex1002.htm (EX-10.2) — 25KB
- 0000947871-24-000541.txt ( ) — 555KB
- lidr-20240529.xsd (EX-101.SCH) — 4KB
- lidr-20240529_def.xml (EX-101.DEF) — 26KB
- lidr-20240529_lab.xml (EX-101.LAB) — 36KB
- lidr-20240529_pre.xml (EX-101.PRE) — 25KB
- ss3445330_8k_htm.xml (XML) — 6KB
01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Securities Purchase Agreement On May 29, 2024, AEye, Inc. (the " Company ") entered into a Securities Purchase Agreement (the " Purchase Agreement ") with certain institutional investors (the " Investors ") pursuant to which the Company agreed to issue and sell, in a registered direct offering, an aggregate of 727,706 shares (the " Shares ") of common stock, par value $0.0001 per share, of the Company at a per share purchase price of $3.4480 for gross proceeds of approximately $2.51 million, before deducting estimated offering expenses payable by the Company (the " Offering "). Pursuant to the Purchase Agreement, certain of the Company's executive officers and directors agreed to enter into customary lock-up agreements (the " Lock-Up Agreement ") pursuant to which they agreed, for a period of thirty (30) days following the closing date of the Offering, subject to certain exceptions, not to sell or transfer any shares of common stock beneficially owned by them or securities that are convertible into, or exchangeable or exercisable for, shares of common stock, subject to certain exceptions. The Company is offering the Shares pursuant to an effective shelf registration statement on Form S-3 (File No. 333-274546) which was declared effective by the Securities and Exchange Commission on September 26, 2023. The foregoing descriptions of the Purchase Agreement and the Lock-Up Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are attached hereto as Exhibit 10.1 and Exhibit 10.2 and are incorporated herein by reference. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes. The Purchase Agreement contains customary representations and warranties and conditions to closing. This Offering is expected to close on or about May 30, 2024,
01
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Form of Securities Purchase Agreement, dated May 29, 2024, between AEye, Inc. and the Purchasers.* 10.2 Form of Lock-Up Agreement* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to provide on a supplemental basis an unredacted copy of the exhibit to the Securities and Exchange Commission upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AEye, Inc. Dated: May 29, 2024 By: /s/ Andrew S. Hughes Andrew S. Hughes Senior Vice President, General Counsel & Corporate Secretary