AEye, Inc. Files 8-K: Material Definitive Agreement
Ticker: LIDRW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1818644
Sentiment: neutral
Topics: material-definitive-agreement, filing
TL;DR
AEye just signed a big deal, filing an 8-K with new agreements and exhibits.
AI Summary
On September 12, 2024, AEye, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits. AEye, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant new agreement 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 or opportunities that are not yet fully understood.
Key Players & Entities
- AEye, Inc. (company) — Registrant
- September 12, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-39699 (filing_id) — Commission File Number
- 37-1827430 (tax_id) — IRS Employer Identification No.
- 4670 Willow Road, Suite 125, Pleasanton, California 94588 (address) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by AEye, Inc. on September 12, 2024?
The filing states that AEye, Inc. entered into a Material Definitive Agreement on September 12, 2024, but the specific details of the agreement are not provided in this excerpt.
What other information is included in this 8-K filing besides the Material Definitive Agreement?
The filing also includes financial statements and exhibits.
When is AEye, Inc.'s fiscal year end?
AEye, Inc.'s fiscal year ends on December 31.
In which state is AEye, Inc. incorporated?
AEye, Inc. is incorporated in Delaware.
What is the Commission File Number for AEye, Inc.?
The Commission File Number for AEye, Inc. is 001-39699.
Filing Stats: 1,169 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-09-12 20:00:01
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share LIDR The Nasdaq Stock Marke
- $2,600,000 — ng an aggregate offering price of up to $2,600,000 (the " Placement Shares "). The Placeme
- $50,000 — xpenses, in an amount not to exceed (a) $50,000 in connection with the execution and im
- $5,000 — on of the Sales Agreement and (b) up to $5,000 per calendar quarter thereafter pursuan
- $15,000 — s of the Sales Agreement, not to exceed $15,000 per fiscal year, in connection with any
Filing Documents
- ss3860903_8k.htm (8-K) — 38KB
- ss3860903_ex0101.htm (EX-1.1) — 208KB
- ss3860903_ex0501.htm (EX-5.1) — 15KB
- image_001.jpg (GRAPHIC) — 2KB
- 0000947871-24-000754.txt ( ) — 538KB
- lidr-20240912.xsd (EX-101.SCH) — 4KB
- lidr-20240912_def.xml (EX-101.DEF) — 26KB
- lidr-20240912_lab.xml (EX-101.LAB) — 36KB
- lidr-20240912_pre.xml (EX-101.PRE) — 25KB
- ss3860903_8k_htm.xml (XML) — 6KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On September 12, 2024, AEye, Inc. (the " Company ") entered into an At Market Issuance Sales Agreement (the " Sales Agreement ") with A.G.P./Alliance Global Partners (" A.G.P. "). In accordance with the terms of the Sales Agreement, the Company may offer and sell from time to time through A.G.P., acting as sales agent, the Company's common stock having an aggregate offering price of up to $2,600,000 (the " Placement Shares "). The Placement Shares will be issued pursuant to the Company's shelf registration statement on Form S-3 (Registration No. 333-274546). The Company filed a prospectus supplement dated September 13, 2024, with the Securities and Exchange Commission in connection with the offer and sale of the Placement Shares. The Company expects that any proceeds received from the facility will be used for working capital and general corporate purposes to support its future growth, including further go-to-market enhancements of the Apollo product and further penetration into the Chinese lidar market. Under the terms and subject to the conditions of the Sales Agreement, the Company will set the parameters for the sale of shares, including the number or dollar amount of Placement Shares to be issued, the time period during which sales are requested to be made, any limitation on the number or dollar amount of Placement Shares that may be sold in any one Trading Day and any minimum price below which sales may not be made. Sales of Placement Shares, if any, will be made by any method permitted by law deemed to be an "at-the-market offering" as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made directly on or through The Nasdaq Capital Market, the trading market for the Company's common stock, sales made to or through a market maker other than on an exchange or otherwise, in negotiated transactions at market prices, and/or any other method permitted by law. The S
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 At Market Issuance Sales Agreement by and between AEye, Inc. and A.G.P./Alliance Global Partners, dated September 12, 2024. 5.1 Opinion of Allen Overy Shearman Sterling US LLP. 23.1 Consent of Allen Overy Shearman Sterling US LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
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: September 13, 2024 By: /s/ Andrew S. Hughes Andrew S. Hughes Senior Vice President, General Counsel & Corporate Secretary