AEye, Inc. Files S-1 with SEC
Ticker: LIDRW · Form: S-1 · Filed: Aug 5, 2024 · CIK: 1818644
Sentiment: neutral
Topics: sec-filing, s-1, company-update
TL;DR
AEye filed its S-1, check financials for the auto tech company.
AI Summary
AEye, Inc. filed an S-1 form on August 5, 2024, detailing its financial status. The company, formerly CF Finance Acquisition Corp. III, is incorporated in Delaware and operates in the motor vehicle parts and accessories sector. Its principal business address is in Pleasanton, California.
Why It Matters
This S-1 filing provides crucial financial and operational details for AEye, Inc., offering insights into its current standing and future prospects for investors and stakeholders.
Risk Assessment
Risk Level: medium — S-1 filings often indicate a company is seeking to raise capital or undergo significant financial changes, which inherently carries risk.
Key Numbers
- 600,000,000 — Authorized Shares (Indicates the total number of shares the company is authorized to issue.)
- 6,503,019 — Common Shares Outstanding (Represents the number of common shares currently held by shareholders.)
- 5,436,637 — Common Shares Outstanding (Previous Period) (Shows a comparison of shares outstanding from a prior period.)
Key Players & Entities
- AEye, Inc. (company) — Filer of the S-1 document
- CF Finance Acquisition Corp. III (company) — Former name of AEye, Inc.
- August 5, 2024 (date) — Filing date of the S-1
- Delaware (location) — State of incorporation
- Pleasanton, California (location) — Business address
FAQ
What is the primary purpose of this S-1 filing for AEye, Inc.?
The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public, often indicating a potential offering or significant corporate action.
When was AEye, Inc. previously known by another name?
AEye, Inc. was formerly known as CF Finance Acquisition Corp. III, with a name change date of July 17, 2020.
In which industry sector does AEye, Inc. operate?
AEye, Inc. operates in the MOTOR VEHICLE PARTS & ACCESSORIES sector, with SIC code 3714.
What is the fiscal year end for AEye, Inc.?
The fiscal year end for AEye, Inc. is December 31.
What is the filing date and accession number for this S-1 document?
The filing date is August 5, 2024, and the accession number is 0001437749-24-024559.
Filing Stats: 4,525 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2024-08-05 06:19:47
Key Financial Figures
- $50 million — w Circle. However, we may receive up to $50 million in aggregate gross proceeds from sales
- $1.41 — e closing price of our Common Stock was $1.41 per share. __________________________
Filing Documents
- lidr-20240331.htm (S-1) — 3283KB
- ex_707672.htm (EX-FILING FEES) — 38KB
- ex_708046.htm (EX-5.1) — 16KB
- ex_708047.htm (EX-23.1) — 2KB
- shear.jpg (GRAPHIC) — 3KB
- 0001437749-24-024559.txt ( ) — 16422KB
- lidr-20240331.xsd (EX-101.SCH) — 130KB
- lidr-20240331_cal.xml (EX-101.CAL) — 121KB
- lidr-20240331_def.xml (EX-101.DEF) — 897KB
- lidr-20240331_lab.xml (EX-101.LAB) — 552KB
- lidr-20240331_pre.xml (EX-101.PRE) — 986KB
- lidr-20240331_htm.xml (XML) — 2560KB
RISK FACTORS
RISK FACTORS 9 THE NEW CIRCLE TRANSACTION 35
USE OF PROCEEDS
USE OF PROCEEDS 38 DIVIDEND POLICY 39 MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 40
BUSINESS
BUSINESS 52 MANAGEMENT 58
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 61 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 69 PRINCIPAL STOCKHOLDERS 71 SELLING STOCKHOLDERS 72
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 73 PLAN OF DISTRIBUTION 76 LEGAL MATTERS 78 EXPERTS 78 WHERE YOU CAN FIND MORE INFORMATION 79 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 Table of Contents ABOUT THIS PROSPECTUS This prospectus is part of a registration statement that we filed with the U.S. Securities and Exchange Commission, or the SEC on Form S-1. 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 the Selling Stockholder, although we will receive proceeds from sales of our Common Stock to New Circle that we may make pursuant to the Purchase Agreement, as described in this prospectus. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating to these offerings. The prospectus supplement or post-effective amendment may also add, update, or change information contained in this prospectus with respect to that offering. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or post-effective amendment, you should rely on the prospectus supplement or post-effective amendment, as applicable. Before purchasing any of our securities, you should carefully read this prospectus, any post-effective amendment, and any applicable prospectus supplement, together with the additional information described under the heading " Where You Can Find More Information ." Neither we nor the Selling Stockholder have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus, any post-effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have referred you. We and the Selling Stockholder take no responsibility for and can provide no assurance as to the reliability of any other informati