AEye, Inc. (AEye), a provider of high-performance, active lidar systems technology, has announced a registered direct offering of 727,706 shares of its common stock at a price of $3.4480 per share to an institutional investor. The offering is pursuant to a prospectus supplement and the accompanying prospectus dated September 15, 2023. The shares were offered directly to the investor without the involvement of a placement agent, underwriter, broker, or dealer. The offering is expected to close on or about May 31, 2024, with the company expecting to raise approximately $2.51 million before expenses. AEye intends to use the net proceeds for working capital and general corporate purposes. The company is an 'emerging growth company' and has elected to comply with reduced public company reporting requirements. The last reported sale price of AEye's common stock on The Nasdaq Capital Market was $4.31 per share as of May 29, 2024.

AEye, Inc. (AEye), a provider of high-performance, active lidar systems technology, has announced a registered direct offering of 727,706 shares of its common stock at a price of $3.4480 per share to an institutional investor. The offering is pursuant to a prospectus supplement and the accompanying prospectus dated September 15, 2023. The shares were offered directly to the investor without the involvement of a placement agent, underwriter, broker, or dealer. The offering is expected to close on or about May 31, 2024, with the company expecting to raise approximately $2.51 million before expenses. AEye intends to use the net proceeds for working capital and general corporate purposes. The company is an 'emerging growth company' and has elected to comply with reduced public company reporting requirements. The last reported sale price of AEye's common stock on The Nasdaq Capital Market was $4.31 per share as of May 29, 2024.