Summary by Futu AI
AEye, Inc., a technology company based in Dublin, California, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on June 18, 2024. The filing is intended to register additional shares for the company's 2021 Equity Incentive Plan and 2022 Employee Stock Purchase Plan, following an annual increase as stipulated by the plans' provisions. Specifically, AEye is registering 189,299 additional shares for the 2021 Equity Incentive Plan and 63,099 additional shares for the 2022 Employee Stock Purchase Plan, effective January 1, 2024. This action follows a 1-for-30 reverse stock split that AEye effected on December 27, 2023. The reverse stock split adjusted the total number of shares reserved under both plans, and the newly registered shares are of the same class as those previously registered. The filing incorporates by reference AEye's previous filings, including its annual report on Form 10-K for the fiscal year ended December 31, 2023.