Summary by Futu AI
AEye, Inc. (AEye), a company listed on The Nasdaq Stock Market under the symbol 'LIDR', is in the midst of an ongoing offering and resale of up to 25,000,000 shares of common stock. The selling stockholder, New Circle Principal Investments LLC, is conducting the sale pursuant to a share purchase agreement dated July 25, 2024, as detailed in a prospectus dated August 21, 2024. Under the agreement, AEye may direct New Circle to purchase up to $50 million of its common stock. The transaction includes 225,563 Commitment Shares issued to New Circle for its commitment to purchase AEye's stock. While AEye may receive gross proceeds up to $50 million from the stock sales to New Circle, it will not benefit financially from New Circle's resale of...Show More