On May 29, 2024, AEye, Inc., a technology company listed on the Nasdaq Stock Market under the symbol LIDR, announced the entry into a Securities Purchase Agreement with certain institutional investors. The agreement outlines the sale of 727,706 shares of common stock at a price of $3.4480 per share, aiming to raise approximately $2.51 million in gross proceeds before expenses. The transaction is part of a registered direct offering and is backed by an effective shelf registration statement previously declared by the SEC. Additionally, AEye's executive officers and directors have entered into a 30-day lock-up agreement, restricting the sale of their shares post-offering, with certain exceptions. The company plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on May 30, 2024, subject to standard closing conditions.

On May 29, 2024, AEye, Inc., a technology company listed on the Nasdaq Stock Market under the symbol LIDR, announced the entry into a Securities Purchase Agreement with certain institutional investors. The agreement outlines the sale of 727,706 shares of common stock at a price of $3.4480 per share, aiming to raise approximately $2.51 million in gross proceeds before expenses. The transaction is part of a registered direct offering and is backed by an effective shelf registration statement previously declared by the SEC. Additionally, AEye's executive officers and directors have entered into a 30-day lock-up agreement, restricting the sale of their shares post-offering, with certain exceptions. The company plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on May 30, 2024, subject to standard closing conditions.