PLEASANTON, CA - AEye, Inc. (NASDAQ:LIDR), a manufacturer in the motor vehicle parts and accessories sector, announced today an amendment to its existing Sales Agreement with A.G.P./Alliance Global Partners (NYSE:GLP). The amendment increases the maximum number of shares of common stock the company can issue and sell to $15,291,500.
This move comes after AEye filed Amendment No. 2 to the Prospectus Supplements to adjust the amount of Placement Shares available under the At Market Issuance Sales Agreement. The agreement, originally dated September 12, 2024, is part of the company's strategy to raise capital through the sale of common stock in the open market.
The sale of Placement Shares by AEye will be conducted under the company's registration statement on Form S-3, which was filed on September 15, 2023, and declared effective on September 26, 2023. The registration statement has been supplemented and amended by prospectus supplements dated September 13, 2024, December 30, 2024, and January 7, 2025, in addition to the most recent amendment.
AEye's common stock, with a par value of $0.0001 per share, and warrants to receive one share of common stock are both listed on The Nasdaq Stock Market LLC under the symbols "LIDR" and "LIDRW," respectively.
The legal opinion regarding the issuance of the Placement Shares was provided by Allen Overy Shearman Sterling US LLP, as filed with the Securities and Exchange Commission.
This announcement does not represent an offer to sell or a solicitation of an offer to buy any shares of common stock. Such offers, solicitations, or sales must comply with all applicable state and jurisdictional securities laws and regulations prior to registration or qualification.
The information reported is based on the statements provided in the SEC filing by AEye, Inc. on January 23, 2025.
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