AEye Inc (LIDR) has provided an announcement.
AEye, Inc. has entered into agreements with New Circle Principal Investments LLC, enabling New Circle to purchase up to $50 million of AEye’s common stock. This investment opportunity, which is subject to certain conditions and market factors, provides AEye with flexible funding options to support its expansion, particularly into the Chinese lidar market. The deal also includes agreements on registration rights and sales limitations, ensuring that New Circle can resell AEye stock and adheres to ownership caps. AEye anticipates using any proceeds to bolster its working capital and overall corporate growth.
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