Lidar Solutions Company Announces Common Stock Purchase Agreement: Up To $50 Million

On July 30, 2024, AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, announced that it has entered into a common stock purchase agreement with New Circle Principal Investments LLC ("New Circle"), an affiliate of New Circle Capital LLC. This agreement provides AEye with the right, but not the obligation, to sell up to $50 million of its common stock to New Circle over a 36-month term. This financial arrangement, referred to as the Equity Reserve Facility, represents a strategic move designed to extend AEye's operational runway and support its growth initiatives. $AEye (LIDR.US)$