---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-23-000938"
form_type: "8-K"
ticker: "LIDR"
cik: "0001818644"
company_name: "AEye, Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:34:13.200384+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AEye receives Nasdaq delisting notice after audit committee vacancy from director resignation

## Summary
- Received Nasdaq notice on Sep 13, 2023 for non-compliance with Listing Rule 5605 (independent audit committee).
- Audit committee fell below three members after Wen H. Hsieh resigned effective Aug 15, 2023.
- Cure period until earlier of next annual meeting or Aug 15, 2024 (or Feb 12, 2024 if meeting early).
- No immediate effect on listing; common stock continues trading under LIDR.
- Company plans to use cure period and evaluate board composition to regain compliance.

## SEC filing metadata
- accession: 0000947871-23-000938
- form_type: 8-K
- ticker: LIDR
- cik: 0001818644
- company_name: AEye, Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000938/0000947871-23-000938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000938/ss2493038_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-23-000938
- JSON: https://secwatch.observer/filing/0000947871-23-000938.json
- Plain text: https://secwatch.observer/filing/0000947871-23-000938.txt

## Key facts
- Listing & Compliance Notices
  AEye, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605, 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605, 5605(c)(4)
  source text: September 13, 2023, AEye, Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (the “Nasdaq”) stating that, as a result of the previously disclosed resignation of Wen H. Hsieh from the Board of Directors of the Company (the “Board”) and the Audit Committee of the Board (the “Audit Committee”), effective August 15, 2023, the Company is no longer in compliance with Nasdaq Listing Rule 5605, which, in relevant part, requires the Audit Committee to consist of at least three members, each of whom must be an independent director under the Nasdaq Listing Rules and me
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000938/0000947871-23-000938-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.