AEye effects 1-for-30 reverse stock split; shares trade split-adjusted Dec 27

AEye, Inc.

Reverse stock split at 1-for-30 ratio became effective at 4:09 p.m. ET on Dec 26, 2023.
Common stock (LIDR) began trading on split-adjusted basis Dec 27, 2023 under new CUSIP 008183204.
Fractional shares will be aggregated, sold, and proceeds distributed pro rata to entitled stockholders.
Outstanding equity awards, warrants, and convertible securities are proportionally adjusted with rounded exercise prices.
Warrants (LIDRW) continue trading on Nasdaq; number of shares issuable on exercise proportionally decreased.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

AEye, Inc.: On December 26, 2023, AEye, Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect a one-for-thirty reverse stock split of its common stock, effective December 26, 2023 (effective 2023-12-26).

Change: charter amendment
Effective: 2023-12-26

Exact text from the filing

On December 26, 2023, AEye, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Certificate of Amendment ”) to the Company’s Second Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a one-for-thirty reverse stock split (the “ Reverse Stock Split ”) of the issued shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”). The Reverse Stock Split became effective at 4:09 p.m. Eastern Time on December 26, 2023 (the “ Effective Time ”) in accordance with the terms of the Certificate of Amendment.

View on SEC.gov

Browse all governance changes →

AEye, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-23-001187

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.