--- schema_version: "secwatch.filing_event.v1" accession: "0000947871-24-000485" form_type: "8-K" ticker: "LIDR" cik: "0001818644" company_name: "AEye, Inc." filed_at: "2024-05-15T23:59:59+00:00" generated_at: "2026-06-01T23:26:45.445611+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.4 calibrated_materiality_score: 0.4 confidence: "high" source: SEC EDGAR --- # AEye raises $1M via stock and convertible note from Dowslake; shareholder vote fails to increase equity plan ## Summary - Entered securities purchase agreement with Dowslake Microsystems for $1M: 330,823 shares at $2.58/share ($853,523) and a $146,476.66 convertible note. - Convertible note bears interest at SOFR+1%, matures in 5 years, convertible into common at closing price at conversion; subject to 19.99% ownership cap. - At annual meeting, directors Gottschalk and Husby elected; Deloitte ratification approved; proposal to increase 2021 equity plan by 950,000 shares failed. - Financing expected to close May 27, 2024. ## SEC filing metadata - accession: 0000947871-24-000485 - form_type: 8-K - ticker: LIDR - cik: 0001818644 - company_name: AEye, Inc. - filed_at: 2024-05-15T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.4 - calibrated_materiality_score: 0.4 - confidence: high - sec_items: 1.01, 2.03, 3.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/0000947871-24-000485-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/ss3392133_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000947871-24-000485 - JSON: https://secwatch.observer/filing/0000947871-24-000485.json - Plain text: https://secwatch.observer/filing/0000947871-24-000485.txt ## Key facts - Shareholder Votes AEye, Inc. shareholders approved to elect two (2) Class III directors, Prof. Dr. Bernd Gottschalk and Jonathon B. Husby at the 2024-05-15 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-05-15 source text: Proposal One – to elect two (2) Class III directors, Prof. Dr. Bernd Gottschalk and Jonathon B. Husby, each to hold office until the Company’s 2027 Annual Meeting of Stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation, or removal: Nominee For Withheld Broker Non-votes Prof. Dr. Bernd Gottschalk 1,420,577 1,158,010 1,573,259 Jonathon B. Husby 1,409,240 1,169,347 1,573,259 Each nominee received the required affirmative vote of holders of a plurality of the votes cast and, therefore, each of the nominees was elected as a Class III director to hold office until the Company’s 2027 Annual Meeting of Stockholders, and until his successor is duly elected and qualified, or until his earlier death, resignation, or removal. evidence_url: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/0000947871-24-000485-index.htm - Shareholder Votes AEye, Inc. shareholders approved to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-15 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-05-15 source text: Proposal Two – to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024: For Against Abstain Broker Non-votes 2,388,236 1,518,442 245,168 0 Proposal Two required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was approved by stockholders as set forth in the table above. evidence_url: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/0000947871-24-000485-index.htm - Shareholder Votes AEye, Inc. shareholders rejected to approve an increase in the number of shares of Common Stock issuable under the Company’s 2021 Equity Incentive Plan by 950,000 shares at the 2024-05-15 meeting. - Proposal: equity plan - Outcome: failed - Meeting: 2024-05-15 source text: Proposal Three – to approve an increase in the number of shares of Common Stock issuable under the Company’s 2021 Equity Incentive Plan by 950,000 shares: For Against Abstain Broker Non-votes 1,088,914 1,273,080 216,593 1,573,259 Proposal Three required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved by stockholders as set forth in the table above. evidence_url: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/0000947871-24-000485-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.