AEye raises ~$2.5M in registered direct offering of 727,706 shares at $3.4480/share

AEye, Inc.

Gross proceeds of $2.51M from sale of 727,706 shares at $3.4480 per share.
Offering expected to close May 30, 2024, subject to customary conditions.
Net proceeds will be used for working capital and general corporate purposes.
Executive officers and directors agreed to 30-day lock-up on stock sales.

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