---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-24-000640"
form_type: "8-K"
ticker: "LIDR"
cik: "0001818644"
company_name: "AEye, Inc."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:45:43.221535+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AEye secures up to $50M equity facility from New Circle Principal Investments

## Summary
- Purchase agreement provides AEye right to sell up to $50M of common stock over 36 months at VWAP minus 2.5% or 3.5% discount.
- Commitment fee of $300,000 payable in stock or cash (25% discount if cash); structuring and legal fees total $50,000.
- Proceeds to fund working capital, Chinese lidar market penetration, and Apollo product go-to-market enhancements.
- Prior agreement with Tumim Stone Capital LLC terminated concurrently.
- Issuance limited to 19.99% of outstanding shares unless average price meets Nasdaq thresholds or shareholder approval obtained.

## SEC filing metadata
- accession: 0000947871-24-000640
- form_type: 8-K
- ticker: LIDR
- cik: 0001818644
- company_name: AEye, Inc.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000640/0000947871-24-000640-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818644/000094787124000640/ss3682127_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-24-000640
- JSON: https://secwatch.observer/filing/0000947871-24-000640.json
- Plain text: https://secwatch.observer/filing/0000947871-24-000640.txt

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