---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-25-000004"
form_type: "8-K"
ticker: "LIDR"
cik: "0001818644"
company_name: "AEye, Inc."
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T15:19:27.691035+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AEye enters $3.24M convertible note and warrant financing with institutional investor

## Summary
- Issues senior unsecured convertible note of $3.24M at 7.4% OID (purchase price $3.00M), 7% interest, 18-month term.
- Conversion price set at $2.22 per share; company may pay installments in cash or stock based on VWAP.
- Warrant to purchase 805,263 shares at $2.22, exercisable after 6 months and 1 day for 4 years.
- Note contains monthly installment redemption; equity issuance capped by Nasdaq Listing Rule 5635(d) unless shareholder approval obtained.
- Company agrees to register resale of conversion and warrant shares under Registration Rights Agreement.

## SEC filing metadata
- accession: 0000947871-25-000004
- form_type: 8-K
- ticker: LIDR
- cik: 0001818644
- company_name: AEye, Inc.
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/0000947871-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-25-000004
- JSON: https://secwatch.observer/filing/0000947871-25-000004.json
- Plain text: https://secwatch.observer/filing/0000947871-25-000004.txt

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