secwatch.observer — SEC 8-K summary
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Issuer:     AEye, Inc. (LIDR)
CIK:        0001818644
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0000947871-25-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/0000947871-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-25-000004

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