AEye terminates $50M New Circle equity line, increases ATM capacity by $50M to boost liquidity by ~$28M

AEye, Inc.

Terminated $50M Share Purchase Agreement with New Circle Principal Investments; effective Dec 17, 2025; no outstanding borrowings or fees.
Filed Amendment No. 5 to ATM Sales Agreement with A.G.P./Alliance Global Partners, increasing maximum offering by $50M to $125M.
Net liquidity expected to increase by ~$28M after offsetting the terminated equity line; ~$68.4M of Placement Shares already sold under ATM.
No shares were issued or pending under the terminated agreement; termination is voluntary and supports 2026 capital optimization objectives.

item 1.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AEye, Inc. terminated Share Purchase Agreement with New Circle Principal Investments LLC (effective 2025-12-10).

Action: termination
Agreement: equity purchase
Counterparty: New Circle Principal Investments LLC
Effective: 2025-12-10

Exact text from the filing

on December 10, 2025, AEye, Inc. (the “Company”) provided the required five trading day written notice to New Circle Principal Investments LLC (“New Circle”) to effectuate the voluntary termination (the “Termination”) of the Share Purchase Agreement, dated July 25, 2024, by and between the Company and New Circle (the “Share Purchase Agreement”), pursuant to which New Circle had committed to purchase, subject to certain limitations, up to $50 million of the Company’s common stock.

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AEye, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-25-001074

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