AEye Files Form S-3 Shelf Registration Statement
15 Septiembre 2023 - 4:18PM
Business Wire
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high
performance lidar solutions, today announced that it has filed a
shelf registration statement on Form S-3 with the Securities and
Exchange Commission (“SEC”). Under the shelf registration
statement, AEye may offer and sell, from time to time, up to $200
million in primary capital in one or more offerings over the next
three years after the registration statement is declared effective
by the SEC. The capital raises could include common stock,
preferred stock, debt securities, warrants, rights, and/or
units.
If AEye decides to raise capital in a future offering using the
shelf registration statement, AEye will describe the specific
details of that future offering in a prospectus supplement that is
filed with the SEC. AEye is not selling any securities from the
shelf registration statement at this time. AEye believes that a
shelf registration on Form S-3 will provide it with the flexibility
it may need to raise capital in the future.
“As we previously announced, AEye is in the process of
responding to six RFQs through Continental and has been named as a
finalist for two of the six RFQs; we expect those award decisions
by the end of the year. We are also bidding on other high-volume
production orders and our pipeline of RFQs represents a sizable
revenue opportunity for AEye,” said Matt Fisch, Chief Executive
Officer of AEye.
“Having made significant progress in streamlining our cost
structure while maintaining a healthy balance sheet, we are in good
shape to execute our near-term objectives. Looking ahead, we
believe having the ability to access additional capital is a
prudent move to support the seamless execution of major contract
awards.”
The registration statement on Form S-3 has been filed with the
SEC but is not yet effective. These securities may not be sold nor
may offers to buy be accepted under the Form S-3 registration
statement prior to the time the Form S-3 registration statement
becomes effective. This press release shall not constitute an offer
to sell nor the solicitation of an offer to buy the securities that
are proposed to be registered on the Form S-3, nor shall there be
any sale of such securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Any
offer of securities will occur solely by means of the prospectus
included in the registration statement and one or more prospectus
supplements that would be issued at the time of the offering.
About AEye
AEye’s unique software-defined lidar solution enables advanced
driver-assistance, vehicle autonomy, smart infrastructure, and
logistics applications that save lives and propel the future of
transportation and mobility. AEye’s 4Sight™ Intelligent Sensing
Platform, with its adaptive sensor-based operating system, focuses
on what matters most: delivering faster, more accurate, and
reliable information. AEye’s 4Sight™ products, built on this
platform, are ideal for dynamic applications which require precise
measurement imaging to ensure safety and performance. AEye has a
global presence through its offices in Germany, Korea, and the
United States.
Forward-Looking
Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements within the meaning
of the federal securities laws, including the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are sometimes
accompanied by words such as “believe,” “continue,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,”
“potential,” “seem,” “seek,” “outlook,” and similar expressions
that predict or indicate future events or trends, or that are not
statements of historical matters. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Forward looking
statements included in this press release include statements about
AEye’s shelf registration statement and AEye’s status with respect
to certain automotive series production awards, among others. These
statements are based on various assumptions, whether or not
identified in this press release. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as and must not be relied on by an investor as a guarantee,
an assurance, a prediction, or a definitive statement of fact or
probability. Actual events and circumstances are very difficult or
impossible to predict and will differ from the assumptions. Many
actual events and circumstances are beyond the control of AEye.
Many factors could cause actual future events to differ from the
forward-looking statements in this press release, including but not
limited to: (i) the risks that market conditions do not permit AEye
to offer or sell some or any of the $200 million in primary capital
referenced in the Form S-3; (ii) the risks that the SEC does not
declare AEye’s Form S-3 to be effective; (iii) the risks that AEye,
despite being named a finalist for two automotive series production
awards, may not be awarded one or both of the anticipated series
production awards; (iv) the risks that the pipeline of RFQs,
representing a sizable revenue opportunity, may not materialize in
the time frame anticipated, or at all; (v) the risks that the
progress may not continue throughout 2023 or beyond to the extent
anticipated, or at all; (vi) the risks that lidar adoption occurs
slower than anticipated or fails to occur at all; (vii) the risks
that AEye is unable to adequately implement business plans,
forecasts, and other expectations, and identify and realize
additional opportunities; and (viii) the risks of economic
downturns and a changing regulatory landscape in the highly
competitive and evolving industry in which AEye operates. These
risks and uncertainties may be amplified by the lingering effects
of the COVID-19 pandemic, which continues to cause significant
economic uncertainty. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of the periodic report that AEye has most recently filed
with the U.S. Securities and Exchange Commission, or the SEC, and
other documents filed by us or that will be filed by us from time
to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made.
Readers are cautioned not to put undue reliance on
forward-looking statements; AEye assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. AEye gives no assurance that AEye will achieve any of
its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20230915200816/en/
Jennifer Deitsch AEye, Inc. jennifer@aeye.ai 925-400-4366
Evan Niu, CFA Financial Profiles, Inc. aeye@finprofiles.com
310-622-8243
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