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Recapitalization (Tables) | 12 Months Ended
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Dec. 31, 2021
Reverse Recapitalization [Abstract] |
Schedule of Reverse Recapitalization | The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows and the consolidated statements of changes in stockholders’ deficit for period ended December 31, 2021 (in thousands, except share data):
Cash—CF III’s trust and cash (net of redemption) |  | $ | 36,811 |
Cash—Private offering |  |  | 220,000 |
Less: transaction costs and advisory fees paid |  |  | (52,661 | )
Net Business Combination and private offering |  | $ | 204,150 |
The number of shares of common stock issued immediately following the closing of the Business Combination were:
CF III Class A common stock, outstanding prior to Business Combination |  |  | 23,000,000 |
Less: redemption of CF III Class A common stock |  |  | 19,355,365 |
Class A common stock of CF III |  |  | 3,644,635 |
CF III founder shares |  |  | 5,750,000 |
CF III Private Placement shares |  |  | 500,000 |
CF III Shares issued in PIPE |  |  | 22,000,000 |
Business Combination and PIPE shares |  |  | 31,894,635 |
Legacy AEye shares |  |  | 122,509,667 |
August 16, 2021 |  |  | 154,404,302 |
The number of Legacy AEye shares was determined as follows:
|  | AEye shares |  |  | AEye shares, effected for Exchange Ratio |
Balance at December 31, 2019 |  |  | 11,283,838 |  |  |  | 41,984,908 |
Recapitalization applied to Redeemable Convertible preferred stock outstanding at December 31, 2019 |  |  | 16,383,725 |  |  |  | 60,960,574 |
Exercise of common stock options—2020 |  |  | 504,524 |  |  |  | 1,877,233 |
Repurchase of common stock—2020 |  |  | (950,352 | ) |  |  | (3,536,070 | )
Exercise of common stock options—2021 (pre-Closing) |  |  | 54,859 |  |  |  | 204,119 |
Conversion of Convertible Notes and Accrued Interest—2021 |  |  | 5,584,308 |  |  |  | 20,778,097 |
Exercise of common stock and Series A preferred stock warrants—2021 |  |  | 64,719 |  |  |  | 240,806 |
Total |  |  |  |  |  |  | 122,509,667 |

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