<SEC-DOCUMENT>0000947871-25-000220.txt : 20250225
<SEC-HEADER>0000947871-25-000220.hdr.sgml : 20250225
<ACCEPTANCE-DATETIME>20250225060112
ACCESSION NUMBER:		0000947871-25-000220
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20250225
DATE AS OF CHANGE:		20250225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEye, Inc.
		CENTRAL INDEX KEY:			0001818644
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				371827430
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-284323
		FILM NUMBER:		25659101

	BUSINESS ADDRESS:	
		STREET 1:		4670 WILLOW ROAD, SUITE 125
		CITY:			PLEASANTON
		STATE:			CA
		ZIP:			94588
		BUSINESS PHONE:		925-400-4366

	MAIL ADDRESS:	
		STREET 1:		4670 WILLOW ROAD, SUITE 125
		CITY:			PLEASANTON
		STATE:			CA
		ZIP:			94588

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CF Finance Acquisition Corp. III
		DATE OF NAME CHANGE:	20200717
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>ss4488180_s1a.htm
<DESCRIPTION>AMENDMENT NO. 1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on February 24, 2025</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Registration No. 333-</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;<B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT NO. 1 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>to</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM S-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>UNDER</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>THE SECURITIES ACT OF 1933</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font-size: 10pt; width: 70%">
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 18pt"><B>AEYE, INC. </B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Exact name of registrant as specified in its charter)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;<B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font-size: 10pt; width: 80%">
  <TR>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>3714</B></FONT></TD>
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>37-1827430</B></FONT></TD></TR>
  <TR>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or other jurisdiction of</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>incorporation or organization)</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Primary Standard Industrial Classification</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Code Number)</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(I.R.S. Employer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Identification No.)</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>4670 Willow Road, Suite 125<BR>
    Pleasanton, CA 94588<BR>
    (925) 400-4366</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Address, including zip code, and telephone number,
    including area code, of principal executive offices)</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Matthew Fisch</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Chief Executive Officer </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>4670 Willow Road, Suite 125<BR>
    Pleasanton, CA 94588<BR>
    (925) 400-4366</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Name, address, including zip code, and telephone
    number, including area code, of agent for service)</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>________________________</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Copies to:</I></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Chris Forrester</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Yian Huang</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Allen Overy Shearman Sterling US LLP </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1460 El Camino Real, Floor 2 </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Menlo Park, CA 94025 </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Tel: (650) 838-3600</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Approximate date of commencement of proposed sale
to the public:</B> From time to time after this registration statement becomes effective, as determined by the Selling Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 33.75pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If any of the securities being registered on this Form are to be offered
on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. <FONT STYLE="font-family: Segoe UI Emoji,sans-serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of
the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Segoe UI Emoji,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration
statement for the same offering. <FONT STYLE="font-family: Segoe UI Emoji,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration
statement for the same offering. <FONT STYLE="font-family: Segoe UI Emoji,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large
accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221;
in Rule 12b-2 of the Exchange Act.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR>
    <TD><FONT STYLE="font-size: 10pt">Large accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-family: Segoe UI Emoji,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-family: Segoe UI Emoji,sans-serif; font-size: 10pt">&#9744;</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-size: 10pt">Non-accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-family: Segoe UI Emoji,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Smaller reporting company</FONT></TD>
    <TD><FONT STYLE="font-family: Segoe UI Emoji,sans-serif; font-size: 10pt">&#9746;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Emerging growth company</FONT></TD>
    <TD><FONT STYLE="font-family: Segoe UI Emoji,sans-serif; font-size: 10pt">&#9746;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of the Securities Act. <FONT STYLE="font-family: Segoe UI Emoji,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>The Registrant hereby amends this Registration Statement on such date
or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states
that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended,
or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to
said Section 8(a), may determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red"><B>The information in this prospectus
is not complete and may be changed. The Selling Stockholders may not sell these securities until the registration statement filed with
the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities, and it is not soliciting
offers to buy these securities in any jurisdiction where such offer or sale is not permitted.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"> <B>Subject to Completion, dated&nbsp;February
24, 2025</B> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PROSPECTUS</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>AEYE, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Up to 9,638,718 Shares of Common Stock</B> <B>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Offered by the Selling Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"> This prospectus relates to the offer and resale of up to 9,638,718
shares of our common stock, par value $0.0001 per share (the &ldquo;Common Stock&rdquo;) by certain selling stockholders named herein
(the &ldquo;Selling Stockholders&rdquo;). The shares of Common Stock being offered by the Selling Stockholders have been and may be issued
pursuant to certain securities purchase agreements that we entered into with each Selling Stockholder. The shares registered for resale
include (a) 330,823 shares of Common Stock that we issued to a Selling Stockholder pursuant to the Dowslake Purchase Agreement (as defined
below) and (b) 9,307,985 shares of Common Stock issuable upon the conversion of the Convertible Note (as defined below) or exercise of
the Warrant (as defined below) issued to a Selling Stockholder. We are not selling any securities under this prospectus and will not
receive any of the proceeds from the sale of our Common Stock by the Selling Stockholders, although we will receive the exercise price
of the Warrant exercised by the Selling Stockholders for cash. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We are registering the offer and resale of the Common Stock held by the
Selling Stockholders to satisfy the registration rights granted to the Selling Stockholders in connection with each of the Transactions
(as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Selling Stockholders may sell, transfer or otherwise
dispose of any or all of the shares of Common Stock offered by this prospectus from time to time on The Nasdaq Capital Market or any other
stock exchange, market, or trading facility on which the shares are traded, or in private transactions. Sales of the shares of Common
Stock by the Selling Stockholders may occur at fixed prices, at prevailing market prices at the time of sale, at prices related to the
prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. The Selling Stockholders may sell
the shares of the Common Stock to or through underwriters, broker-dealers or agents, who may receive compensation in the form of discounts,
concessions or commissions from the Selling Stockholders, the purchasers of the shares, or both. If required, the number of shares to
be sold, the public offering price of those shares, the names of any underwriters, broker-dealers or agents and any applicable commission
or discount will be included in a supplement to this prospectus, called a prospectus supplement. See the disclosure under the heading
&ldquo;<I>Plan of Distribution</I>&rdquo; elsewhere in this prospectus for more information about how the Selling Stockholders may sell
or otherwise dispose of its shares hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">You should read this prospectus, the applicable prospectus
supplement and any related free writing prospectus carefully, as well as any documents incorporated by reference, before you invest in
any of the securities being offered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">We are an &ldquo;emerging growth company&rdquo; as defined in Section
2(a) of the Securities Act, and are subject to reduced public company reporting requirements. This prospectus complies with the requirements
that apply to an issuer that is an emerging growth company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> Our Common Stock is listed on The Nasdaq Stock
Market LLC (&ldquo;Nasdaq&rdquo;) under the symbols &ldquo;LIDR&rdquo;. On February 21, 2025, the closing price of our Common Stock was
$0.77 per share. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"> <B>Our business and investment in our Common Stock involve significant
risks. These risks are described in the section titled &#8220;<I><U><A HREF="#a_005">Risk Factors</A></U></I>&#8221; beginning on page
12 of this prospectus.</B> <B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any
representation to the contrary is a criminal offense. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The date of this prospectus is &nbsp;&nbsp;&nbsp;&nbsp;, 2025.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>TABLE OF CONTENTS</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_001">ABOUT THIS PROSPECTUS</A></FONT> </TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="vertical-align: top; width: 9%; text-align: right"> 4 </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_002">CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
    STATEMENTS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> 5 </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_003">PROSPECTUS SUMMARY</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> 7 </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_004">THE OFFERING</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">11</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_005">RISK FACTORS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">12</FONT> </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_006">USE OF PROCEEDS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">13</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_007">PRIVATE PLACEMENTS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">14</FONT> </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_008">SELLING STOCKHOLDERS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">17</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_009">DESCRIPTION OF CAPITAL STOCK</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">20</FONT> </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_010">PLAN OF DISTRIBUTION</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">22</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_011">LEGAL MATTERS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">24</FONT> </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_012">EXPERTS</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">24</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt"><A HREF="#a_013">WHERE YOU CAN FIND MORE INFORMATION</A></FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">25</FONT> </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"> <FONT STYLE="font-size: 10pt; text-transform: uppercase"><A HREF="#informationincbyreference">Information
    Incorporated by Reference</A> </FONT> </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">26</FONT> </TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_001" TITLE="aboutthisprospectus"></A>ABOUT THIS PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">This prospectus is part of a registration statement
that we filed with the U.S. Securities and Exchange Commission, or the SEC, using a &#8220;shelf&#8221; registration process. Under the
shelf registration process, the Selling Stockholders may, from time to time, offer and sell the shares described in this prospectus in
one or more offerings. Information about the Selling Stockholders may change over time. We will not receive any of the proceeds from the
sale of our Common Stock by the Selling Stockholders under this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">We may also file a prospectus supplement or
post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating
to these offerings. The prospectus supplement or post-effective amendment may also add, update, or change information contained in this
prospectus with respect to that offering. If there is any inconsistency between the information in this prospectus and the applicable
prospectus supplement or post-effective amendment, you should rely on the prospectus supplement or post-effective amendment, as applicable.
Before purchasing any securities, you should carefully read this prospectus, any post-effective amendment, and any applicable prospectus
supplement, together with the additional information described under the heading &#8220;<I>Where You Can Find More Information</I>&#8221;
and &#8220;<I>Information Incorporated by Reference.</I>&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Neither we nor the Selling Stockholders have
authorized anyone to provide you with any information or to make any representations other than those contained in or incorporated by
reference into this prospectus, any post-effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or
to which we have referred you. We and the Selling Stockholders take no responsibility for and can provide no assurance as to the reliability
of any other information that others may give you. The Selling Stockholders will not make an offer to sell these securities in any jurisdiction
where the offer or sale is not permitted. You should assume that the information appearing in this prospectus, any post-effective amendment
and any applicable prospectus supplement to this prospectus is accurate only as of the date on its respective cover. Our business, financial
condition, results of operations and prospects may have changed since those dates. This prospectus contains, and any post-effective amendment
or any prospectus supplement may contain, market data and industry statistics and forecasts that are based on independent industry publications
and other publicly available information. We believe this information is reliable as of the applicable date of its publication, however,
we have not independently verified the accuracy or completeness of the information included in or assumptions relied on in these third-party
publications. In addition, the market and industry data and forecasts that may be included in or incorporated by reference into this prospectus,
any post-effective amendment or any prospectus supplement may involve estimates, assumptions and other risks and uncertainties and are
subject to change based on various factors, including those discussed under the heading &#8220;<I>Risk Factors</I>&#8221; contained in
this prospectus, any post-effective amendment, the applicable prospectus supplement and otherwise incorporated by reference herein. Accordingly,
investors should not place undue reliance on this information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">We own or have rights to trademarks, trade
names and service marks that we use in connection with the operation of our business. In addition, our name, logos and website name and
address are our trademarks or service marks. Solely for convenience, in some cases, the trademarks, trade names and service marks referred
to in this prospectus are listed without the applicable <SUP>&reg;</SUP>, <SUP>&#8482;</SUP> and SM symbols, but we will assert, to the
fullest extent under applicable law, our rights to these trademarks, trade names and service marks. Other trademarks, trade names and
service marks appearing in this prospectus are the property of their respective owners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">On February&nbsp;17, 2021, AEye Technologies,
Inc., then known as AEye, Inc. (&#8220;AEye Technologies&#8221;), entered into the Agreement and Plan of Merger (the &#8220;Merger Agreement&#8221;)
with CF Finance Acquisition Corp. III, a Delaware corporation (&#8220;CF III&#8221;), now known as AEye, Inc., and Meliora Merger Sub,
Inc., a Delaware corporation and a wholly owned subsidiary of CF III (&#8220;Merger Sub&#8221;). Based on CF III&#8217;s business activities,
it was a &#8220;shell company&#8221; as defined under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;).
On August&nbsp;16, 2021 (the &#8220;Closing Date&#8221;), CF III closed the business combination (the &#8220;Merger,&#8221; and together
with the other transactions contemplated by the Merger Agreement, the &#8220;Transactions&#8221;) pursuant to the Merger Agreement, and
Merger Sub was merged with and into AEye Technologies with AEye Technologies surviving the merger as a wholly owned subsidiary of CF III.
On the Closing Date, and in connection with the closing of the Transactions (the &#8220;Closing&#8221;), CF III changed its name to AEye,
Inc. Unless otherwise stated or unless the context otherwise requires, the terms &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our&#8221;,
&#8220;AEye&#8221;, &#8220;Company&#8221;, and &#8220;post-combination entity&#8221; refer to AEye, Inc. and its subsidiaries following
the consummation of the Merger or to AEye Technologies and its subsidiaries prior to the consummation of the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_002" TITLE="cautionarystatement"></A>CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus, any accompanying prospectus supplement
and the documents incorporated by reference contains forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, or the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the Private
Securities Litigation Reform Act of 1995, or the PSLRA, or in releases made by the SEC. These cautionary statements are being made pursuant
to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the &#8220;safe harbor&#8221; provisions
of such laws. All statements other than statements of historical facts contained in this prospectus, any accompanying prospectus supplement
and the documents incorporated by reference, including statements concerning possible or assumed future actions, business strategies,
events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are forward-looking statements. These statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In many cases, you can identify forward-looking statements
by terms such as &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;could,&#8221;
&#8220;intend,&#8221; &#8220;target,&#8221; &#8220;project,&#8221; &#8220;contemplate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221;
&#8220;predict,&#8221; &#8220;potential&#8221; or &#8220;continue&#8221; or the negative of these terms or other similar expressions.
The forward-looking statements in this prospectus, any accompanying prospectus supplement and the documents incorporated by reference
are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future
events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking
statements speak only as of the date of this prospectus, any accompanying prospectus supplement and the documents incorporated by reference,
and are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking
statements, including the risks, uncertainties and assumptions described under the section in this prospectus titled &#8220;Risk Factors&#8221;
or discussed in greater detail in the documents incorporated by reference herein. These forward-looking statements are subject to numerous
risks, including, without limitation, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">We are an early stage company with a history of losses and we expect to incur significant expenses and
continuing losses for at least the next several years.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">We substantially rely on relationships with Tier 1 automotive suppliers and our business could be materially
and adversely affected if we cannot establish or maintain relationships with one or more Tier 1 partners, or if we, through our relationship
with various Tier 1 partners, are unable to obtain a sufficient number of design wins and successfully enter into definitive agreements
or other commercial arrangements with automotive OEMs with respect to such design wins.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">We will need to raise additional capital in order to execute our business plan and to respond to changing
market conditions, which additional capital may not be available on terms acceptable to us, or at all.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">If our deterministic artificial intelligence-driven sensing system is not selected for inclusion in advanced
driver-assistance systems, or ADAS, by any automotive OEMs or their suppliers, our business will be materially and adversely affected.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">We heavily rely on third-party suppliers and because some of the raw materials and key components in our
products come from limited or single source suppliers, our ability to control the costs of such components and raw materials is uncertain;
moreover, regardless of cost, we are susceptible to supply shortages, longer than anticipated lead times for components, and supply changes,
any of which could disrupt our supply chain, could delay deliveries of our products to customers, and could negatively impact the adoption
of our products and accordingly, our financial condition and operating results.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Although we believe that lidar is an essential technology for autonomous vehicles and other emerging applications,
market adoption of lidar is uncertain. If market adoption of lidar does not continue to develop, or adoption is deferred, or otherwise
develops more slowly than we expect, our business will be adversely affected.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">The complexity of our products could result in unforeseen delays or expenses from undetected defects,
errors, or reliability issues in our hardware or software which could reduce the market adoption of our products, damage our reputation
with current or prospective customers, and expose us to product liability and other claims, thereby adversely affecting our operating
costs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Shareholder activism could cause us to incur significant expense, disrupt our business, result in a proxy
contest or litigation, and impact our stock price.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Because forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should
not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking
statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements.
Moreover, we operate in an evolving environment. Some of these risks and uncertainties may in the future be amplified by the COVID-19
pandemic. Additionally, new risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict
all risk factors and uncertainties. As a result of these factors, the forward-looking statements in this prospectus, any accompanying
prospectus supplement and the documents incorporated by reference herein may not prove to be accurate. Except as required by applicable
law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information,
future events, changed circumstances, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">You should read this prospectus, any accompanying prospectus supplement
and the documents incorporated by reference herein completely and with the understanding that our actual future results may be materially
different from what we expect. We qualify all of our forward-looking statements by these cautionary statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<DIV STYLE="padding: 6pt; border: Black 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_003" TITLE="prospectussummary"></A>PROSPECTUS SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 33.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <I>This summary highlights certain information
about us, this offering and selected information contained elsewhere in or incorporated by reference into this prospectus. This summary
is not complete and does not contain all of the information that you should consider before deciding whether to invest in shares of our
Common Stock. For a more complete understanding of our Company and this offering, we encourage you to read and consider carefully the
more detailed information in this prospectus, including the information incorporated by reference in this prospectus, any subsequently
filed Annual Report on Form 10-K or Quarterly Reports on Form 10-Q and our other filings with the SEC that are incorporated by reference
into this prospectus and our financial statements and related notes incorporated by reference in this prospectus, including the information
under the heading &#8220;Risk Factors&#8221; in this prospectus on page&nbsp;12&nbsp;and in the documents incorporated by reference in
this prospectus. Please see the sections titled &#8220;Where You Can Find More Information&#8221; and &#8220;Incorporation of Certain
Information by Reference&#8221; in this prospectus.</I> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Amounts below are in thousands, except share amounts or per share data
or where we use the word &#8220;million&#8221; or &#8220;billion&#8221;.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Overview </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"> We are a provider of high-performance, active
lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. We have developed an
artificial intelligence technology that enables adaptive &#8220;intelligent sensing,&#8221; differentiating us in the marketplace from
our competition. Our proprietary 4Sight<SUP>TM</SUP> Intelligent Sensing Platform includes a solid-state software definable active lidar
sensor, an adaptive sensing SmartScan architecture to scan dynamic scenes/targets, and a sophisticated signal processing capability that
provides precise measurements and imaging for various safety-critical applications. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">We were founded in 2013 by Luis Dussan, a member
of our Board of Directors and our first Chief Executive Officer, with the goal of creating a deterministic AI-driven sensing system that
performs better than the human eye and visual cortex. Mr. Dussan&#8217;s experience developing mission-critical targeting systems for
fighter jets and ground troops on behalf of the U.S. military provided us with the background to develop a differentiated approach to
visual sensing. While traditional sensing systems passively collect data, our active 4Sight<SUP>TM</SUP> Intelligent Sensing Platform
leverages principles from automated targeting systems and biomimicry to scan the environment, while intelligently focusing on what matters
in order to enable safer, smarter, and faster decisions in complex scenarios. From our inception, our culture drew from esteemed scientists
and electro-optics engineers from the National Aeronautics and Space Administration, or NASA, Lockheed Martin Corporation, Northrop Grumman
Corporation, the U.S. Air Force, and the Defense Advanced Research Projects Agency, or DARPA, to create the highest performing sensing
and perception system for the most challenging situations, ensuring the highest levels of safety for autonomous driving.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <FONT STYLE="font-size: 10pt">As a result,
our adaptive lidar is designed to enable higher levels of autonomy and functionality - SAE Levels 2 through 5 - with the goal of
optimizing performance, power, and reducing cost. Our 4Sight</FONT><FONT STYLE="font-size: 8.5pt"><SUP>TM</SUP></FONT> <FONT STYLE="font-size: 10pt">Intelligent
Sensing Platform is software-definable and network-optimized, and leverages deterministic artificial intelligence at the edge. We
have made substantial investments in our R&amp;D processes and deliver value to our customers through our manufacturing partners. We
perform the majority of our R&amp;D activities in our 6,522 square foot corporate headquarters located in Pleasanton, California.
Our modular design facilitates product hardware updates as technologies evolve, and its small size and modest heat generation enable
very flexible placement options on the interior or exterior of a vehicle. 4Sight</FONT><FONT STYLE="font-size: 8.5pt"><SUP>TM</SUP></FONT> <FONT STYLE="font-size: 10pt">also
leverages a common architecture to create application-specific products across different markets.</FONT> </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> Our systems-based approach encourages partnerships
from the well-established automotive supply chain, including original equipment manufacturers (OEMs), as well as Tier 1 and Tier 2
OEM suppliers. There is strong alignment between us and our partners given what is required to produce high-performance automotive grade
products at scale, including quality, reliability, and affordability. We anticipate our Tier 1 partners will add value with OEM customers
through industrialization, manufacturing, integration, sales, marketing, product liability, and warranty. We anticipate our Tier 2 partners
will provide automotive-grade sub-components, which are used not only in automotive lidar for ADAS use cases, but could also be used
for products we may sell into the Non-Automotive market. We expect the result will be a high-quality, high-performance product at the
right price point, which we believe to be a key enabler in accelerating adoption of lidar across various markets in Automotive and beyond. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> In pursuing this strategy, we have partnered,
and will continue seeking partnerships, with leading Tier 1 automotive suppliers. It is anticipated that our Tier 1 partners will bid
for long-range lidar series production awards with OEMs and that these awards will represent a substantial portion of our future revenues;
however, there is no guarantee that this Tier 1 partnership strategy will be successful. If we fail to remain engaged with one or more
Tier 1 automotive suppliers, it may have an adverse effect on our business. The markets for lidar are projected to see significant growth in both the near
and long term. We believe this expected growth will allow us to capture market share as well as pursue specialized opportunities like
highway autonomous driving applications that benefit from our products. We expect that lidar will be a required sensing solution across
many end markets, and we intend to be one of the leading solutions providers in these spaces. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> As is common in early-stage companies with limited
operating histories, we are subject to risks and uncertainties such as our ability to develop and commercialize our products; produce
and deliver lidar and software products meeting acceptable performance metrics; attract new and retain existing customers; develop, obtain,
or progress strategic partnerships; secure an automotive OEM design win; secure additional capital to support the business plan; and
other risks and uncertainties such as those described in the section titled <I>&ldquo;Risk Factors&rdquo;</I> in this prospectus, any
accompanying prospectus supplement and the documents incorporated by reference herein. Since inception, we have incurred net losses and
negative cash flows from operations and expect to continue incurring losses in the near-term.
As a result, it remains critical for us to preserve cash and manage spending to extent our liquidity. We also plan to improve our liquidity position
through securing additional financing, engaging with partners and OEMs, and executing on our critical milestones. However, successfully raising capital is
outside of our control and there can be no assurance that we will be able to obtain additional financing on terms acceptable to us, on a timely basis, or at all. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Background </B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">On February&nbsp;17, 2021, AEye Technologies, Inc., then known as
AEye, Inc., or AEye Technologies, entered into the Agreement and Plan of Merger, or the Merger Agreement, with CF Finance Acquisition
Corp. III, a Delaware corporation, or CF III, now known as AEye, Inc., and Meliora Merger Sub, Inc., a Delaware corporation and a wholly
owned subsidiary of CF III, or Merger Sub. Based on CF III&#8217;s business activities, it was a &#8220;shell company&#8221; as defined
under the Securities Exchange Act of 1934, as amended, or the &#8220;Exchange Act. On August&nbsp;16, 2021, or the Closing Date, CF III
closed the business combination, or the Merger, and together with the other transactions contemplated by the Merger Agreement, the Transactions,
pursuant to the Merger Agreement, and Merger Sub was merged with and into AEye Technologies with AEye Technologies surviving the merger
as a wholly owned subsidiary of CF III. On the Closing Date, and in connection with the closing of the Transactions, or the Closing, CF
III changed its name to AEye, Inc. Unless otherwise stated or unless the context otherwise requires, the terms &#8220;we,&#8221; &#8220;us,&#8221;
&#8220;our,&#8221; &#8220;AEye,&#8221; &#8220;Company,&#8221; and &#8220;post-combination entity&#8221; refer to AEye, Inc. and its subsidiaries
following the consummation of the Merger or to AEye Technologies and its subsidiaries prior to the consummation of the Merger.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">The rights of holders of our Common Stock are governed by our Second
Amended and Restated Certificate of Incorporation (as may be further amended or restated from time to time, the &#8220;Amended Charter&#8221;),
our Amended and Restated Bylaws (as may be further amended or restated from time to time, the &#8220;Amended Bylaws&#8221;), and the Delaware
General Corporation Law (the &#8220;DGCL&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0"><B>Corporate Information </B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Our principal executive offices are located at 4670 Willow Road,
Suite 125 Pleasanton, CA 94588. Our telephone number is (925) 400-4366. Our website address is <FONT STYLE="color: Blue"><I><U>www.aeye.ai</U></I></FONT>.
Information contained on our website or connected thereto does not constitute part of, and is not incorporated by reference into, this
prospectus or the registration statement of which it forms a part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Implications of Being an Emerging Growth Company and a Smaller
Reporting Company</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B></B>We are an emerging growth company as defined in the Jumpstart Our
Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;). We will remain an emerging growth company under the JOBS Act until the earliest
of (a)&nbsp;the last day of our first fiscal year following the fifth anniversary of CF III&#8217;s IPO, (b)&nbsp;the last date of our
fiscal year in which we have total annual gross revenue of at least $1.07&nbsp;billion, (c)&nbsp;the date on which we are deemed to be
a &#8220;large accelerated filer&#8221; under the rules of the SEC with at least $700.0&nbsp;million of outstanding securities held by
non-affiliates, or (d)&nbsp;the date on which we have issued more than $1.0&nbsp;billion in non-convertible debt securities during the
previous three years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<DIV STYLE="padding: 6pt; border: Black 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">We are also a &#8220;smaller reporting company&#8221; as defined
in the Securities and Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging growth company.
We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to take advantage
of these scaled disclosures for so long as the market value of our Common Stock held by non-affiliates is less than $250.0&nbsp;million
measured on the last business day of our second fiscal quarter, or our annual revenue is less than $100.0&nbsp;million during the most
recently completed fiscal year and the market value of our Common Stock held by non-affiliates is less than $700.0&nbsp;million measured
on the last business day of our second fiscal quarter.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">As a result, the information in this prospectus, any accompanying
prospectus supplement or the documents incorporated by reference herein that we provide to our investors in the future may be different
than what you might receive from other public reporting companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Recent Developments </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>The Convertible Note and Warrant Transaction </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"> On January 2, 2025, we entered into a Securities
Purchase Agreement with an accredited investor pursuant to which we issued to such accredited investor a senior unsecured convertible
promissory note in the aggregate principal amount of $3.2 million for an aggregate purchase price of $3 million (the &#8220;Convertible
Note&#8221;) and a warrant to purchase up to 805,263 shares of Common Stock (the &#8220;Warrant&#8221; and the transaction, the &#8220;Convertible
Note and Warrant Transaction&#8221;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">The Convertible Note has an eighteen month term and an interest rate of
7.0% per annum. The Convertible Note is convertible into Common Stock at a per share conversion price equal to $2.22, subject to adjustments
contained in the Convertible Note (the &#8220;Conversion Price&#8221;). <FONT STYLE="background-color: white">Pursuant to the </FONT>Convertible
<FONT STYLE="background-color: white">Note, commencing on the date that is 90 days from the date of the closing, and on the first trading
day of each month thereafter and the maturity date (each, an &#8220;Installment Date&#8221;) until the </FONT>Convertible <FONT STYLE="background-color: white">Note
is fully redeemed, the Company is generally obligated to pay the holder of the </FONT>Convertible <FONT STYLE="background-color: white">Note
an amount equal to the sum of (A) (x), with respect to any Installment Date other than the maturity date, one-fifteenth of the initial
principal amount under the </FONT>Convertible <FONT STYLE="background-color: white">Note and (y), with respect to the Installment Date
that is the maturity date, the principal amount then outstanding under the </FONT>Convertible <FONT STYLE="background-color: white">Note
as of such Installment Date, (B) any amount deferred pursuant to the terms of the </FONT>Convertible <FONT STYLE="background-color: white">Note;
(C) any amount accelerated pursuant to the terms of the </FONT>Convertible <FONT STYLE="background-color: white">Note and (D), in each
of the foregoing, the sum of any accrued and unpaid interest, the make-whole amount and unpaid late fees and charges, if any, payable
pursuant to the terms of the </FONT>Convertible <FONT STYLE="background-color: white">Note as of such Installment Date (the &#8220;Installment
Amount&#8221;). The Company, if certain equity conditions are satisfied, may elect to pay all or part of the Installment Amount in shares
of Common Stock based on a conversion price equal to the lower of (i) the Conversion Price and (ii) the greater of (x) the floor price
of $0.30 and (y) 90% of the VWAP (as defined in the Convertible Note) in the five (5) trading days immediately prior to the applicable
Installment Date. If the Company fails to satisfy certain equity conditions or at the election of the Company in its sole discretion,
the Company may redeem the Installment Amount in cash. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">The Warrant has an initial exercise price of $2.22 and is exercisable
after the six month and one day anniversary of its issuance for a period of four years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>ATM Transaction</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> On September 12, 2024, the Company entered into an At Market Issuance
Sales Agreement (the &#8220;Sales Agreement&#8221;) with A.G.P./Alliance Global Partners (&#8220;A.G.P.&#8221;). In accordance with the
terms of the Sales Agreement, the Company may offer and sell from time to time through A.G.P., acting as sales agent, the Company&#8217;s
common stock having an aggregate offering price of up to $2.6 million (the &#8220;Placement Shares&#8221;). The Placement Shares will
be issued pursuant to the Company&#8217;s shelf registration statement on Form S-3 (Registration No. 333-274546). The Company filed a
prospectus supplement dated September 13, 2024, with the SEC in connection with the offer and sale of the Placement Shares.
The Company filed a prospectus supplement dated December 30, 2024 to update the maximum number of the Placement Shares issuable pursuant to the Sales Agreement to up to an aggregate of $5.2 million. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<DIV STYLE="padding: 6pt; border: Black 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> On January 7, 2025, the Company filed the Amendment No. 1 to the prospectus
supplements to the shelf registration statement on Form S-3 to update the maximum number of the Placement Shares issuable pursuant to
the Sales Agreement to up to an aggregate of $8.5 million. On January 23, 2025, the Company filed the Amendment No. 2 to the prospectus
supplements to the shelf registration statement on Form S-3 to update the maximum number of the Placement shares issuable pursuant to
the Sales Agreement to up to an aggregate of $15.3 million. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Principal Executive Office</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company changed its principal executive office from the earlier One
Park Place, Suite 200, Dublin 94568 to now 4670 Willow Road, Suite 125, Pleasanton, CA 94588.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<DIV STYLE="padding: 6pt; border: Black 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_004" TITLE="theoffering"></A>THE OFFERING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Shares of Common Stock offered by the Selling Stockholders</FONT></TD>
    <TD STYLE="text-align: justify; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> Up to 9,638,718 shares of the Common Stock,
    which consist of: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(i) 330,823 shares of Common Stock constituting the
Dowslake Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> (ii) up to 8,100,000 shares of Common Stock issuable
pursuant to the terms of the Convertible Note; and </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0"> (iii) up to 1,207,895 shares of Common Stock issuable
upon exercise of the Warrant. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">Shares of Common Stock
    outstanding prior to this offering</FONT> </TD>
    <TD STYLE="text-align: justify; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0"> 18,689,669 shares of our Common Stock outstanding
    on February 20, 2025. </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Use of proceeds</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">We are not selling any shares of Common Stock under this prospectus and will not receive any of the proceeds from the sale of shares of Common Stock by the Selling Stockholders. We will receive any proceeds from the cash exercise of the Warrant (if any), but not from the sale of the shares of Common Stock issuable upon such exercise.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Risk factors</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">Investing in our Common
    Stock involves a high degree of risk. You should carefully read the &#8220;<I>Risk Factors</I>&#8221; beginning on page 12 and the
    other information included or incorporated by reference in this prospectus for a discussion of factors you should consider carefully
    before deciding to invest in our Common Stock.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Nasdaq symbol for our Common Stock</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&#8220;LIDR&#8221;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_005" TITLE="riskfactors"></A><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"> An investment in the Common Stock involves
a high degree of risk. Before you decide to invest in shares of Common Stock, you should consider carefully all of the information in
this prospectus and the documents incorporated by reference herein and, in particular, the risks described below and the Risk Factors
included in any prospectus supplement or amendment, our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequently
filed Quarterly Reports on Form 10-Q and our other filings with the SEC that are incorporated by reference into this prospectus. The
risks described in this prospectus or in any document incorporated by reference are not the only ones we face. There may be other unknown
or unpredictable economic, business, competitive, regulatory or other factors that could have material adverse effects on our business,
prospects, financial condition and results of operations. In any such case, the trading price of shares of Common Stock could decline
materially and you could lose all or part of your investment. Past financial performance may not be a reliable indicator of future performance
and historical trends should not be used to anticipate results or trends in future periods. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_006" TITLE="useofproceeds"></A><B>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All proceeds from the resale
of the shares of Common Stock offered by this prospectus will belong to the Selling Stockholders. We will not receive any proceeds from
the resale of the shares of Common Stock by the Selling Stockholders. We will receive any proceeds from the cash exercise of the Warrant
(if any), but not from the sale of the shares of Common Stock issuable upon such exercise. To the extent that the Warrant is exercised
on a &#8220;cashless basis,&#8221; we would not receive any proceeds from such exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 33.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_007" TITLE="privateplacements"></A>PRIVATE PLACEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>The Convertible Note and Warrant Transaction </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> On January 2, 2025, we entered into a Securities Purchase Agreement
with an institutional investor pursuant to which we issued to such institutional investor a senior unsecured convertible promissory note
in the aggregate principal amount of $3.2 million for an aggregate purchase price of $3 million (the &#8220;Convertible Note&#8221;)
and a warrant to purchase up to 805,263 shares of Common Stock (the &#8220;Warrant&#8221; and the transaction, the &#8220;Convertible
Note and Warrant Transaction&#8221;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Convertible Note was issued with a seven point
four percent (7.4%) original issue discount and has an eighteen month term and an interest rate of 7.0% per annum, which shall automatically
be increased to eighteen percent (18.0%) per annum in the event of default. The Convertible Note is convertible into Common Stock at a
per share conversion price equal to $2.22, subject to adjustments contained in the Convertible Note (the &#8220;Conversion Price&#8221;).
The Conversion Price is subject to full ratchet anti-dilution protection, subject to a floor conversion price of $0.30 per share (the
&#8220;Floor Price&#8221;), and certain exceptions upon any subsequent transaction at a price lower than the Conversion Price then in
effect and standard adjustments in the event of stock dividends, stock splits, combinations or similar events. Subject to certain beneficial
ownership and Exchange Cap limitation described below, the Convertible Note is convertible in whole or in part at the option of such institutional
investor into shares of Common Stock at the applicable Conversion Price. Alternatively, in the event of an event of default, during the
Event of Default Redemption Right Period (as defined in the Convertible Note), the Conversion Price may be converted to an &#8220;Alternate
Conversion Price,&#8221; which is defined as the lowest of (i) the applicable Conversion Price as in effect on the applicable conversion
date of the applicable Alternate Conversion (as defined in the Convertible Note), and (ii) the greater of (x) the Floor Price and (y)
85% of the lowest VWAP of the Common Stock during the ten (10) consecutive trading day period ending on and including the trading day
immediately preceding the delivery or deemed delivery of the applicable conversion notice. These conversions shall be further subject
to certain redemption premiums, as is further described in the Convertible Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">Pursuant to
the </FONT>Convertible <FONT STYLE="background-color: white">Note, commencing on the date that is 90 days from the date of the closing,
and on the first trading day of each month thereafter and the maturity date (each, an &#8220;Installment Date&#8221;) until the </FONT>Convertible
<FONT STYLE="background-color: white">Note is fully redeemed, the Company is generally obligated to pay the holder of the </FONT>Convertible
<FONT STYLE="background-color: white">Note an amount equal to the sum of (A) (x), with respect to any Installment Date other than the
maturity date, one-fifteenth of the initial principal amount under the </FONT>Convertible <FONT STYLE="background-color: white">Note and
(y), with respect to the Installment Date that is the maturity date, the principal amount then outstanding under the </FONT>Convertible
<FONT STYLE="background-color: white">Note as of such Installment Date, (B) any amount deferred pursuant to the terms of the </FONT>Convertible
<FONT STYLE="background-color: white">Note; (C) any amount accelerated pursuant to the terms of the </FONT>Convertible <FONT STYLE="background-color: white">Note
and (D), in each of the foregoing, the sum of any accrued and unpaid interest, the make-whole amount and unpaid late fees and charges,
if any, payable pursuant to the terms of the </FONT>Convertible <FONT STYLE="background-color: white">Note as of such Installment Date
(the &#8220;Installment Amount&#8221;). The Company, if certain equity conditions are satisfied, may elect to pay all or part of the Installment
Amount in shares of Common Stock based on a conversion price equal to the lower of (i) the Conversion Price and (ii) the greater of (x)
the Floor Price and (y) 90% of the VWAP in the five (5) trading days immediately prior to the applicable Installment Date. If the Company
fails to satisfy certain equity conditions or at the election of the Company in its sole discretion, the Company may redeem the Installment
Amount in cash.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">The Convertible Note may not be converted and shares
of Common Stock may not be issued under the Convertible Notes if, after giving effect to the conversion or issuance, such institutional
investor together with its affiliates would beneficially own in excess of 4.99% (or, upon election of such institutional investor, 9.99%)
of the outstanding Common Stock. In addition to the beneficial ownership limitations in the Convertible Note, the sum of the number of
shares of Common Stock that may be issued under that the Convertible Note is limited to 19.99% of the outstanding Common Stock as of January
2, 2025 (the &#8220;Exchange Cap&#8221;), unless shareholder approval (&#8220;Stockholder Approval&#8221;) is obtained by the Company
to issue more than the Exchange Cap under the Convertible Note. The Exchange Cap shall be appropriately adjusted for any reorganization,
recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction. At any time after June 15, 2025, if
the Company is prohibited from issuing shares of Common Stock under the Convertible Note due to the Exchange Cap limitation (an &#8220;Exchange
Cap Failure,&#8221; and such shares the &#8220;Exchange Cap Shares&#8221;), then in lieu of issuing such Exchange Cap Shares, the Company
is required to pay a cash amount equal to the Exchange Cap Share Cancellation Amount. &#8220;Exchange Cap Share Cancellation Amount&#8221;
means the cash amount equal to the greater of (a) $0 and (b) the product of (x) the number of Exchange Cap Shares that, but for the Exchange
Cap limitation, would be issuable pursuant to a conversion notice and (y) fifty percent (50%) of the difference between (A) the greatest
daily VWAP of the Common Stock on any trading day during the period commencing on the calendar day such institutional investor delivers
such conversion notice to the Company through, and including, the trading day immediately prior to the date the Company pays (if any)
such cash amount to such institutional investor (or its designee) less (B) the Conversion Price in effect on the applicable conversion
date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction documents of the Convertible Note
and Warrant Transaction contain certain representations and warranties, covenants and indemnities customary for similar transactions.
In addition, the Company has also agreed that so long as the Convertible Note is outstanding, the Company shall not enter into any variable
rate transaction other than certain permitted exceptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> The Convertible Notes contain customary events
of default including but not limited to: (i) failure to file the applicable registration statement with the SEC within five days after
the filing deadline provided in the Registration Rights Agreement (as defined below) or failure to have it declared effective by the
SEC within five days after the effectiveness deadline thereto; (ii) lapse in the effectiveness of the applicable registration statement
or its unavailability for the sale of registrable securities for five consecutive days or more than ten days in any 365-day period, excluding
days during grace periods; (iii) suspension from trading or failure of the Common Stock to be listed on an eligible market for five consecutive
trading days; (iv) failure to deliver the required number of shares of Common Stock within five trading days after the applicable conversion
or exercise date for more than three conversion; (v) default, redemption, or acceleration of at least $1 million of indebtedness, excluding
certain exception; and (vi) bankruptcy, insolvency, reorganization, or liquidation proceedings initiated by or against the Company or
any subsidiary, not dismissed within thirty days. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Warrant is exercisable for shares of common stock
at a price of $2.22 per share (the &#8220;Exercise Price&#8221;). The Warrant exercisable after the six month and one day anniversary
of its issuance for a period of four years. The Exercise Price is subject to standard adjustments in the event of certain events, such
as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate changes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the Convertible Note and Warrant
Transaction, the Company entered into a registration rights agreement, dated January 2, 2025, with such institutional investor (the &#8220;Registration
Rights Agreement&#8221;). Under the Registration Rights Agreement, we agreed to file a resale registration statement covering the resale
of the Common Stock issuable under the Convertible Note or the Warrant by or before February 3, 2025, and to cause such resale registration
statement to be declared effective by the SEC as promptly as possible after the filing thereof, but, no later than 60 days after the day
of initial filing of the registration statement or 120 days following the filing if the SEC notifies the Company that the SEC will perform
&#8220;full review&#8221; such registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>The Dowslake Transaction </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"> On May 10, 2024, the Company entered into a securities purchase
agreement (the &#8220;Dowslake Purchase Agreement&#8221;) with Dowslake Microsystems Corporation (&#8220;Dowslake&#8221;), pursuant to
which&nbsp;Dowslake agreed to purchase 330,823 shares (the &#8220;Dowslake Shares&#8221;) of Common Stock for the purchase price of $854
thousand, which represents a per share purchase price of $2.58, the Nasdaq Official Closing Price (as defined under the rules and regulations
of the Nasdaq Stock Market) of the Common Stock immediately preceding the execution of the&nbsp;Dowslake&nbsp;Purchase Agreement, and
a note with the principal amount of $146 thousand (the &#8220;Dowslake Note&#8221;), for an aggregate purchase price of $1 million for
both the Dowslake Shares and the Dowslake Note ( the &#8220;Dowslake Transaction,&#8221; and together with the Convertible Note and Warrant
Transaction, the &#8220;Transactions&#8221;). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Dowslake Note has a five (5) year maturity from the original
issue date, with an interest rate per annum equal to the sum of: (i) the daily simple Secured Overnight Financing Rate published by the
Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator), on its website as of the most
recent historical Quarterly Interest Calculation Date (as defined in the Dowslake Note) plus (ii) one percent (1%). Any interest accrued
on the Dowslake Note is payable on a quarterly basis or, at the option of the Company, added to the principal amount (as adjusted, the
&#8220;Principal Balance&#8221;) under the Dowslake Note. The Dowslake Note maturity may be accelerated upon continuing occurrence of
an Event of Default (as defined in the Dowslake Note).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Upon maturity of the Dowslake Note, the Company is obligated to
pay the Principal Balance and all accrued, unpaid and uncapitalized interest. Additionally, at any time while the Dowslake Note is outstanding,
the Company has the right to prepay in whole or any portion of the Principal Balance or any accrued, unpaid, and uncapitalized interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Subject to Dowslake&#8217;s sole discretion as to the allocation, any payment on the Dowslake Note may be made by (i) paying cash, (ii)
converting the applicable amount of Principal Balance into Common Stock, or (iii) any combination of the foregoing (each, a &#8220;Dowslake
Note Payment&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The conversion price applicable to each Dowslake Note Payment is the per
share closing price of the Common Stock on the Nasdaq Stock Market or such other principal market or exchange on which the Common Stock
is then listed for trading as of the immediately preceding trading day. Any conversion of the Dowslake Note into the Common Stock is subject
to limitations that the number of shares of Common Stock issuable shall not exceed, in accordance with the applicable Nasdaq rules, (A)
19.99% of the number of shares of Common Stock outstanding on the Original Issue Date, including shares of Common Stock issued or issuable
in any transaction that is required to be aggregated with Dowslake Transaction under the rules and regulations of the Nasdaq Stock Market
or (B) 19.99% of the number of shares of Common Stock outstanding or the total voting power of the Company&#8217;s securities outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_008" TITLE="sellingstockholders"></A><B>SELLING STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"> The shares of Common Stock being offered
by the Selling Stockholders are (i) the Dowslake Shares and (ii) those shares of Common Stock issuable to a Selling Stockholder upon
conversion of the Convertible Note or upon exercise of the Warrant (the Warrant, together with the Convertible Note, the &ldquo;Securities&rdquo;).
For additional information regarding the issuance of the Dowslake Shares or the Securities, see &ldquo;Private Placements&rdquo; above.
We are registering the shares of Common Stock to permit the Selling Stockholders to offer the shares of the Common Stock for resale from
time to time. The Company and an institutional investor or such institutional investor&rsquo;s affiliates have previously entered into
certain securities purchase agreement, dated September 15, 2022 and common stock purchase agreement, dated December 8, 2021. Except for
the foregoing and the ownership of the Dowslake Shares, Dowslake Note and the Securities, the Selling Stockholders have not had any material
relationship with us within the past three years. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"> The table below lists the Selling Stockholders
and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder) of the shares of Common Stock held by each of the Selling Stockholders. The second
column lists the number of shares of Common Stock beneficially owned by the Selling Stockholders, based on their respective ownership
of shares of Common Stock, notes and warrants as of February 18, 2025, assuming conversion or exercise of the Securities held by each
such Selling Stockholder on that date but taking account of any limitations on conversion and exercise set forth therein. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">The fourth column lists the shares of Common
Stock being offered by this prospectus by the Selling Stockholders and does not take into account any limitations on conversion or exercise
of the Securities as set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">In accordance with the terms of the Registration
Rights Agreement with the holders of the Convertible Note and Warrant, this prospectus generally covers the resale of 150% of the sum
of (i) the maximum number of shares of Common Stock issued or issuable pursuant to the Convertible Note, including payment of interest
on the notes through January 3, 2026, and (ii) the maximum number of shares of Common Stock issued or issuable upon exercise of the Warrant,
determined as if the outstanding Convertible Note (including interest on the notes through January 3, 2026) and the Warrant were converted
or exercised (as the case may be) in full (without regard to any limitations on conversion or exercise contained therein solely for the
purpose of such calculation) at an alternate conversion price or exercise price (as the case may be) calculated as of the trading day
immediately preceding the date this registration statement was initially filed with the SEC. Because the conversion price and alternate
conversion price of the Securities may be adjusted, the number of shares that will actually be issued may be more or less than the number
of shares being offered by this prospectus. The fifth column assumes the sale of all of the shares offered by the Selling Stockholders
pursuant to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">Under the terms of the Convertible Note
and the Warrant, a selling stockholder may not convert the Convertible Note or exercise the Warrant to the extent (but only to the extent)
such selling stockholder or any of its affiliates would beneficially own a number of shares of our Common Stock which would exceed 4.99%
of the outstanding shares of the Company (the &#8220;Maximum Percentage&#8221;). The number of shares in the second column reflects these
limitations. The Selling Stockholders may sell all, some, or none of their shares in this offering. See &#8220;Plan of Distribution.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 24%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt"><B>Name
    of Selling Stockholders<SUP>(1)</SUP></B></FONT> </TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Number of Shares</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>of Common Stock Beneficially Owned</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Prior to Offering<SUP>(2)</SUP></B> </P></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 13%; padding: 1.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Percentage</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>of Common</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Stock Beneficially Owned</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Prior to</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Offering</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B><SUP>(3)</SUP></B>&nbsp; </P></TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Maximum Number of</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Shares of Common Stock</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>to be Sold</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Pursuant to this</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Prospectus</B> </P></TD>
    <TD STYLE="width: 2%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Number of Shares of</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Common Stock</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Beneficially Owned After Offering <SUP>(5)</SUP></B> </P></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: black 1pt solid; border-left: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-right: Black 1pt solid; width: 13%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Percentage</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>of Common</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Stock Beneficially Owned</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>After</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Offering</B> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B><SUP>(4) (5)</SUP></B> </P></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: justify"> <FONT STYLE="font-size: 10pt">3i,
    LP<SUP>(6)</SUP></FONT> </TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: justify"> &nbsp; </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">980,898<SUP>(7)
    </SUP></FONT> </TD>
    <TD STYLE="vertical-align: top; border: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.5pt 10.5pt 1.5pt 1.5pt; vertical-align: top; text-align: right"> <FONT STYLE="font-size: 10pt">4.99%</FONT> </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">9,307,895<SUP>(8)</SUP></FONT> </TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">58,333<SUP>(5)</SUP></FONT> </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding: 1.5pt; text-align: center"> <FONT STYLE="font-size: 10pt">*</FONT> </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: black 1pt solid; vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: left"> <FONT STYLE="font-size: 10pt">Dowslake
    Microsystems Corporation</FONT> </TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: justify"> &nbsp; </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">330,823<SUP>(9)</SUP></FONT> </TD>
    <TD STYLE="vertical-align: top; border: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.9pt 10.5pt 1.5pt 1.5pt; vertical-align: top; text-align: right"> 1.77<FONT STYLE="font-size: 10pt">%</FONT> </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">330,823<SUP>(9)</SUP></FONT> </TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.9pt 1.5pt 1.5pt 1.9pt; text-align: center"> <FONT STYLE="font-size: 10pt">0<SUP>(5)</SUP></FONT> </TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1.5pt; text-align: center"> &nbsp; </TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding: 1.5pt; text-align: center"> <FONT STYLE="font-size: 10pt">*</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">*Less than 1%&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Information concerning named Selling Stockholders or future transferees, pledgees, assignees, distributees, donees or successors-in-interest of or from any such stockholder or others who later hold any Selling Stockholders&#8217; interests will be set forth in supplements to this prospectus, absent circumstances indicating that the change is material. In addition, post-effective amendments to the registration statement of which this prospectus forms a part will be filed to disclose any material changes to the plan of distribution from the description in the final prospectus.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(2)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">Based on their respective
    ownership of shares of Common Stock as of February 18, 2025 and February 20, 2025, as applicable, assuming conversion or exercise
    of the Securities held by each such Selling Stockholder on that date but taking account of any limitations on conversion and exercise
    set forth therein.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(3)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">Beneficial ownership
    is determined in accordance with the rules and regulations of the SEC. In computing the number of shares beneficially owned by a
    person and the percentage ownership of that person, securities that are currently convertible or exercisable into shares of our Common
    Stock, or convertible or exercisable into shares of our Common Stock within 60 days of February 20, 2025, are deemed outstanding.
    Such shares, however, are not deemed outstanding for the purposes of computing the percentage ownership of any other person. Amounts
    reported in the fifth column assumes that the Selling Stockholders will sell all of the shares offered pursuant to this prospectus.
    Based on 18,689,669 shares of our Common Stock outstanding on February 20, 2025</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(4)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">Based on 28,328,387 shares
    of our Common Stock outstanding after this offering.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Represents the amount of shares of Common stock that will be held by the selling stockholder after completion of this offering based on the assumptions that (a) all Common Stock underlying the Securities owned by the selling stockholder registered for sale by the registration statement of which this prospectus is part of will be sold and (b) no other shares of Common Stock are acquired or sold by the selling stockholder prior to completion of this offering. However, no selling stockholder is not obligated to sell all or any portion of the shares of our Common Stock offered pursuant to this prospectus.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The business address of 3i, LP is 2 Wooster Street, 2nd Floor New York, NY 10013. 3i, LP&#8217;s principal business is that of a private investor. Maier Joshua Tarlow is the manager of 3i Management, LLC, the general partner of 3i, LP, and has sole voting control and investment discretion over securities beneficially owned directly by 3i, LP and indirectly by 3i Management, LLC. We have been advised that none of Mr. Tarlow, 3i Management, LLC, or 3i, LP is a member of the Financial Industry Regulatory Authority, or FINRA, or an independent broker-dealer, or an affiliate or associated person of a FINRA member or independent broker-dealer. Each of Mr. Tarlow, 3i, LP, and 3i Management, LLC, disclaim any beneficial ownership of these shares.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(7)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">This
    column lists the number of shares of our Common Stock beneficially owned by this selling stockholder as of February 18, 2025 after
    giving effect to the Maximum Percentage (as defined in the paragraph above). Without regard to the Maximum Percentage, as of February
    18, 2025, this selling stockholder would beneficially own an aggregate of 9,366,228 shares of our Common Stock, consisting of (i)
    up to 58,333 shares of Common Stock underlying a warrant held by this selling stockholder, convertible at the exercise price of $105.00
    per share, none of which shares are being registered for resale under this prospectus, (ii) up to 8,100,000 shares underlying the
    Convertible Note held by this selling stockholder, which represents the shares of Common Stock issuable upon exercise of the Convertible
    Note at an Alternate Conversion Price of $0.66, all of which are being registered for resale under this prospectus and (iii) up to
    1,207,895 shares underlying the Warrant held by this selling stockholder, all of which are being registered for resale under this
    prospectus.</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(8)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">For
    the purposes of the calculations of Common Stock to be sold pursuant to the prospectus we are assuming (i) an event of default under
    the Convertible Note has not occurred, and that the Convertible Note is converted in full at an Alternate Conversion Price of $0.66
    per share without regard to any limitations set forth therein and (ii) that the Warrant is converted in full without regard to any
    limitations set forth therein.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> <FONT STYLE="font-size: 10pt">(9)</FONT> </TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"> This
                                            column lists the number of shares of our Common Stock beneficially owned by this selling
                                            stockholder as of February 20, 2025, consisting of 330,823 shares of our Common Stock issued
                                            to the selling stockholder as part of the Dowslake Purchase Agreement. </P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><B><A NAME="a_009" TITLE="capitalstock"></A>DESCRIPTION OF CAPITAL STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following description of the material features of our capital stock
is a summary and does not purport to be complete. The description is subject to and qualified in its entirety by reference to (i) our
Amended Charter, (ii) our Amended Bylaws, (iii) the Registration Rights Agreement, dated as of July 25, 2024, between the Company and
New Circle Principal Investments LLC (the &#8220;Registration Rights Agreement&#8221;), (iv) the Form of Indemnification Agreement, (v)
the Registration Rights Agreement, dated as of September 15, 2022, between the Company and an institutional investor (the &#8220;Note
Registration Rights Agreement&#8221;), (vi) the Securities Purchase Agreement, dated as of May 10, 2024, between the Company and Dowslake
Microsystems Corporation (&#8220;Dowslake&#8221;) (the &#8220;Dowslake Purchase Agreement&#8221;) and the Registration Rights Agreement,
dated January 2, 2025, between the Company and an institutional investor (the &#8220;2025 Registration Rights Agreement&#8221;), each
of which is incorporated by reference as exhibits to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our purpose is to engage in any lawful act or activity for which corporations
may be organized under the Delaware General Corporation Law (&#8220;DGCL&#8221;). Our authorized capital stock consists of (a) 600,000,000
shares of Common Stock and (b) 1,000,000 shares of preferred stock, par value $0.0001 per share. As of the date of this prospectus, no
shares of preferred stock are issued or outstanding. Unless our Board determines otherwise, we will issue all shares of our capital stock
in uncertificated form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Description of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Voting Rights. </I>Each holder of Common Stock is entitled to one (1)
vote in person or by proxy for each share of the Common Stock held of record by such holder. The holders of shares of the Common Stock
do not have cumulative voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Dividend Rights. </I>Subject to any other provisions of the Amended
Charter, each holder of Common Stock is entitled to receive such dividends and other distributions in cash, stock or property of the Company
when, as and if declared thereon by our Board from time to time out of assets or funds of the Company legally available therefor and shall
share equally on a per share basis in such dividends and distributions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Liquidation Rights. </I>In the event of any voluntary or involuntary
liquidation, dissolution or winding up of the Company, subject to applicable law, the rights, if any, of the holders of any outstanding
series of the preferred stock, after payment or provision for payment of the debts and other liabilities of the Company, the holders of
the shares of Common Stock are entitled to receive all the remaining assets of the Company available for distribution to its stockholders,
ratably in proportion to the number of shares of Common Stock held by them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Other Matters. </I>The rights, preferences and privileges of the holders
of our Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of our preferred
stock, including any series of preferred stock which we may designate in the future. There are no redemption or sinking fund provisions
applicable to the Common Stock. All outstanding shares of Common Stock are fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Listing. </I>The Common Stock is listed for trading on Nasdaq under
the symbol &#8220;LIDR&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Transfer Agent. </I>Broadridge Corporate Issuer Solutions, Inc. acts
as the transfer agent of the Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Description of Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the terms of the Amended Charter, our Board has the authority, without
stockholder approval, to issue shares of preferred stock from time to time on terms it may determine, to divide shares of preferred stock
into one or more class or series and to fix for each such class or series the designations, preferences, privileges, and restrictions
of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference, and the
number of shares constituting any series or the designation of any series to the fullest extent permitted by the DGCL. The issuance of
preferred stock could have the effect of decreasing the trading price of the Common Stock, restricting dividends on our capital stock,
diluting the voting power of the Common Stock, impairing the liquidation rights of our capital stock, or delaying or preventing a change
in control of the Company. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will
not do so in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company is a party to the Registration Rights Agreement entered in
connection with a transaction pursuant to which New Circle has committed to purchase the Company&#8217;s Common Stock. The Registration
Rights Agreement requires the Company to prepare and file this&nbsp;registration statement to cover the resale under the Securities Act
of registrable securities held by New Circle. The Company is also a party to the Note Registration Rights Agreement entered in connection
with a transaction pursuant to which the Company has issued to an institutional investor a senior unsecured convertible promissory note
and a warrant to purchase the Company&#8217;s Common Stock. The Note Registration Rights Agreement requires the Company to prepare and
file a registration statement to cover the resale of the Company&#8217;s Common Stock issuable upon conversion of the note and/or exercise
of the warrant. Such registration statement on Form S-3 (Registration No. 333-267937) was filed by the Company with the SEC under the
Securities Act on October 19, 2023, and declared effective by the SEC on October 27, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company is a party to the Dowslake Purchase Agreement entered into
in connection with a transaction pursuant to which the Company has issued to Dowslake shares of the Company&#8217;s Common Stock and a
senior unsecured convertible promissory note, convertible into shares of the Company&#8217;s Common Stock. The Dowslake Purchase Agreement
requires the Company to prepare and file a registration statement to cover the resale of the Company&#8217;s Common Stock purchased by
Dowslake or issuable upon conversion of the note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company is also a party to the 2025 Registration Rights Agreement entered
into in connection with a transaction pursuant to which the Company has issued to an institutional investor a senior unsecured convertible
promissory note (the &#8220;2025 Note&#8221;), convertible into shares of the Company&#8217;s Common Stock, and a warrant (the &#8220;2025
Warrant&#8221;), exercisable into shares of the Company&#8217;s Common Stock. The 2025 Registration Rights Agreement requires the Company
to prepare and file a registration statement to cover the resale of the Company&#8217;s Common Stock issuable upon conversion of the 2025
Note or exercise of the 2025 Warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_010" TITLE="planofdistribution"></A>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are registering the shares of Common Stock constituting
the Dowslake Shares and shares issuable upon conversion of the Securities by the holders thereof from time to time after the date of this
prospectus. We will not receive any of the proceeds from the sale by the Selling Stockholders of the shares of common stock, although
we will receive the exercise price of the Warrant exercised by the Selling Stockholders for cash. We will bear all fees and expenses incident
to our obligation to register the shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Selling Stockholders may sell all or a portion
of the shares of Common Stock held by them and offered hereby from time to time directly or through one or more underwriters, broker-dealers
or agents. If the shares of Common Stock are sold through underwriters or broker-dealers, the Selling Stockholders will be responsible
for underwriting discounts or commissions or agent&#8217;s commissions. The shares of Common Stock may be sold in one or more transactions
at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale or at negotiated
prices. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following
methods:&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">on any national securities exchange or quotation service on which the securities may be listed or quoted
at the time of sale;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">in the over-the-counter market;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">in transactions otherwise than on these exchanges or systems or in the over-the-counter market;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">through the writing or settlement of options, whether such options are listed on an options exchange or
otherwise;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">block trades in which the broker-dealer will attempt to sell the shares as agent but may position and
resell a portion of the block as principal to facilitate the transaction;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">purchases by a broker-dealer as principal and resale by the broker-dealer for its account;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">an exchange distribution in accordance with the rules of the applicable exchange;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">privately negotiated transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">short sales made after the date the Registration Statement is declared effective by the SEC;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">broker-dealers may agree with a selling security holder to sell a specified number of such shares at a
stipulated price per share;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">a combination of any such methods of sale; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any other method permitted pursuant to applicable law.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Selling Stockholders may also sell shares of Common
Stock under Rule 144 promulgated under the Securities Act of 1933, as amended, if available, rather than under this prospectus. In addition,
the Selling Stockholders may transfer the shares of Common Stock by other means not described in this prospectus. If the Selling Stockholders
effect such transactions by selling shares of Common Stock to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers
or agents may receive commissions in the form of discounts, concessions or commissions from the Selling Stockholders or commissions from
purchasers of the shares of Common Stock for whom they may act as agent or to whom they may sell as principal (which discounts, concessions
or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types of transactions
involved). In connection with sales of the shares of Common Stock or otherwise, the Selling Stockholders may enter into hedging transactions
with broker-dealers, which may in turn engage in short sales of the shares of Common Stock in the course of hedging in positions they
assume. The Selling Stockholders may also sell shares of Common Stock short and deliver shares of Common Stock covered by this prospectus
to close out short positions and to return borrowed shares in connection with such short sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Selling Stockholders may also loan or pledge shares
of Common Stock to broker-dealers that in turn may sell such shares. The Selling Stockholders may pledge or grant a security interest
in some or all of the notes, warrants or shares of Common Stock owned by them and, if they default in the performance of their secured
obligations, the pledgees or secured parties may offer and sell the shares of Common Stock from time to time pursuant to this prospectus
or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending, if necessary, the
list of Selling Stockholders to include the pledgee, transferee or other successors in interest as Selling Stockholders under this prospectus.
The Selling Stockholders also may transfer and donate the shares of Common Stock in other circumstances in which case the transferees,
donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To the extent required by the Securities Act and the
rules and regulations thereunder, the Selling Stockholders and any broker-dealer participating in the distribution of the shares of Common
Stock may be deemed to be &#8220;underwriters&#8221; within the meaning of the Securities Act, and any commission paid, or any discounts
or concessions allowed to, any such broker-dealer may be deemed to be underwriting commissions or discounts under the Securities Act.
At the time a particular offering of the shares of Common Stock is made, a prospectus supplement, if required, will be distributed, which
will set forth the aggregate amount of shares of Common Stock being offered and the terms of the offering, including the name or names
of any broker-dealers or agents, any discounts, commissions and other terms constituting compensation from the Selling Stockholders and
any discounts, commissions or concessions allowed or re-allowed or paid to broker-dealers. Under the securities laws of some states, the
shares of Common Stock may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states
the shares of Common Stock may not be sold unless such shares have been registered or qualified for sale in such state or an exemption
from registration or qualification is available and is complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There can be no assurance that any Selling Stockholder
will sell any or all of the shares of Common Stock registered pursuant to the registration statement, of which this prospectus forms a
part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Selling Stockholders and any other person participating
in such distribution will be subject to applicable provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations
thereunder, including, without limitation, to the extent applicable, Regulation M of the Exchange Act, which may limit the timing of purchases
and sales of any of the shares of Common Stock by the Selling Stockholders and any other participating person. To the extent applicable,
Regulation M may also restrict the ability of any person engaged in the distribution of the shares of Common Stock to engage in market-making
activities with respect to the shares of Common Stock. All of the foregoing may affect the marketability of the shares of Common Stock
and the ability of any person or entity to engage in market-making activities with respect to the shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> We will pay all expenses of the registration of
the shares of Common Stock, estimated to be $161,574.33 in total, including, without limitation, Securities and Exchange Commission filing
fees and expenses of compliance with state securities or &#8220;blue sky&#8221; laws; provided, however, a Selling Stockholder will pay
all underwriting discounts and selling commissions, if any. We will indemnify the Selling Stockholders against liabilities, including
some liabilities under the Securities Act in accordance with the registration rights agreements or the Selling Stockholders will be entitled
to contribution. We may be indemnified by the Selling Stockholders against civil liabilities, including liabilities under the Securities
Act that may arise from any written information furnished to us by the Selling Stockholder specifically for use in this prospectus, in
accordance with the related registration rights agreements or we may be entitled to contribution .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Once sold under the registration statement, of which
this prospectus forms a part, the shares of Common Stock will be freely tradable in the hands of persons other than our affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_011" TITLE="legalmatters"></A>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">The validity of the shares of Common Stock offered hereby will be
passed upon for us by Allen Overy Shearman Sterling US LLP, Menlo Park, California. Additional legal matters may be passed upon for us
or any underwriters, dealers or agents, by counsel that we will name in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_012" TITLE="experts"></A><B>EXPERTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"> The financial statements of AEye, Inc. as of December 31, 2023
and 2022, and for each of the two years in the period ended December 31, 2023, included in the Company's Annual Report on Form 10-K for
the year ended December 31, 2023 incorporated by reference in this Prospectus, have been audited by Deloitte &amp; Touche LLP, an independent
registered public accounting firm, as stated in their report. Such financial statements are incorporated by reference in reliance upon
the report of such firm given their authority as experts in accounting and auditing. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"> The consolidated financial statements of AEye, Inc. as of December
31, 2024 and for the year ended December 31, 2024, have been incorporated by reference herein in reliance upon the report of KPMG LLP,
independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting
and auditing. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_013" TITLE="moreinformation"></A>WHERE YOU CAN FIND MORE INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="background-color: white">This prospectus is part of
a registration statement on&nbsp;Form&nbsp;S-1&nbsp;that we filed with the SEC.&nbsp;</FONT>This prospectus, which constitutes a part
of the registration statement, does not contain all of the information set forth in the registration statement or the exhibits and schedules
filed therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We are required to file annual, quarterly and current reports, proxy statements
and other information with the SEC as required by the Exchange Act. You can read our SEC filings, including this prospectus, over the
Internet at the SEC&#8217;s website at <FONT STYLE="color: Blue"><U>http://www.sec.gov</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our website address is https://www.aeye.ai/. Through our website, we make
available, free of charge, the following documents as soon as reasonably practicable after they are electronically filed with, or furnished
to, the SEC, including our Annual Reports on Form 10-K; our proxy statements for our annual and special stockholder meetings; our Quarterly
Reports on Form 10-Q; our Current Reports on Form 8-K; Forms 3, 4, and 5 and Schedules 13D with respect to our securities filed on behalf
of our directors and our executive officers; and amendments to those documents. The information contained on, or that may be accessed
through, our website is not a part of, and is not incorporated into, this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">This prospectus and any applicable prospectus supplement are part
of a registration statement that we filed with the SEC, but do not contain all of the information in the registration statement. The full
registration statement may be obtained from the SEC or us, as provided below. Statements in the prospectus or any prospectus supplement
about these documents are summaries and each statement is qualified in all respects by reference to the document to which it refers. You
should refer to the actual documents for a more complete description of the relevant matters. You may inspect a copy of the registration
statement through the SEC&#8217;s website, as provided above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="informationincbyreference"></A>Information
Incorporated by Reference</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 33.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">The SEC rules allow us to &#8220;incorporate by reference&#8221;
information into this prospectus, which means that we can disclose important information to you by referring you to another document filed
separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus, and subsequent information
that we file with the SEC will automatically update and supersede that information. Any statement contained in this prospectus or a previously
filed document incorporated by reference will be deemed to be modified or superseded for purposes of this prospectus to the extent that
a statement contained in this prospectus or a subsequently filed document incorporated by reference modifies or replaces that statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">This prospectus and any accompanying prospectus supplement incorporate
by reference the documents set forth below that have previously been filed with the SEC:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Symbol">&#183;</FONT> </TD><TD> our Annual Report
                                            on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001818644/000143774925004906/aeye20241231_10k.htm">Form 10-K for the year ended December 31, 2024</A>, filed with the SEC on February 24, 2025;
                                            and </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> &nbsp;&nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Symbol">&#183;</FONT> </TD><TD> the description of
                                            our Common Stock contained in our Registration Statement on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001818644/000143774924024559/lidr-20240331.htm">Form
                                            S-1 filed on August 5, 2024</A>, including any amendment or reports filed for the purpose
                                            of updating such description. </TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">All reports and other documents we subsequently file pursuant
to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act in this prospectus, prior to the termination of this offering, including all
such documents we may file with the SEC after the date of the initial registration statement and prior to the effectiveness of the registration
statement, but excluding any information furnished to, rather than filed with, the SEC, will also be incorporated by reference into this
prospectus and deemed to be part of this prospectus from the date of the filing of such reports and documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">You may request a free copy of any documents incorporated by reference
in this prospectus by writing or telephoning us at the following address:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">AEye, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">Attn: General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">4670 Willow Road, Suite 125</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">Pleasanton, CA 94588</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">(925) 400-4366</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">Exhibits to the filings will not be sent, however, unless those
exhibits have been specifically incorporated by reference in this prospectus or any accompanying prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>AEYE, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> <B>Up to 9,638,718 Shares of Common Stock</B> <B>
</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Offered by the Selling Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Part II </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Item&nbsp;13. Other Expenses of Issuance and Distribution. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">The following table indicates the estimated expenses to be incurred
in connection with the offering described in this registration statement, other than underwriting discounts and commissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-left: 0.1in">&nbsp;</TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4pt 0 0; text-align: center"> <B>Amount</B> </P>
</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -12pt; padding-left: 12pt"> Securities
    and Exchange Commission registration fee&#9; </TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"> $ </TD><TD STYLE="vertical-align: bottom; width: 17%; font: 10pt Times New Roman, Times, Serif; text-align: right"> 1,574.33 </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -12pt; padding-left: 12pt"> Accounting fees
    and expenses&#9; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> $ </TD><TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: right"> 100,000.00 </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -12pt; padding-left: 12pt"> Legal fees and
    expenses&#9; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> $ </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right"> 55,000.00 </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -12pt; padding-left: 12pt"> Financial printing
    and miscellaneous expenses&#9; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> $ </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right"> 5,000.00 </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-left: 0.1in"> &nbsp; </TD><TD> &nbsp; </TD>
    <TD STYLE="text-align: left"> &nbsp; </TD><TD STYLE="text-align: right"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -12pt; padding-left: 12pt"> Total expenses&#9; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> $ </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right"> 161,574.33 </TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Item&nbsp;14. Indemnification of Directors and Officers. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Section 102 of the DGCL permits a corporation to eliminate the personal
liability of directors and officers of a corporation to the corporation or its stockholders for monetary damages for a breach of fiduciary
duty as a director or officer, except where the director or officer breached his or her duty of loyalty, failed to act in good faith,
engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock repurchase in
violation of Delaware corporate law, or obtained an improper personal benefit. Our Amended Charter provides that no director or officer
of the Registrant shall be personally liable to it or its stockholders for monetary damages for any breach of fiduciary duty as a director
or officer, notwithstanding any provision of law imposing such liability, except to the extent that the DGCL prohibits the elimination
or limitation of liability of directors for breaches of fiduciary duty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Section 145 of the DGCL provides that a corporation has the power
to indemnify a director, officer, employee, or agent of the corporation, or a person serving at the request of the corporation for another
corporation, partnership, joint venture, trust, or other enterprise in related capacities against expenses (including attorneys&#8217;
fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred by the person in connection with an action, suit,
or proceeding to which he or she was or is a party or is threatened to be made a party to any threatened, ending, or completed action,
suit, or proceeding by reason of such position, if such person acted in good faith and in a manner he or she reasonably believed to be
in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe
his or her conduct was unlawful, except that, in the case of actions brought by or in the right of the corporation, no indemnification
shall be made with respect to any claim, issue, or matter as to which such person shall have been adjudged to be liable to the corporation
unless and only to the extent that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability
but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which
the Court of Chancery or such other court shall deem proper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Our Amended Charter provides that we will indemnify each person
who was or is a party or threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding (other than
an action by or in the right of us) by reason of the fact that he or she is or was, or has agreed to become, a director or officer, or
is or was serving, or has agreed to serve, at our request as a director, officer, partner, employee, or trustee of, or in a similar capacity
with, another corporation, partnership, joint venture, trust, or other enterprise (all such persons being referred to as an &#8220;Indemnitee&#8221;),
or by reason of any action alleged to have been taken or omitted in such capacity, against all expenses (including attorneys&#8217; fees),
judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit, or proceeding
and any appeal therefrom, if such Indemnitee acted in good faith and in a manner he or she reasonably believed to be in, or not opposed
to, our best interests, and, with respect to any criminal action or proceeding, he or she had no reasonable cause to believe his or her
conduct was unlawful. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Our Amended Charter provides that we will indemnify any
Indemnitee who was or is a party to an action or suit by or in the right of us to procure a judgment in our favor by reason of the
fact that the Indemnitee is or was, or has agreed to become, a director or officer, or is or was serving, or has agreed to serve, at
our request as a director, officer, partner, employee, or trustee of, or in a similar capacity with, another corporation,
partnership, joint venture, trust, or other enterprise, or by reason of any action alleged to have been taken or omitted in such
capacity, against all expenses (including attorneys&#8217; fees) and, to the extent permitted by law, amounts paid in settlement
actually and reasonably incurred in connection with such action, suit, or proceeding, and any appeal therefrom, if the Indemnitee
acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, our best interests, except that no
indemnification shall be made with respect to any claim, issue, or matter as to which such person shall have been adjudged to be
liable to us, unless a court determines that, despite such adjudication but in view of all of the circumstances, he or she is
entitled to indemnification of such expenses. Notwithstanding the foregoing, to the extent that any Indemnitee has been successful,
on the merits or otherwise, he or she will be indemnified by us against all expenses (including attorneys&#8217; fees) actually and
reasonably incurred in connection therewith. Expenses must be advanced to an Indemnitee under certain circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">We have entered into indemnification agreements with each of our
directors and officers. These indemnification agreements may require us, among other things, to indemnify our directors and officers for
some expenses, including attorneys&#8217; fees, judgments, fines, and settlement amounts incurred by a director or officer in any action
or proceeding arising out of his or her service as one of our directors or officers, or any of our subsidiaries or any other company or
enterprise to which the person provides services at our request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">We maintain a general liability insurance policy that covers certain
liabilities of directors and officers of our corporation arising out of claims based on acts or omissions in their capacities as directors
or officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">In any underwriting agreement we enter into in connection with the
sale of Common Stock being registered hereby, the underwriters will agree to indemnify, under certain conditions, us, our directors, our
officers, and persons who control us within the meaning of the Securities Act against certain liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 15. Recent Sales of Unregistered Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Set forth below is information regarding shares of capital stock issued
by us within the past three years. Also included is the consideration received by us for such shares and information relating to the section
of the&nbsp;Securities Act, or rule of the Securities and Exchange Commission, under which exemption from registration was claimed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Amounts below are in thousands except share amounts and per share data
or where we use the word &#8220;million.&#8221;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>(a)</B>&nbsp;<B>Issuance of Capital Stock.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>PIPE Subscription Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Contemporaneously with the execution of the Merger Agreement, CF III entered
into separate PIPE Subscription Agreements in a private placement with a number of PIPE investors, pursuant to which the PIPE Investors
agreed to purchase, and CF III agreed to sell to the PIPE Investors, an aggregate of 22,000,000 shares of Common Stock, for a purchase
price of $10.00 per share and an aggregate purchase price of $220 million. CF III also entered into a PIPE Subscription Agreement for
500,000 shares of Common Stock, for a purchase price of $10.00 per share and an aggregate purchase price of $5 million with an investor
who defaulted on the Closing Date under the PIPE Subscription Agreement. The Company plans to aggressively pursue its available remedies
with respect to such investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In accordance with the terms of the PIPE Subscription Agreements, on August
16, 2021 the Company issued 22,000,000 unregistered securities to the PIPE Investors. The shares of Common Stock issued pursuant to the
Subscription Agreements were not registered under the&nbsp;Securities Act&nbsp;and were issued in reliance upon the exemption provided
in Section 4(a)(2) of the&nbsp;Securities Act&nbsp;and/or&nbsp;Regulation D&nbsp;promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This summary is qualified in its entirety by reference to the PIPE Subscription
Agreements, the form of which is included as Exhibit 10.1 to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Placement Units</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Simultaneously with the IPO, CF III purchased an aggregate of 500,000 private
placement units at a price of $10.00 per unit (or an aggregate purchase price of $5,000). Each placement unit consists of one placement
share and one-third of one placement warrant to purchase one share of our Common Stock exercisable at $11.50. The sale of the Private
Placement Warrants was made pursuant to an exemption from registration contained in Section 4(a)(2) of the&nbsp;Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>The Tumim Stone Transaction</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On December 8, 2021, we completed a private placement to Tumim Stone, pursuant
to which we have the right to sell to Tumim Stone up to $125 million in shares of our Common Stock, subject to certain limitations, from
time to time over the approximate 36-month period commencing on the closing date of the common stock purchase agreement dated December
8, 2021, provided that the conditions precedent to Commencement have occurred. We issued 10,088 shares of our Common Stock as commitment
shares to Tumim Stone as consideration for its irrevocable commitment to purchase our shares under the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The securities were issued or sold by us under the Purchase Agreement in
reliance upon an exemption from the registration requirements under the&nbsp;Securities Act of 1933, or the&nbsp;Securities Act, afforded
by Section 4(a)(2) of the&nbsp;Securities Act&nbsp;and&nbsp;Rule 506(b) of&nbsp;Regulation D&nbsp;promulgated thereunder. In the Purchase
Agreement, Tumim Stone represented to us, among other things, that it was an &#8220;accredited investor&#8221; (as such term is defined
in&nbsp;Rule 501(a) of&nbsp;Regulation D&nbsp;under the&nbsp;Securities Act).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>The September 2022 Transaction</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On September 15, 2022, the Company entered into a Securities Purchase Agreement
in connection with a transaction pursuant to which the Company issued to an institutional investor, a senior unsecured convertible promissory
note and a warrant to purchase the Company&#8217;s Common Stock. The offer, sale and issuance of the note and the warrant was made in
reliance upon the exemptions contained in Section 4(a)(2) of the&nbsp;Securities Act&nbsp;and/or&nbsp;Rule 506&nbsp;of&nbsp;Regulation
D&nbsp;promulgated thereunder. The Note Registration Rights Agreement requires the Company to prepare and file a registration statement
to cover the resale of the Company&#8217;s Common Stock issuable upon conversion of the note and/or exercise of the warrant. Such registration
statement on Form S-3 (Registration No. 333-267937) was filed by the Company with the SEC under the&nbsp;Securities Act&nbsp;on October
19, 2023, and declared effective by the SEC on October 27, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Dowslake Transaction</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><BR>
On May 10, 2024, the Company entered into the Dowslake Purchase Agreement with Dowslake, pursuant to which Dowslake has agreed to purchase
330,823 shares of Common Stock for the purchase price of $834, which represents a per share purchase price of $2.58, the Nasdaq Official
Closing Price (as defined under the rules and regulations of the Nasdaq Stock Market) of the Common Stock immediately preceding the execution
of the Dowslake Purchase Agreement and the Dowslake Note with the principal amount of $146 for an aggregate purchase price of $1.0 million
for both the purchased shares and the Dowslake Note. The Dowslake Transaction closed on June 4, 2024. The securities were issued or sold
by us under the Dowslake Purchase Agreement in reliance on an exemption from the registration requirements under the&nbsp;Securities Act&nbsp;provided
in Section 4(a)(2) of the&nbsp;Securities Act&nbsp;and&nbsp;Rule 506(b) of&nbsp;Regulation D&nbsp;promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>New Circle Transaction</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On July 25, 2024, the Company entered into the Purchase Agreement with
New Circle Principal Investments LLC (&#8220;New Circle&#8221;) pursuant to which New Circle has agreed to purchase from the Company,
at the option of the Company, up to $50.0 million of shares of Common Stock from time to time over a 36- month period. The Purchase Agreement
is subject to certain limitations including, but not limited to, the filing and effectiveness of a registration statement covering the
shares of Common Stock that are issuable to New Circle under the Purchase Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the terms of the Purchase Agreement,
at the time we signed the Purchase Agreement, we issued 225,563 commitment shares to New Circle as consideration for its irrevocable commitment
to purchase shares of our Common Stock under the Purchase Agreement. The securities were issued or sold by us under the Purchase Agreement
in reliance upon an exemption from the registration requirements under the&nbsp;Securities Act of 1933, or the&nbsp;Securities Act, afforded
by Section 4(a)(2) of the&nbsp;Securities Act&nbsp;and&nbsp;Rule 506(b) of&nbsp;Regulation D&nbsp;promulgated thereunder.<B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>January 2025 Note and Warrant Transaction </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On January 2, 2025, the Company entered into a Securities Purchase Agreement
with an institutional investor pursuant to which we issued to such institutional investor a senior unsecured convertible promissory note
in the aggregate principal amount of $3.24 million for an aggregate purchase price of $3 million and a warrant to purchase up to 805,263
shares of Common Stock. The convertible note has an eighteen month term and an interest rate of 7.0% per annum. The convertible note is
convertible into Common Stock at a per share conversion price equal to $2.22, subject to adjustments contained in the convertible note.
<FONT STYLE="background-color: white">Commencing on the date that is 90 days from the date of the closing, and on the first trading day
of each month thereafter and the maturity date (each, an &#8220;Installment Date&#8221;) until the </FONT>convertible <FONT STYLE="background-color: white">note
is fully redeemed, the Company is generally obligated to pay the holder of the </FONT>convertible <FONT STYLE="background-color: white">note
an amount equal to the sum of (A) (x), with respect to any Installment Date other than the maturity date, one-fifteenth of the initial
principal amount under the </FONT>convertible <FONT STYLE="background-color: white">note and (y), with respect to the Installment Date
that is the maturity date, the principal amount then outstanding under the </FONT>Convertible <FONT STYLE="background-color: white">Note
as of such Installment Date, (B) any amount deferred pursuant to the terms of the </FONT>convertible <FONT STYLE="background-color: white">note;
(C) any amount accelerated pursuant to the terms of the </FONT>convertible <FONT STYLE="background-color: white">note and (D), in each
of the foregoing, the sum of any accrued and unpaid interest, the make-whole amount and unpaid late fees and charges, if any, payable
pursuant to the terms of the </FONT>convertible <FONT STYLE="background-color: white">note as of such Installment Date (the &#8220;Installment
Amount&#8221;). The Company, if certain equity conditions are satisfied, may elect to pay all or part of the Installment Amount in shares
of Common Stock based on a conversion price equal to the lower of (i) the conversion price and (ii) the greater of (x) the floor price
of $0.30 and (y) 90% of the VWAP (as defined in the convertible note) in the five (5) trading days immediately prior to the applicable
Installment Date. </FONT>The warrant has an initial exercise price of $2.22 and is exercisable after the six month and one day anniversary
of its issuance for a period of four years. The securities were issued or sold by us under the Purchase Agreement in reliance upon an
exemption from the registration requirements under the&nbsp;Securities Act of 1933, or the&nbsp;Securities Act, afforded by Section 4(a)(2)
of the&nbsp;Securities Act&nbsp;and&nbsp;Rule 506(b) of&nbsp;Regulation D&nbsp;promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0"><B>Item&nbsp;16. Exhibits and Financial Statement Schedules. </B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24.45pt">(a)</TD><TD><B>Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 67%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-left: 5pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Incorporated by
    Reference</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Exhibit</B></P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD>
    <TD STYLE="padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Form</B>&nbsp;</P></TD>
    <TD STYLE="padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B>&nbsp;</P></TD>
    <TD STYLE="padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Filing<BR>
    Date</B> &nbsp;</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">2.1*&#8224;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Merger Agreement, dated as of February&nbsp;17, 2021, by and among the Company, Merger Sub and AEye Technologies</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">S-4</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">2.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">5/13/2021</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">2.2*&#8224;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Amendment to the Merger Agreement, dated as of April&nbsp;30, 2021, by and among the Company, Merger Sub and AEye Technologies</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">S-4</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">2.2</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">5/13/2021</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">3.1*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000119312521253301/d188241dex31.htm">Second Amended and Restated Certificate of Incorporation of AEye, Inc.</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">3.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8/23/2021</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">3.2*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000119312521253301/d188241dex32.htm">Amended and Restated Bylaws of AEye, Inc.</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">3.2</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8/23/2021</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.1in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3.3*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000181864423000006/exhibit32amendmentofcertif.htm">Certificate of Amendment of the Second Amended and Restated Certificate of Incorporation of AEye, Inc.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10-Q</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">3.2</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/11/2023</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3.4*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787123001187/ss2860285_ex0301.htm">Certificate of Amendment to the Company&#8217;s Second Amended and Restated Certificate of Incorporation, as amended, filed on December 26, 2023.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">3.1</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">12/29/2023</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Incorporated by
    Reference</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Exhibit</B></P></TD>
    <TD STYLE="width: 67%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD>
    <TD STYLE="width: 8%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Form</B>&nbsp;</P></TD>
    <TD STYLE="width: 7%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B>&nbsp;</P></TD>
    <TD STYLE="width: 9%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Filing<BR>
    Date</B> &nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in; width: 67%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right; width: 9%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.1*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787121001285/ss682453_ex0401.htm">Registration Rights Agreement by and between AEye, Inc. and Tumim Stone Capital LLC, dated December&nbsp;8, 2021</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K/A</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">12/15/2021</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.2*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390020038048/ea130122ex4-1_cffinanceacq3.htm">Warrant Agreement dated November&nbsp;12, 2020, between Continental Stock Transfer&nbsp; &amp; Trust Company and CF Finance Acquisition Corp. III</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">S-4</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">5/13/2021</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in; width: 9%"><FONT STYLE="font-size: 10pt">4.3*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in; width: 67%"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390020032611/ea128663ex4-3_cffinanceacq.htm">Specimen Warrant Certificate</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">S-4</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">5/13/2021</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.4*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787124000640/ss3682127_ex0401.htm">Registration Rights Agreement by and between AEye, Inc. and New Circle Principal Investments LLC, dated July 25, 2024.</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">7/29/2024</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.5*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 9.05pt"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/ss3392133_ex1001.htm">Securities Purchase Agreement by and among AEye, Inc. and Dowslake Microsystems Corporation, dated May 10, 2024</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">5/15/2024</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 9.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.6*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787124000485/ss3392133_ex0401.htm">Form of Unsecured Convertible Promissory Note issued pursuant to and in accordance with the Securities Purchase Agreement</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">5/15/2024</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.7*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787124000754/ss3860903_ex0101.htm">At Market Issuance Sales Agreement by and between AEye, Inc. and A.G.P./Alliance Global Partners, dated September 12, 2024.</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">1.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">9/13/2024</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.8*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_ex0401.htm">Form of Senior Unsecured Promissory Note issued by the Company pursuant to and in accordance with the Securities Purchase Agreement</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">1/3/2025</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.9*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_ex0402.htm">Form of Common Stock Purchase Warrant issued by the Company pursuant to and in accordance with the Securities Purchase Agreement</A> </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">1/3/2025</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">4.10*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_ex1001.htm">Securities Purchase Agreement by and between AEye, Inc. and the party named thereto, dated January 2, 2025</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">8-K</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">1/3/2025</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">4.11*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000181864422000008/exhibit45descriptionofsecu.htm">Description of Securities Registered under Section 12 of the Securities Exchange Act of 1934</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10-K</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">4.5</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">3/28/2022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">4.12*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000094787125000004/ss4290690_ex1002.htm">Registration Rights Agreement by and between the Company and the party named thereto, dated January 2, 2025.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.2</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">1/3/2025</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: right">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">5.1#</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="ss448180_ex0501.htm">Opinion of Allen Overy Shearman Sterling US LLP</A></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 5pt; line-height: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Incorporated by
    Reference</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Exhibit</B></P></TD>
    <TD STYLE="width: 67%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD>
    <TD STYLE="width: 8%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Form</B>&nbsp;</P></TD>
    <TD STYLE="width: 7%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B>&nbsp;</P></TD>
    <TD STYLE="width: 9%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Filing<BR>
    Date</B> &nbsp;</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.1*+</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Form
of PIPE Subscription Agreement</A></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4pt 0 0"></P></TD>
    <TD STYLE="vertical-align: top; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/13/2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4pt 0 0"></P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.2*+</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000119312521253301/d188241dex102.htm">Form
of Indemnification Agreement</A></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8/16/2021</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.3*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021009943/ea135852ex10-2_cffinance3.htm">Form of Stockholder Support Agreement, by and among CF Finance Acquisition Corp. III and certain stockholders of AEye, Inc.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: middle; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">2/17/2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.4*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Form of Amended and Restated Stockholder Support Agreement, by and among CF Finance Acquisition Corp. III and certain stockholders of AEye, Inc.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/13/2021</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.5*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Form of Sponsor Support Agreement, by and among CF Finance Acquisition Corp. III, CF Finance Holdings III, LLC and AEye, Inc.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">10.3</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/13/2021</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0 4pt 0 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.6*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.5pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Form of Amendment to Sponsor Support Agreement, by and among CF Finance Acquisition Corp. III, CF Finance Holdings III, LLC and AEye, Inc.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.4</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/13/2021</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.7*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.5pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Form of Lock-Up Agreement, by and among CF Finance Acquisition Corp. III, AEye, Inc. and the holder signatory thereto</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">S-4</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.5</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="text-align: right; vertical-align: middle; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">5/12/2021</P>
    <P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.8*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021024117/ea140228ex10-3_cffinance3.htm">Promissory
Note dated April 30, 2021</A></P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.3</P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/03/2021</P>
</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.9*+</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Amended
and Restated AEye, Inc. 2021 Equity Incentive Plan</A></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.7</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/12/2021</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.10*</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021ex10-8_cffinance.htm">Office Lease by and between TRT NOIP DUBLIN LP and the Company, dated April 26, 2019</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">S-4</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.8</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5/12/2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.11*</P></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787122000382/ss874208_ex1001.htm">Form
of Change in Control Severance Agreement</A></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.1</P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">3/18/2022</P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.12*</P>
</TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787121001285/ss682453_ex1001.htm">Common Stock Purchase Agreement by and between AEye, Inc. and Tumim Stone Capital LLC, dated December 8, 2021</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K/A</P>
</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.1</P>
</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">12/15/2021</P>
</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> 10.13* </P></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"> <A HREF="https://www.sec.gov/Archives/edgar/data/1818644/000121390021025902/fs42021_cffinanceacq3.htm">Registration
    Rights Agreement, by and among CF Finance Acquisition Corp. III and the investors listed thereto.</A> </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 10-K </P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 10.13 </P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 3/28/2022 </P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.14*</P>
    </TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787122000970/ss1339800_ex0401.htm">Form of Senior Unsecured Convertible Note, dated September 15, 2022</A></P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">4.1</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">9/16/2022</P>
</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.15*+</P>
    </TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000119312521253301/d188241dex102.htm">Form of Indemnification Agreement</A></P>
</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.2</P>
</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8/23/2021</P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.16*</P>
    </TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787122000970/ss1339800_ex0402.htm">Form of Common Stock Purchase Warrant, dated September 15, 2022</A></P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">4.2</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">9/16/2022</P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> 10.17* </P>
    </TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"> <A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787122000970/ss1339800_ex1001.htm">Securities
    Purchase Agreement by and among AEye, Inc. and 3i,LP, dated September 15, 2022</A> </P>
</TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 8-K </P>
</TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 10.1 </P>
</TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 9/16/2022 </P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD STYLE="padding-left: 0.1in"> &nbsp; </TD>
    <TD STYLE="padding-left: 0.1in"> &nbsp; </TD>
    <TD STYLE="padding-left: 0.1in"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"> 10.18* </P>
    </TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"> <A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787122000970/ss1339800_ex1002.htm">Registration
    Rights Agreement by and among AEye, Inc. and 3i,LP, dated September 15, 2022</A> </P>
    </TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 8-K </P>
</TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 10.2 </P>
</TD>
    <TD STYLE="padding-left: 0.1in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"> 9/16/2022 </P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.19*+</P>
    </TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787123000112/ss1717887_ex1001.htm">Offer Letter by and between the Company and Matthew Fisch, dated January 20, 2023.</A></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"></P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.1</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">2/01/2023</P>
</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.20*+</P>
    </TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000094787123001046/ss2682739_ex1001.htm">Form
Retention Agreement</A></P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8-K</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">10.1</P>
</TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">11/07/2023</P>
</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Incorporated by
    Reference</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Exhibit</B></P></TD>
    <TD STYLE="width: 67%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD>
    <TD STYLE="width: 8%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Form</B>&nbsp;</P></TD>
    <TD STYLE="width: 7%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B>&nbsp;</P></TD>
    <TD STYLE="width: 9%; padding-left: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Filing<BR>
    Date</B> &nbsp;</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.21*+</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1818644/000114036122012245/ny20002623x1_def14a.htm#tANNA">AEye, Inc. 2022 Employee Stock Purchase Plan</A></FONT></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">AEye, Inc. Definitive Proxy Statement on Schedule 14A</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Annex A</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="padding-left: 0.1in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">3/31/2022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">23.1#</FONT></TD>
    <TD STYLE="padding-left: 0.15in"><FONT STYLE="font-size: 10pt"><A HREF="ss448180_ex2301.htm">Consent of Deloitte&nbsp;&amp; Touche LLP (with respect to AEye, Inc. financial statements)</A> </FONT></TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"> <FONT STYLE="font-size: 10pt">23.2#</FONT> </TD>
    <TD STYLE="padding-left: 0.15in"> <FONT STYLE="font-size: 10pt"><A HREF="ss448180_ex2302.htm">Consent of KPMG LLP (with respect
    to AEye, Inc. financial statements)</FONT> <FONT STYLE="font-size: 10pt"></A></FONT></TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"> 23.3# </TD>
    <TD STYLE="padding-left: 0.15in"> Consent of Allen Overy Shearman Sterling US LLP (included in Exhibit 5.1) </TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"> <FONT STYLE="font-size: 10pt">24.1*</FONT> </TD>
    <TD STYLE="padding-left: 0.15in"> <FONT STYLE="font-size: 10pt">Powers of Attorney (included on the signature page)</FONT> </TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8.5pt"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">107#</P></TD>
    <TD>
    <P STYLE="padding-left: 0.15in; font: 10pt Times New Roman, Times, Serif"><A HREF="ss448180_ex1070.htm">Filing Fee Table.</A></P>
    </TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 0.1in; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24.45pt">&#8224;</TD><TD>Certain exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5), which the Registrant
agrees to furnish supplementally to the SEC upon its request.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24.45pt">#</TD><TD>Filed Herewith.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24.45pt">*</TD><TD>Previously filed.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt; text-align: right"></TD><TD STYLE="width: 24.25pt">+</TD><TD STYLE="text-align: justify">Indicates a management contract or compensatory plan.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.45pt; text-indent: -24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0.25in; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24.45pt">(b)</TD><TD><B>Financial Statement Schedules. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">Schedules not listed above have been omitted because the information
required to be set forth therein is not applicable or is shown in the financial statements or notes thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0"><B>Item&nbsp;17. Undertakings. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">(1) to file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 0.5in; text-indent: 0.5in">(i)&nbsp;to include any prospectus required
by Section&nbsp;10(a)(3) of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 1in">(ii)&nbsp;to reflect in the prospectus any facts or events arising
after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration
statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0 1in">(iii)&nbsp;to include any material information with respect to
the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration
statement; provided, however, that paragraphs (i), (ii) and (iii)&nbsp;do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section&nbsp;13
or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained
in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">(2) that, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">(3) to remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">(4) that, for the purpose of determining liability under the Securities
Act to any purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.5pt">(i) &nbsp;&nbsp;&nbsp;Each prospectus filed by the registrant pursuant
to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and
included in the registration statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.5pt">(ii) &nbsp;&nbsp;&nbsp;Each prospectus required to be filed pursuant
to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant
to Rule 415(a)(1)(i), (vii), or (x)&nbsp;for the purpose of providing the information required by section 10(a) of the Securities Act
of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus
is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus.
As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be
deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that
prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided,
however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document
incorporated or deemed incorporated by reference in the registration statement or prospectus that is part of the registration statement
will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made
in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior
to such effective date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(5) that, for the purpose of determining liability of the registrant under
the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary
offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used
to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications,
the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-indent: 24.5pt">(i) any preliminary prospectus or prospectus
of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 24.5pt">(ii) any free writing prospectus relating to
the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 24.5pt">(iii) the portion of any other free writing
prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or
on behalf of an undersigned registrant; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 24.5pt">(iv) any other communication that is an offer
in the offering made by the undersigned registrant to the purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the
registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of the registrant&#8217;s annual report pursuant to section
13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#8217;s
annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Pursuant to the requirements of the Securities Act of 1933, the
registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, hereunto duly authorized, in Pleasanton,
California, on this 24th day of February, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="LEFT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>AEYE, INC.</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Matthew Fisch</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name:&nbsp;&nbsp;Matthew Fisch</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify">Pursuant to the requirements
of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date
indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;</P>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; border-bottom: Black 0.5pt solid"><B>Signature</B></P></TD>
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Title</B></P></TD>
    <TD STYLE="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Date</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Matthew Fisch</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Chief Executive Officer and Board Chair</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Matthew Fisch</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(Principal Executive Officer)</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Chief Financial Officer and Treasurer</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Conor B. Tierney</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(Principal Financial Officer and Principal Accounting Officer)</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Timothy J. Dunn </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Luis Dussan </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Prof. Dr. Bernd Gottschalk</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Jonathon B. Husby</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sue E. Zeifman</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">February 24, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">*
    By: /s/ Matthew Fisch </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Matthew Fisch</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attorney-in-fact</P></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">39</P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ss448180_ex0501.htm
<DESCRIPTION>REGISTRATION STATEMENT ON FORM S-1
<TEXT>
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<HEAD>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD>
    <P STYLE="font: 8pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">1460 El Camino Real, 2nd Floor<BR>
    Menlo Park, CA 94025</P>
    <P STYLE="font: 8pt/10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt; text-align: center">+1.650.838.3600</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: right">Exhibit 5.1</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt">February 24, 2025</P>

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    <TD STYLE="width: 100%; padding-right: 5.75pt; padding-bottom: 0.15in">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">AEye, Inc.</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">4670 Willow Road, Suite 125</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Pleasanton, CA 94588</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-bottom: 0.15in">&nbsp;</TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><U>AEye, Inc.</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>Registration Statement on Form S-1</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Ladies and Gentlemen:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">We have acted as counsel to AEye, Inc., a Delaware corporation (the
&ldquo;<U>Company</U>&rdquo;), in connection with the preparation and filing by the Company of the Registration Statement on Form S-1
(File No. 333-284323), as amended (the &ldquo;<U>Registration Statement</U>&rdquo;), with the Securities and Exchange Commission (the
&ldquo;<U>Commission</U>&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), relating to the
registration by the Company of the offer and sale from time to time by the selling stockholders (the &ldquo;<U>Selling Stockholders</U>&rdquo;)
covered by the Registration Statement of up to 9,638,718 shares of common stock, par value $0.0001, of the Company (&ldquo;<U>Common Stock</U>&rdquo;),
of which (i) 330,823 shares (&ldquo;<U>Dowslake Shares</U>&rdquo;) of Common Stock were issued pursuant to that certain purchase agreement
with Dowslake Microsystems Corporation (&ldquo;<U>Dowslake</U>&rdquo;), (ii) up to 8,100,000 shares (the &ldquo;<U>Note Shares</U>&rdquo;)
of Common Stock are issuable upon conversion of a convertible note purchased by 3i, LP (the &ldquo;<U>Note</U>&rdquo;) and (iii) up to
1,207,895 shares (the &ldquo;<U>Warrant Shares</U>&rdquo;) of Common Stock are issuable upon exercise of a warrant to purchase Common
Stock held by 3i, LP (the &ldquo;<U>Warrant</U>&rdquo;), each as described in the prospectus forming a part of the Registration Statement
(the &ldquo;<U>Prospectus</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">In rendering the opinions expressed below, we have reviewed originals
or copies of the following documents (the &ldquo;<U>Opinion Documents</U>&rdquo;):</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>The Second Amended and Restated Certificate of Incorporation and the Amended and Restated Bylaws of the Company, in each case, as
amended through the date hereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>The Registration Statement;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>The Prospectus; and</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <TD STYLE="width: 100%; font: bold 9.5pt Arial Narrow, Helvetica, Sans-Serif">AOSHEARMAN.COM</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 6pt/8pt Arial, Helvetica, Sans-Serif">Allen Overy Shearman Sterling US LLP is a limited liability partnership organized under the laws of the State of Delaware. Allen Overy Shearman Sterling US LLP is affiliated with Allen Overy Shearman Sterling LLP, a limited liability partnership registered in England and Wales with registered number OC306763 and with its registered office at One Bishops Square, London E1 6AD.&nbsp;&nbsp;It is authorized and regulated by the Solicitors Regulation Authority of England and Wales (SRA number 401323).&nbsp;&nbsp;The term partner is used to refer to a member of Allen Overy Shearman Sterling LLP or an employee or consultant with equivalent standing and qualifications.&nbsp;&nbsp;A list of the members of Allen Overy Shearman Sterling LLP and of the non-members who are designated as partners is open to inspection at its registered office at One Bishops Square, London E1 6AD.</TD></TR>
  </TABLE>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="font: 12pt Times New Roman, Times, Serif">February 24, 2025</TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>Such other corporate records of the Company, certificates of public officials and of officers of the Company and agreements and other
documents as we have deemed necessary as a basis for the opinions expressed below, including the forms of the Note and the Warrant, filed
as Exhibits 4.8 and 4.9, respectively, to the Registration Statement.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">In our review of the Opinion Documents, we have assumed:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>The genuineness of all signatures;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>The authenticity of the originals of the documents submitted to us;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>The conformity to authentic originals of any documents submitted to us as copies; and</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>As to matters of fact, the truthfulness of the representations made in the Opinion Documents, and in certificates of public officials
and officers of the Company.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">We have not independently established the validity of the foregoing
assumptions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Based upon the foregoing and upon such other investigation as we
have deemed necessary and subject to the qualifications set forth below, we are of the opinion that:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>The Dowslake Shares have been duly authorized by the Company and are validly issued, fully paid and non-assessable;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>The Note Shares have been duly authorized by the Company, and when issued and delivered by the Company upon conversion of the Note
in accordance with the terms thereof, will be validly issued, fully paid and non-assessable; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>The Warrant Shares have been duly authorized by the Company, and when issued and delivered by the Company upon exercise of the Warrant
in accordance with the terms thereof, will be validly issued, fully paid and non-assessable.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">This opinion letter is limited to the General
Corporation Law of the State of Delaware and we do not express any opinion herein concerning any other law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">This opinion letter is delivered to you in connection with the filing
of the Registration Statement. This opinion letter may not be relied upon by you for any other purpose without our prior written consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">This opinion letter speaks only as of the date hereof. We expressly
disclaim any responsibility to advise you of any development or circumstance of any kind, including any change of law or fact, that may
occur after the date of this opinion letter and which might affect the opinions expressed herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Page 2 of 3</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="font: 12pt Times New Roman, Times, Serif">February 24, 2025</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">We hereby consent to the filing of this opinion letter as an exhibit
to the Registration Statement and to the use of our name therein and in the Prospectus under the caption &ldquo;Legal Matters.&rdquo;
In giving this consent, we do not hereby admit that we come within the category of persons whose consent is required under Section 7 of
the Securities Act, or the rules and regulations of the Commission promulgated thereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 60pt">Very truly yours,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-weight: normal">/s/ Allen Overy Shearman Sterling US
LLP</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">YH/dl/hs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">CMF</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Page 3 of 3</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ss448180_ex2301.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #666666"><FONT STYLE="color: Black; background-color: white">CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #666666"><FONT STYLE="color: Black; background-color: white">We
consent to the incorporation by reference in this Registration Statement No. 333-284323 on Form S-1 of our report dated March 26, 2024
(February 24, 2025, as to the subsequent events described in Note 16) relating to the financial statements of AEye, Inc., appearing in
the Annual Report on Form 10-K of AEye, Inc. for the year ended December 31, 2023. We also consent to the reference to us under the heading
&quot;Experts&quot; in such Registration Statement.</FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #666666"><FONT STYLE="color: Black; background-color: white">/s/
DELOITTE &amp; TOUCHE LLP</FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #666666"><FONT STYLE="color: Black; background-color: white">San
Francisco, CA</FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #666666"><FONT STYLE="color: Black; background-color: white">February
24, 2025</FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"></P>

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<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>4
<FILENAME>ss448180_ex2302.htm
<DESCRIPTION>CONSENT OF KPMG LLP
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: left"><B><IMG SRC="image_001.jpg" ALT=""></B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 140pt"><FONT STYLE="font-weight: normal">KPMG LLP</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 140pt"><FONT STYLE="font-size: 8pt">2755 Augustine Drive<BR>
Suite 701<BR>
Santa Clara, CA 95054</FONT></P>
<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>Consent of Independent Registered Public
Accounting Firm</B></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-weight: normal">We consent to the use of our
report dated February 24, 2025, with respect to the consolidated financial statements of AEye, Inc., incorporated herein by reference,
and to the reference to our firm under the heading &quot;Experts&quot; in the prospectus.</FONT></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="text-align: center; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><FONT STYLE="font-weight: normal">&nbsp;<IMG SRC="image_002.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-weight: normal">Santa Clara, California<BR>
February 24, 2025</FONT></P>
<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-weight: normal"></FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>ss448180_ex1070.htm
<DESCRIPTION>CALCULATION OF FILING FEE TABLE
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 107</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF FILING FEE TABLE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>S-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Form Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AEye, Inc.<BR>
</B>(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Table 1: Newly Registered Securities and Carry Forward
Securities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Security </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Type</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Security Class </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Title</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fee </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Calculation </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>or Carry </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Forward </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rule</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Amount </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Registered </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(1)(2)</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Proposed </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Maximum </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Offering </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Price Per </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Unit</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Maximum </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Aggregate </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Offering Price</B></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fee Rate</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Amount of Registration </B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fee</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">Newly Registered Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt">Fees to be <BR>Paid</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt">Equity</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Common Stock,</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">par value $0.0001</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">per share</P></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">Rule 457(c)</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">4,285,008</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">0.799</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">(3)</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">3,423,721.39</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">0.00015310</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 7%; border-bottom: Black 1pt solid; text-align: right">524.17</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Fees <BR>Previously <BR>Paid</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Common Stock,</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">par value $0.0001</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">per share</P></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">Rule 457(c)</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,353,710</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.28</TD><TD STYLE="padding-bottom: 1pt; text-align: left">(4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,852,748.80</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.00015310</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,049.16</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Carry <BR>Forward <BR>Securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Total Offering Amounts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,276,470.19</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.00015310</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,573.33</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Total Fees Previously Paid</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,049.16</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Total Fee Offsets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Net Fee Due</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">524.17</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(1).</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to Rule 416 under the Securities Act of 1933, as amended (the
    &ldquo;<U>Securities Act</U>&rdquo;), this registration statement shall be deemed to cover an indeterminate number of additional shares
    to be offered or issued from stock splits, stock dividends or similar transactions with respect to the shares being registered.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(2).</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;This Registration Statement covers shares of common stock, $0.0001 par value per share (&ldquo;<U>Common Stock</U>&rdquo;), of AEye, Inc. consisting of (i) 330,823 shares of Common Stock issued to a selling stockholder pursuant to the Dowslake Purchase Agreement (as defined in the Registration Statement) and (ii) up to 9,307,895 shares of Common Stock issuable to a selling stockholder upon the conversion of the Convertible Note or exercise of the Warrant (each as defined in the Registration Statement).</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(3).</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0">Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) under the Securities Act. The offering price per share and aggregate offering price are based upon the average of the high and low prices per share of Common Stock as reported on the Nasdaq Global Market on February 19, 2025, a date within five business days prior to the filing of the Amendment No.1 to the Registration Statement.&nbsp;</P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(4).</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Estimated solely for purposes of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act. The offering price per share and aggregate offering price are based upon the average
of the high and low prices per share of Common Stock as reported on the Nasdaq Global Market on January 15, 2025, a date within five
business days prior to the original filing of this Registration Statement.&nbsp;</P></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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