Form 8-K - Current report
18 Dezember 2023 - 10:12PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): December
18, 2023
AEYE, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-39699 |
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37-1827430 |
(State or other jurisdiction |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
of incorporation) |
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|
|
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One Park Place, Suite 200, Dublin, California |
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94568 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area
code: (925) 400-4366
|
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
LIDR |
The Nasdaq Stock Market LLC |
Warrants to receive one share of Common Stock |
LIDRW |
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company ☒
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 13(a) of the Exchange Act.
Following the December 4, 2023 announcement by Continental
AG (“Continental”) related to its corporatewide restructuring and expense reduction efforts, representatives of Continental
informed AEye, Inc. (the “Company”) that Continental intends to discontinue the parties’ joint lidar development
program, including any further development of the HRL131 lidar product line. Continental and the Company are currently engaged in negotiations
regarding a transition of the joint lidar program.
Having made significant progress in product
performance, maturity, and cost reduction over the last six months, the Company intends to address the automotive market interest it
continues to see by furthering its ongoing discussions with other Tier 1 automotive suppliers. The Company continues to focus on
commercialization of its next generation 4Sight™ Flex product, which is believed to be the only 1550 nanometer
high-performance lidar capable of in-cabin integration.
Important Notice Regarding Forward-Looking Statements
This Current Report on Form 8-K (this “Current
Report”) contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995
that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements
by the following words: “outlook,” “target,” “reflect,” “on track,” “foresees,”
“future,” “may,” “deliver,” “will,” “shall,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,”
or the negative of these terms, other comparable terminology (although not all forward-looking statements contain these words), or by
discussions of strategy, plans, or intentions. Forward looking statements included in this Current Report include statements about the
Company’s relationship with Continental, the transition of the joint lidar program, the progress with respect to product development,
the ongoing discussions with other Tier 1 automotive suppliers, and the Company’s focus on the commercialization of its next generation
product, among others. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity,
performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements.
Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this Current Report, it cautions
you that these statements are based on a combination of facts and factors currently known by the Company and its projections of the future,
about which the Company cannot be certain.
With respect to the matters addressed in this Current
Report they are subject to certain assumptions, and actual results may differ significantly. Except as required by law, the Company undertakes
no duty or obligation to update any forward-looking statements contained in this Current Report, whether as a result of new information,
future events, or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
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AEye, Inc. |
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Dated: December 18, 2023 |
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|
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By: |
/s/ Andrew S. Hughes |
|
|
|
Andrew S. Hughes |
|
|
|
Senior Vice President, General Counsel & Corporate Secretary |
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Dec. 18, 2023 |
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Document Period End Date |
Dec. 18, 2023
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Entity File Number |
001-39699
|
Entity Registrant Name |
AEYE, INC.
|
Entity Central Index Key |
0001818644
|
Entity Tax Identification Number |
37-1827430
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
One Park Place
|
Entity Address, Address Line Two |
Suite 200
|
Entity Address, City or Town |
Dublin
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
94568
|
City Area Code |
(925)
|
Local Phone Number |
400-4366
|
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Pre-commencement Tender Offer |
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Entity Emerging Growth Company |
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Elected Not To Use the Extended Transition Period |
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Common Stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Common Stock, par value $0.0001 per share
|
Trading Symbol |
LIDR
|
Security Exchange Name |
NASDAQ
|
Warrants to receive one share of Common Stock |
|
Title of 12(b) Security |
Warrants to receive one share of Common Stock
|
Trading Symbol |
LIDRW
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Security Exchange Name |
NASDAQ
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