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AEye, Inc. has successfully completed its business combination with CF Finance Acquisition Corp. III (CFAC), which was approved by stockholders on August 12, 2021. The combined entity will operate under the name AEye, Inc. and begin trading on Nasdaq as 'LIDR' from August 18, 2021. AEye aims to leverage its advanced LiDAR technology and strategic partnerships, notably with Continental and NVIDIA, to enhance its market position in the rapidly growing autonomous vehicle sector. The transaction enhances AEye's capability to scale production and capture growth opportunities.
CF Finance Acquisition Corp. III (Nasdaq: CFAC) announced that the SEC declared effective its S-4 registration statement for its business combination with AEye, Inc., a leading provider of LiDAR systems. The merger, expected to close in Q3 2021, aims to provide AEye with up to $455 million in gross proceeds. A Special Meeting of Stockholders is scheduled for August 12, 2021, to approve the combination. Upon closing, AEye will list on Nasdaq under the symbol LIDR.
AEye and CF Finance Acquisition Corp. III (CFAC) have rescheduled their virtual Investor Day from June 23 to July 16, 2021. The event will feature key presentations from AEye executives at 11:00 AM EDT and will include discussions on LiDAR technology across various markets. AEye's merger with CFAC will enable trading on Nasdaq under the ticker 'LIDR'. A webcast of the event will be available on AEye's Investor Relations website, with a replay accessible afterward.
AEye, Inc., a leader in active LiDAR solutions, has partnered with CF Finance Acquisition Corp. III (CFAC) to announce its participation in several virtual investor conferences. Key presentations include:
- The Information AV Summit on June 9, 2021, at 3:50 PM ET
- Baird Global Consumer, Technology & Services Conference on June 10, 2021, at 12:50 PM ET
- Baird Autonomous Vehicle Video Webcasts on June 15, 2021, at 11:00 AM ET
- Reuters Car of the Future on June 15, 2021, at 12:20 PM ET
- Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 12:00 PM ET
- Credit Suisse Mobility Start-up Forum on June 22, 2021
For more details, visit AEye's website.
AEye, Inc., a leader in LiDAR solutions, will host a virtual Investor Day on June 23, 2021, from 11:00 AM to 12:15 PM EDT. Presentations will include AEye executives discussing industry perspectives and insights. AEye is merging with CF Finance Acquisition Corp. III (Nasdaq: CFAC), with the new entity named AEye Holdings, Inc., and AEye shareholders retaining 100% equity. Post-merger, AEye will trade on Nasdaq under the ticker LIDR. A webcast of the event will be available on AEye’s Investor Relations website.
AEye, Inc. announced the nomination of four new board members following its merger with CF Finance Acquisition Corp. III (CFAC). The new members include Carol DiBattiste as chair, Timothy J. Dunn as audit committee chair, and Professor Dr. Bernd Gottschalk and Dr. Karl-Thomas Neumann as independent directors. This expansion is part of AEye's strategy to enhance governance and scale operations for its active LiDAR systems. A virtual Investor Day is set for June 23, 2021, to discuss growth strategies and industry insights. AEye will trade as AEye Holdings, Inc. under the ticker “LIDR” post-merger.
CF Finance Acquisition Corp. III (Nasdaq: CFAC) announced an amendment to its merger agreement with AEye, Inc., reducing the pre-merger valuation from $1.9 billion to $1.52 billion. AEye shareholders will retain 100% of their equity in the new entity, to be named AEye Holdings, Inc., which will operate under the ticker symbol 'LIDR' post-merger.
The deadline for completing the merger has been extended to September 17, 2021, with potential further extensions. Proceeds from the transaction are projected to reach up to $455 million, supported by a $225 million PIPE investment from notable investors.
AEye, Inc. has announced that Continental AG will participate in its $225 million PIPE offering connected to its merger with CF Finance Acquisition Corp. III (Nasdaq: CFAC). This move highlights the strong relationship between AEye and Continental, enhancing their collaboration in developing advanced driver assistance systems (ADAS). The merger, expected to list AEye on Nasdaq, will provide $230 million in cash from CF III, supporting AEye's growth strategies. Both companies aim to innovate vehicle safety solutions, leveraging AEye's high-performance LiDAR technology.
AEye, Inc. and CF Finance Acquisition Corp. III (CFAC) announced a definitive merger agreement, creating AEye Holdings, Inc. The transaction, expected to close in Q2 2021, aims to leverage AEye's cutting-edge active LiDAR technology for autonomous driving. The merger is anticipated to generate up to $455 million in proceeds, supported by a $225 million PIPE from strategic investors. AEye's innovative iDAR platform promises enhanced performance in various markets, including automotive and robotics, retaining its leadership team post-merger.
