Shearman And Sterling

News December 08, 2021

AEye’s $125 Million Equity Line

Shearman & Sterling represented AEye, Inc. in connection with a $125 million equity line common stock purchase agreement with Tumim Stone Capital LLC (Tumim Stone). Under the terms and subject to the conditions of the purchase agreement, AEye will have the right, but not the obligation, to issue and sell to Tumim Stone up to $125 million of its common stock from time-to-time over the approximately 36-month term of the purchase agreement.

AEye (NASDAQ:LIDR), founded in 2013, is a global leader in adaptive, high-performance LiDAR solutions and is based in the San Francisco Bay Area.

The Shearman & Sterling team below included associates Margeaux Bergman (Menlo Park-Capital Markets) and Stephanie Li (New York- Investment Funds).

The Team