AEye Enters Common Stock Purchase Agreement With New Circle Principal Investments Giving Co. The Right To Sell Up To $50M Of Common Stock Over 36-Month Term
Portfolio Pulse from Benzinga Newsdesk
AEye has entered into a common stock purchase agreement with New Circle Principal Investments, allowing the company to sell up to $50 million of common stock over a 36-month term.
July 29, 2024 | 12:03 pm
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AEye has entered into a common stock purchase agreement with New Circle Principal Investments, allowing the company to sell up to $50 million of common stock over a 36-month term.
The agreement provides AEye with financial flexibility and potential capital infusion, which could be seen positively by investors. However, the potential dilution of shares might be a concern.
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