AEye, Inc. - Class A Common Stock (LIDR)

Shares of AEye are trading lower following the company's announcement that it had updated its maximum private placement agreement to generate up to $5.23 million in proceeds under an at-market sales agreement.

AEye shares are trading higher by 38% during Friday's session. The company announced it entered a securities purchase agreement.

LIDR stock results show that AEye beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

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