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AEye Appoints Automotive and Lidar Veteran Rick Tewell as Chief Operating Officer optics.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from optics.org Daily Mail and Mail on Sunday newspapers.
LiDAR developer AEye to go public via merger with CF Finance Acquisition 23 Feb 2021 Active-sensing LiDAR technology delivers partial or full autonomy; boards of both parties have unanimously approved the transaction. âActive LiDAR has potential to transform many industries.âAEye, Inc., a developer of active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (âCF IIIâ), a special purpose acquisition company sponsored by financial service firm Cantor Fitzgerald, have entered into a definitive merger agreement. The combined company will be called AEye Holdings, and is expected to be publicly listed on Nasdaq following the close of the transaction. AEyeâs proprietary active sensing, intelligent LiDAR addresses the most difficult challenges facing autonomous driving. The company stated, âWhile traditional sensing systems passively collect data, AEyeâs active LiDAR leverages principles from automated targeting ....
AEye, Global Leader In Active, High-Performance LiDAR Solutions, To Go Public Through Merger With CF Finance Acquisition Corp. III - AEye s proprietary active-sensing, intelligent LiDAR technology delivers industry-leading performance that solves the most difficult challenges in delivering partial or full autonomy - Validated by key partnerships with premier Tier 2 and Tier 1 automotive suppliers that enable a capital light, high growth business model for volume production - Transaction values AEye at a pro-forma enterprise value of $2.0 billion and delivers up to $455 million of gross proceeds to fully fund the company through profitability - Proceeds include up to $230 million in trust from CF Finance Acquisition Corp. III, and $225 million in cash from a fully subscribed PIPE offering anchored by top tier institutional and strategic investors GM Ventures, Subaru-SBI, Intel Capital, Hella Ventures, Taiwania Capital, and other undisclosed investors to be announced ....
AEye, a lidar startup that developed its technology for use in autonomous vehicles as well as to support advanced driver assistance systems in passenger cars, is going public through a merger with CF Finance Acquisition Corp. III that will value the company at $2 billion. The agreement marks the latest lidar company to turn to […] ....
AEye, Global Leader In Active, High-Performance LiDAR Solutions, To Go Public Through Merger With CF Finance Acquisition Corp. III prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.