Monday, May 03, 2021 12:32:02 PM
May 03, 2021 10:39 AM, By: Josh Fineman, SA News
- SPAC CF Finance Acquisition III (NASDAQ:CFAC) said it amended its merger agreement with AEye to lower the vale of lidar specialist to $1.52B at the closing of the deal versus the $1.9B at the time of the merger announcement in February.
- Cantor Fitzgerald, as the sponsor of CF III, has also extended the deadline for CF III to consummate a business combination from May 17 to Sept. 17, according to a statement. The deal is now expected to close in Q3, delayed from a previous Q2 close.
Upon closing, AEye will trade on Nasdaq under the ticker symbol “LIDR”.
- The AEYe price cut comes as SPAC have come under fire in the past few months as regulators are taking a closer look on issues such as warrants and growth projections and as short sellers have also targeted SPACs after their meteoric rise over the past year.
- Over the weekend Berkshire Hathaway's Warren Buffett compared the SPAC craze to gambling and Berkshire Vice Chairman Charlie Munger said "It's shameful what's going on. It's not just stupid, it's shameful."
- AEYe is among several lidar companies to go public though a SPAC merger following Velodyne Lidar (VLDR - 4.6%), Luminar Technologies (LAZR -1.1%), Ouster (OUST - 1.5%), Aeva (AEVA +0.4%) - and Innoviz (INVZ -2%)
Link: https://seekingalpha.com/news/3689270-spac-cf-finance-recuts-deal-with-lidar-specialist-aeye-at-lower-valuation?utm_source=advfn.com&utm_medium=referral
Recent LIDR News
- AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON • Business Wire • 05/09/2024 09:00:00 PM
- AEye to Report First Quarter 2024 Financial Results on Tuesday, May 14 • Business Wire • 04/23/2024 12:15:00 PM
- AEye Reports Fourth Quarter 2023 Results • Business Wire • 03/26/2024 08:05:00 PM
- AEye Introduces Apollo – the First Product in the 4Sight Flex Family • Business Wire • 03/26/2024 08:01:00 PM
- AEye to Report Fourth Quarter 2023 Financial Results on Tuesday, March 26 • Business Wire • 03/13/2024 12:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:22:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:18:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 11:44:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:50:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:06:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 01:30:58 PM
- AEye Announces Reverse Stock Split to Ensure Nasdaq Minimum Bid Price Compliance • Business Wire • 12/22/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 09:12:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 09:09:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 10:24:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 11:07:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/01/2023 09:29:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/30/2023 09:33:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 10:54:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/29/2023 09:32:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 09:35:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 10:35:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/27/2023 09:55:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/24/2023 06:45:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/22/2023 10:38:20 PM
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