February 18 - 15:02
17D
Autonomous vehicle sensor startup AEye joins SPAC train
Autonomous vehicle sensor startup AEye is the latest company to confirm plans to go public via a special-purpose acquisition company (SPAC). It is to merge with a SPAC sponsored by Cantor Fitzgerald, with the company to be known as AEye Holdings, Inc. It values AEye at a pro-forma enterprise value of $2bn and delivers up to $455m of gross proceeds to fully fund the company through profitability.
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