© 2021 Technology Marketing Corporation. Once AEye goes public, you'll need a brokerage account to invest. What Happened: AEye is in talks to go public with CF Finance Acquisition III (NASDAQ: CFAC ), according to Bloomberg. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. AEye Said in Talks to Go Public Via Cantor Blank-Check Firm CF Finance Acquisition Corp. III raised $230 million in IPO Artificial-perception startup AEye Inc. is in talks to go public through a merger with CF Finance Acquisition Corp. III, a Cantor Fitzgerald LP blank-check firm, according to people with knowledge of the matter. DUBLIN, Calif. and NEW YORK, Feb. 17, 2021 AEye, Inc., the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (CFAC), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced they have entered into a definitive merger … It opened Friday, however, at $17.75 and surged as high as $18.90. AEye is the premier provider of high-performance, active LiDAR systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. In 2012, Continental became the first automotive supplier worldwide to receive a license for highly automated test drives on public roads in the US state of Nevada. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. AEye says it is merging with CF Finance Acquisition Corp. III (NASDAQ:CFAC), a special purpose acquisition company sponsored by Cantor Fitzgerald. The combined company will be called AEye Holdings, Inc. and is … Such forward-looking statements include, but are not limited to, statements regarding the closing of the combination and the expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the business combination, and future business plans of the AEye and CF III management teams, including AEye's products, revenue growth and financial performance, facilities, product expansion and services. AlenCiken Jan 18. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. CFAC stock actually plunged from about $13.50 to roughly $11 once it announced the bid for Aeye. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. After the merger, the company is expected to be valued at $2 billion. CF III and AEye and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from CF III's stockholders in connection with the proposed transaction. The aim is a seamless, efficient, sustainable, and comfortable mobility without crashes. AEye, Inc., ("AEye") the global leader in active, high-performance LiDAR solutions and CF Finance Acquisition Corp. III ("CF III"; Nasdaq: CFAC), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that Continental AG is participating in the PIPE offering connected with the company's recently announced merger agreement. CF Finance Acquisition Corp. III is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses CF III focuses on industries where its management team and founders have experience and insights and can bring significant value to business combinations. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by CF III through the website maintained by the SEC at www.sec.gov or by directing a request to CF III to 110 East 59th Street, New York, NY 10022 or via email at CFFinanceIII@cantor.com or at (212) 938-5000. WILMINGTON, Del., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresse IP, Navigation et recherche lors de l’utilisation des sites Web et applications Verizon Media. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant economic uncertainty. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. It will significantly change people's journeys, for example, on the highway, in the city, and when parking. Sign up to receive our updates and other TMCnet news! AEye Inc. is in talks to go public through a merger with CF Finance Acquisition Corp. III , a Cantor Fitzgerald LP blank-check firm, according to people with knowledge of the matter. The SPAC, CF Finance Acquisition Corp III, originally went public in December 2020 and its stock currently trades on the Nasdaq under the ticker symbol "CFAC." Forward-looking statements are sometimes accompanied by words such as "believe," "continue," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "predict," "plan," "may," "should," "will," "would," "potential," "seem," "seek," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. So, what's gone wrong? Neither AEye nor CF III gives any assurance that either AEye or CF III will achieve its expectations. How to buy shares in AEye when it goes public. Dublin, CA and New York, NY – February 17, 2021 – AEye, Inc. (“AEye”), the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced they have entered into a definitive merger agreement. Many actual events and circumstances are beyond the control of CF III and AEye. People have been buying the wrong stock cau... Read More. Our broad partnership combines two industry leading teams of LiDAR engineers from three continents to bring best-in-class automotive grade autonomous driving solutions to market.". Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. As a result, AEye's LiDAR uniquely enables higher levels of autonomous functionality (SAE L2-L5) at the optimal performance, power, and price. All rights reserved | Privacy Policy, https://www.businesswire.com/news/home/20210225005881/en/, Plantronics - Innovation Makes Business Communications More Personal, IP Convergence TV Interview with David Yedwab, The Key to a Sustainable IP Reseller Strategy: Partner With the Right Provider, Network Function Virtualization (NFV) and the evolution of messaging Infrastructure, Changing the User Experience with HD Voice, Phone.com Transforms Small Businesses Using VoIP and the Cloud. AEye will become AEye Holdings upon merger with CFAC. Blair LaCorte, CEO of AEye said, "We are thrilled that Continental, a valued partner and strategic investor, is participating in our $225 million PIPE offering, along with top tier institutional and strategic investors including GM Ventures, Subaru-SBI, Intel Capital (News - Alert), Hella Ventures and Taiwania Capital. In connection with the transaction described herein, CF III intends to file relevant materials with the SEC (News - Alert), including a registration statement on Form S-4, which will include a proxy statement/prospectus. Artificial-perception startup AEye is in talks to go public through a merger with CF Finance Acquisition Corp. III (NASDAQ: CFAC), according to Bloomberg, citing people with knowledge of the matter. About CFAC CF Finance Acquisition III is a blank check company formed on March 15, 2016 as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In 2019, Continental generated sales of €44.5 billion and currently employs more than 233,000 people in 59 countries and markets. Together, we are well positioned to deliver ADAS solutions that will increase vehicle safety and enable new performance features, such as highway pilot. Today, shares continue to slide and are now close to the all-important $10 mark. The combined company will be called AEye Holdings, Inc. … Important Information and Where to Find It. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. DOW 31,496.30. Get CF Finance Acquisition III Corp (CFAC:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transactions and CF III. These statements are based on various assumptions, whether or not identified in this press release. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. View CFAC's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or … How Far Off is the Autonomous Customer? AEye and CF Finance Acquisition Corp. III Announce Continental AG’s Participation in $225 Million Pipe Offering Feb 25, 2021 SHAREHOLDER ALERT: Rigrodsky Law, P.A. DUBLIN, Calif. Blair LaCorte, CEO of AEye said, “We are thrilled that Continental, a valued partner and strategic investor... AEye and CF Finance Acquisition Corp. III Announce Continental AG’s Participation in $225 Million Pipe Offering In 2021, the company celebrates its 150th anniversary. CF III also will file other documents regarding the proposed transaction with the SEC. For Continental, automated driving is an essential building block of future mobility. AEye creates high-performance, active, AI-driven LiDAR systems for vehicle autonomy, advanced driver-assistance, and robotic vision applications to save lives and propel the future of transportation. Proceeds of the transaction include $225 million in cash from a fully subscribed PIPE offering and $230 million held in CF III. AEye's software-definable iDAR™ (Intelligent Detection and Ranging) platform combines solid-state active LiDAR, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception. ", Frank Petznick, Continental's Head of Advanced Driver Assistance Systems business unit said, "We are very excited to further our investment in AEye and proud to partner with their team to deliver state-of-the art long range, high performance LiDAR sensors to enable new compelling features such as highway pilot, and integrate these sensors in vehicles in volume starting in 2024 models for OEMs, globally. Readers are cautioned not to put undue reliance on forward-looking statements, and AEye and CF III assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The foregoing list of factors is not exhaustive. The transaction values AEye at … S&P 500 3,841.94. What Happened: AEye is in talks to go public with CF Finance Acquisition III (NASDAQ:CFAC), according to Bloomberg. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. Information about CF III's directors and executive officers and their ownership of CF III's securities is set forth in CF III's filings with the SEC. (Bloomberg) -- Artificial-perception startup AEye Inc. is in talks to go public through a merger with CF Finance Acquisition Corp. III, a Cantor Fitzgerald LP blank-check firm, according to people with knowledge of the matter. The combined company will be called AEye … Exploring CF Finance Acquisition Corp. III (NASDAQ:CFAC) stock? Before making any voting or investment decision, investors and security holders of CF III are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Driving the Future of Safe Autonomy. Feb. 18, 2021 - AEye To Go Public Through Merger With CF Finance Acquisition Corp. III (CFAC) StreetInsider.comWhy SPAC CF Finance Acquisition III's Stock Is Trading Down Today Motley FoolAEye to go public in SPAC deal with CF Finance Acquisition (CFAC) Seeking AlphaAEye Now Slated To Go Public by Merging With the SPAC CF Finance Acquisition Corp. III (CFAC) … Lidar has been one of the hottest sectors in the SPAC market over the last year, with several startups choosing this route to go public. Cantor Fitzgerald is a leading SPAC sponsor, having completed multiple initial public offerings and announced multiple business combinations through its CF Acquisition platform. Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 70 years. For more information, please visit: www.cantor.com. The company is based in the San Francisco Bay Area and backed by world-renowned financial investors including Kleiner Perkins and Taiwania Capital, as well as GM Ventures, Continental AG, Hella Ventures, LG Electronics (News - Alert), Subaru-SBI, Pegasus Ventures (Aisin), Intel Capital, SK Hynix and Airbus Ventures. While traditional sensing systems passively collect data, AEye's active LiDAR leverages principles from automated targeting systems and biomimicry to scan everything while intelligently focusing on what matters in order to enable safer, smarter, and faster decisions in complex scenarios. DUBLIN, Calif. and NEW YORK, Feb. 17, 2021 /PRNewswire/ -- AEye, Inc. ("AEye"), the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (Nasdaq: CFAC) ("CF III"), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced they have entered into a definitive merger agreement. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. On February 17, 2021, AEye announced plans to merge with CF III, which is expected to result in the company being publicly listed on the Nasdaq and provide growth capital for expansion. CF Finance Acquisition Corp. III is led by Chairman and Chief Executive Officer Howard W. Lutnick. AEye To Go Public Through Merger With CF Finance Acquisition Corp. III; Transaction Values AEye At A Pro-forma Enterprise Value Of $2B benzinga.com - February 19 at 7:54 PM CF Finance Acquisition Corp. III (NASDAQ:CFAC) Trading Down 17.7% The proxy statement/prospectus will be sent to all CF III stockholders. Announces Investigation of CF Finance Acquisition Corp. III Merger. SHAREHOLDER ALERT: Rigrodsky Law, P.A. As per the details announced via a press statement just moments ago, AEye and CF Finance are expected to consummate their merger in Q2 2021. Continental, a leading Tier 1 automotive supplier, previously made a minority investment in AEye in October 2020. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. CF III is sponsored by Cantor Fitzgerald. The SPAC's stock dropped by about 6% between last Friday and Wednesday's close of $16.95 after the AEye announcement. In the future, this will enable a wide range of solutions between partially automated and driverless vehicles. On February 17, 2021, CF Finance Acquisition Corp. III, a Delaware corporation (“CF III”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among CF III, Meliora Merger Sub, Inc., a Delaware corporation and a wholly-owned direct subsidiary of CF III (“Merger Sub”), and AEye, Inc., a Delaware corporation (“AEye”). Pursuant to the Merger Agreement, subject to the terms and conditions … I'm still keeping an eye on this one. AEye, Inc., ("AEye") the global leader in active, high-performance LiDAR solutions and CF Finance Acquisition Corp. III ("CF III"; Nasdaq: CFAC), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that Continental AG is participating in the PIPE offering connected with the company's recently announced merger agreement. The valuation couldn’t immediately be learned. The company is backed by … outsider on What’s Ian King’s “MaaS” Pitch All about? AEye and CF Finance Acquisition Corp. III Announce Continental AG’s Participation in $225 Million Pipe Offering. For more information on the merger, please visit www.aeye.ai/investor_relations/. AEye, Global Leader In Active, High-Performance LiDAR Solutions, To Go Public Through Merger With CF Finance Acquisition Corp. III. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of CF III's Form S-1 Registration Statement, the form S-4 Registration Statement that CF III will file, which will include a proxy statement/prospectus and other documents filed or to be filed by CF III from time to time with the SEC. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CF III or AEye, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. View source version on businesswire.com: Forward-looking statements speak only as of the date they are made. The company is backed by Continental AG, Europe’s second-largest car parts supplier, which took Continental's continued investment underscores our strong relationship, and their commitment to AEye and our game-changing active LiDAR technology. You may obtain free copies of these documents as described in the preceding paragraph. An Update on Contact Center Realities. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. Unified Communications in 2021 and Beyond, Here's How Service Providers Can Enable Global IoT for Enterprises, The Wireless Internet of Things (IoT) Is Destined to Make Factories Smarter, Effective Remote Privileged Access for MSPs, A New Approach to Zero Trust Privileged User Access, Solving the Top 3 Privileged User Access Problems, Data Growth and the MSP: Best Practices for Profitably Delivering Data Protection. Also seems like a small company, even if CFAC is "only" a $200 million SPAC. cfac merger : Related News. Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Yahoo fait partie de Verizon Media. This press release relates to a proposed transaction between CF III and AEye. But remember GRAF, that merged with Velodyne, was a $225 million SPAC and it topped at $32 before merger. Sensors, control units, brake systems, software, connectivity solutions, driving functions as well as information and control systems for automated driving are developed in a global network focusing on Japan, China, the USA, India, and Europe. AEye's highly complementary partnership with Continental combines our leading, active, high-performance LiDAR with their powerhouse Advanced Driver Assistance Systems (ADAS) supply universe. What Happened: AEye is in talks to go public with CF Finance Acquisition III CFAC 0.57%, according to Bloomberg. AEye's iDAR™ is a proprietary active sensing, intelligent LiDAR that delivers industry-leading performance and addresses the most difficult challenges facing autonomous driving. https://www.businesswire.com/news/home/20210225005881/en/. The deal will raise $455 million in gross proceeds for the post-merger company (which will retain the AEye name.) On February 17, 2021, AEye announced plans to merge with CF III, which is expected to result in the company being publicly listed on the Nasdaq and provide growth capital for expansion. Velodyne has at least 500 employees, Aeye Inc. has 76. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CF III's securities, (ii) the risk that the transaction may not be completed by CF III's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CF III, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the approval by the stockholders of CF III, the satisfaction of the minimum trust account amount following any redemptions by CF III's public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the inability to complete the PIPE offering, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi) the effect of the announcement or pendency of the transaction on AEye's business relationships, operating results, and business generally, (vii) risks that the transaction disrupts current plans and operations of AEye and potential difficulties in AEye employee retention as a result of the transaction, (viii) the outcome of any legal proceedings that may be instituted against AEye or against CF III related to the merger agreement or the transaction, (ix) the ability to maintain the listing of CF III stock on the Nasdaq Stock Market, (x) volatility in the price of CF III's securities, (xi) changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, changes in laws and regulations affecting AEye's business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the transaction, and identify and realize additional opportunities, (xiii) the potential inability of AEye to increase its manufacturing capacity or to achieve efficiencies regarding its manufacturing process or other costs, (xiv) the enforceability of AEye's intellectual property, including its patents and the potential infringement on the intellectual property rights of others, (xv) the risk of downturns and a changing regulatory landscape in the highly competitive industry in which AEye operates, (xvi) the potential inability of AEye to enter into definitive agreements, partnerships or other commitments with original equipment manufacturers, contract manufacturers, suppliers and other strategic partners and (xvii) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions.