AEye faces Nasdaq delisting over share price rule

PLEASANTON, CA – AEye, Inc., a company specializing in motor vehicle parts and accessories, disclosed on March 12, 2025, that it has been notified by The Nasdaq Stock Market LLC of non-compliance with the exchange’s minimum bid price requirement. The stock, currently trading at $0.57, has experienced significant pressure, falling over 55% year-to-date according to InvestingPro data. The notice, which does not immediately affect AEye’s listing, was issued because the company’s common stock had not maintained the minimum $1.00 per share bid price over the last 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2).

The manufacturer, headquartered in Pleasanton, California, has until September 8, 2025, to address the bid price deficiency and regain compliance. To achieve this, AEye’s common stock must close at or above $1.00 per share for at least ten consecutive business days within the 180-day grace period. Despite current challenges, InvestingPro analysis shows the company maintains a healthy current ratio of 2.23 and holds more cash than debt on its balance sheet, with analysts forecasting 26% revenue growth this year. If the company meets this criterion before the deadline, Nasdaq may confirm that AEye has complied with the rule.

Should AEye fail to meet the requirement by the first compliance date, it may be granted an additional 180-day period to rectify the situation, provided it meets all other initial listing standards for The Nasdaq Capital Market, except the Bid Price Rule, and submits a written notice of its intent to cure the deficiency.

If compliance is not regained within the allotted timeframes, AEye could face delisting from the Nasdaq. In such an event, the company would have the option to appeal the decision to a Nasdaq hearings panel. AEye has stated it will continue to monitor its share price closely and evaluate options to resolve the issue and maintain compliance with Nasdaq’s continued listing requirements. For deeper insights into AEye’s financial health and prospects, investors can access comprehensive analysis and 18 additional key tips through InvestingPro’s detailed research reports. However, there is no guarantee that AEye will be able to regain compliance with the Bid Price Rule or maintain compliance with other listing requirements.

This announcement is based on a recent SEC filing by AEye, Inc.

In other recent news, Aeye Inc. reported its Q4 2024 earnings, revealing a GAAP net loss of $8.5 million, or $0.93 per share, and a non-GAAP net loss of $6.3 million, or $0.69 per share. The company ended the quarter with $22.3 million in cash and raised an additional $12.7 million in 2025, extending its cash runway to mid-2026. Aeye launched Apollo, a new LiDAR sensor capable of high-resolution detection at a distance of one kilometer. The company is exploring non-automotive markets, including security and rail, as part of its strategic focus. Aeye’s partnership with NVIDIA (NASDAQ:NVDA) is facilitating access to new OEMs, with Apollo meeting NVIDIA’s Hyperion autonomous driving platform specifications. Despite challenges like market saturation and supply chain issues, Aeye is optimistic about its future growth. The company is working towards high-volume production of Apollo, with the first units expected in Q1 2025.

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