Summary by Moomoo AI
On December 26, 2023, AEye, Inc. implemented a one-for-thirty reverse stock split of its common stock, which became effective at 4:09 p.m. Eastern Time. The reverse stock split was approved by the company's board of directors following authorization from stockholders at a special meeting held on December 12, 2023. As a result, every thirty shares of the issued common stock were consolidated into one share. The common stock began trading on a split-adjusted basis on December 27, 2023, under the new CUSIP number but retained the trading symbol 'LIDR' on The Nasdaq Capital Market. No fractional shares were issued; instead, fractional shares resulting from the reverse stock split were aggregated and sold on the open market, with shareholders entitled to receive a...Show More